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Centuria Industrial REIT, CIP, FY19 Results Announcement


FY19 Financial Results

Centuria Property Funds No. 2 Limited (CPF2L), as Responsible Entity of Centuria Industrial REIT (ASX:CIP) is pleased to announce CIP’s full year financial results for the period ended 30 June 2019

FY19 FINANCIAL HIGHLIGHTS

• Statutory profit of $88.8 million
• Distributable earnings of $48.7 million
• Distributable earnings per unit (EPU) of 18.8 cents per unit (cpu), above the midpoint of previous guidance
• Distributions per unit (DPU) of 18.4 cents per unit delivered in line with guidance
• 12 month Return on Equity (ROE) of 13.8%
• Balance sheet gearing of 37.4% pro forma balance sheet gearing reduced to 33.3%

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