BRIEF-Australand Property Group says FY net profit attributable to stapled security holders $135.3 mln

Feb 17 (Reuters) - Australand Property Group ALZ.AX :

* Appendix 4E ALZ.AX

* FY revenue and other income up 4 percent to $1.06 billion

* FY net profit attributable to stapled security holders down 25 percent to $135.3 million

* Final distribution per security 11 cents

* Says the portfolio is expected to deliver modest growth in EBIT for 2014

* "Tenant demand remains relatively subdued"

* Sees the C&I EBIT contribution in 2014 to be lower than 2013

* "At 31 December 2013, the residential division held 1,823 sales contracts on

hand with 72% of these expected to be recognised in 2014"

* Says "group expects earnings to be skewed to the second half of the year"

* "Expects to deliver growth in operating earnings per security for the full

year 2014 and an increase in distributions to 22.0 cents per security"

* Source text for Eikon News Search ID:nASX7sY6Kg News Search ID:nASX7K9Xzb

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