Carindale Property Trust (ASX:CDP) has announced its financial results for the fiscal year, posting a net property income of A$39.5 million.

This represents a 6.5% increase in the company’s net property income.

The trust also reported an annual revenue increase of 4.1%, taking the total to A$54.9 million.

Among other highlights, the company declared a final distribution per unit of 13.125 Australian cents.

Moving forward, the trust predicts a distribution of 27.102 Australian cents per unit for the year ending 30 June 2024.

Carindale Property Trust is an Australian real estate investment trust that owns a diversified portfolio of properties.