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Centuria Metropolitan REIT Announces FY2018 Financial Results

Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (ASX:CMA), is pleased to announce CMA’s full year financial results for the period ended 30 June 2018.

Key Highlights

- Guidance achieved: Distributable earnings (EPU) of 18.6 cents per unit (cpu), distributions per unit (DPU) of 18.1 cpu
- Net Tangible Assets (NTA) increased 7.3% to $2.49 per unit over FY18 with CMA generating 14.9% Return on Equity (ROE)
- Gross assets increased to $1.0 billion
- Over $256 million transacted to enhance portfolio quality
- 99% portfolio occupancy, highest since inception
- Inclusion in the S&P/ASX 300 index

Mr Doug Hoskins, Acting CMA Fund Manager, commented, “CMA has continued to mature over the past twelve months, reaching $1.0 billion of gross assets and achieving inclusion in the S&P/ASX 300 index. Importantly, CMA has delivered EPU and DPU in line with guidance, a result achieved from active portfolio management throughout the year.”

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