Good news for Westfield after restructure

WESTFIELD Corporation has posted a strong result for the second half of 2014.

The Australian reported on Wednesday that the company, with an outlet in Helensvale, is expecting to pay a distribution of US12.3c per share in the period.

Revenue rose 3 per cent to $653.5m, compared with $634.3m at the same time last year.


Westfield America Trust will pay an interim dividend of 21c per share on August 29 to shareholders who were on the register on June 27.

Back in June, the shopping centre giant secured enough shareholder support to get its controversial $70 billion restructure over the line.