Carindale Property Trust reported audited consolidated earnings results for the year ended June 30, 2015. For the year, the company reported property revenue of AUD 55,486,000 against AUD 53,342,000 a year ago. Net profit attributable to members of the Trust was AUD 55,645,000 or 79.49 cents per basic and diluted share against AUD 71,840,000 or 102.63 cents per basic and diluted share a year ago. Net cash flows from operating activities were AUD 37,533,000 against AUD 36,135,000 a year ago. Payments of capital expenditure for property investments were AUD 6,837,000 against AUD 4,179,000 a year ago. Net asset backing per unit was AUD 7.69 against AUD 7.17 a year ago.

For the year ending 30 June 2016, the company forecasts FFO and distribution per unit is expected to increase 12-14%. This reflects growth in net operating income and lower interest costs.