Ram Essential Services Property Fund (ASX:REP) has reported its fiscal year funds from operations (FFO), coming in at A$30.6 million.

The fund also stated a like-for-like net operating income (NOI) growth of 4.5%, and has given its FY24 distribution per unit (DPU) guidance in the range of 5.6 to 5.7 Australian cents.

The fund’s FY distributions per unit stood at 5.7 Australian cents, with a payout ratio of 97%, which is in accordance with the provided guidance.

Ram Essential Services Property Fund is a financial organization that provides property-focused operating services.