REAL ESTATE – UNITED STATES – RETAIL

Westfield Corp will still call Australia home

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Original article by Matthew Cranston
The Australian Financial Review – Page: 30 : 13-May-16

US-focused Westfield Corporation has ruled out shifting its primary listing from the Australian sharemarket to the US, although the group will consider a dual-listed structure. Chairman Frank Lowy says the board decided that there would be minimal benefit from relocating Westfield’s primary listing at present, and said he does not intend to retire from the board. Meanwhile, Westfield has advised that specialty retail sales at its shopping centres rose by 4.4 per cent in the year to March 2016.

CORPORATES
WESTFIELD CORPORATION – ASX WFD, SCENTRE GROUP – ASX SCG

Westfield posts US$2.3bn net profit in first full year

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Original article by Robert Harley
The Australian Financial Review – Page: 35 : 25-Feb-16

Australian-listed Westfield Corporation has posted a net profit of $US2.3bn ($A3.2bn) for calendar 2015. The real estate investment trust was created in 2014 via a restructuring of the Westfield Group. The US and Europe-focused Westfield has reported funds from operations of $US783.4m for 2015, which equates to $A0.377 per security.

CORPORATES
WESTFIELD CORPORATION – ASX WFD

Lowy to stay on at top of Westfield

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Original article by Robert Harley
The Australian Financial Review – Page: 39 : 26-Feb-15

Westfield Corporation says its funds from operations will be $A0.377 per security for calendar 2015. The listed property group’s shareholders will receive a distribution of $A0.123 per security for the second half of 2014, and it will pay a distribution of $A0.251 in 2015. Meanwhile, joint CEO Peter Lowy has advised that he intends to remain in the role "indefinitely", having previously planned to step down and become a non-executive director

CORPORATES
WESTFIELD CORPORATION – ASX WFD, SCENTRE GROUP – ASX SCG, O’CONNOR CAPITAL PARTNERS