Qualitas Says Changes to Management Terms to Affect Accounting Treatment of Warehouse Lending Trust

MT Newswires Live

2024/11/27

Qualitas (ASX:QAL) said amendments to its management terms regarding the Arch Finance Warehouse Trust (AFWT) will result in changes to the accounting treatment of the trust in its statutory financial statements, effective Friday, according to a Wednesday filing with the Australian bourse.

The AFWT is a warehouse lending trust managed by Arch Finance, a direct lending segment of the company, the filing said.

Once implemented, the changes will be reflected in the company's interim report for the half-year ending Dec. 31, according to the filing.

The real estate investment firm's shares fell nearly 2% in afternoon trade Wednesday.

Price (AUD): $2.62, Change: $-0.04, Percent Change: -1.50%

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