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Why Is Reef Casino Trust’s Profit Dropping as a $185 Million Takeover Looms?
9:32pm on Friday 29th of August, 2025 AEST
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Real Estate Investment Trusts
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Why Is Reef Casino Trust’s Profit Dropping as a $185 Million Takeover Looms?
9:32pm on Friday 29th of August, 2025 AEST
Key Points
23.9% drop in half-year net and distributable profit
6.63 cents per unit distribution declared, down from 8.71 cents
Takeover bid agreed with Iris Cairns Property Pty Ltd at $3.72 per unit
Regulatory costs and transaction expenses weigh on earnings
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Reef Casino Trust (ASX:RCT)
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