CNI +0.29%: All as expected for the property fund manager today with operating earnings per security in 1H24 of 6.1cps, inline with expectations coming from revenue of $149.6m, down 6% YoY + an interim dividend of 5cps, as we expected. FY24 guidance was maintained which is for Operating EPS of 11.5-12cps and another 5cps of dividends, putting it on a current yield of 5.7%.
- We own CNI in the Active Income & Emerging Companies Portfolios
MM remains long & bullish CNI
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