Coronavirus

Augusta to delay tourism fund, annual AFFO to fall up to 45%

Jenny Ruth
Mon, 17 Feb 2020

Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 45 percent lower than the previous year."Augusta now expects adjusted funds from operations for the year ending March 31, 2020 to be between $4.2 million and $4.5 million," the statement said.The company reported $7.74 million in adjusted funds from operations for the year ended March, 2019.The company's statement today didn't give any reason for th...

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