- On track for full year result of 26.1 cents, ahead of expectations following DOF sale
- Net Profit $56m - up 4% on pcp; FFO $84.5m - up 8% on pcp
- NTA up 1c to $3.24 per unit - $45m (3%) increase in Australian valuations mainly offset by DOF sale
- Portfolio upgrade continues – acquired ~$800m of quality A and premium grade assets over the past 24 months and completed ~$35m of refurbishment projects:
- Sold IOF’s legacy investment in DOF, bringing total offshore sales to over AU$740m – only 3% of the portfolio remains offshore
- Occupancy high at 96% and WALE 5.0 years after leasing ~83,000sqm financial year to date
- Extended weighted average debt maturity to 7 years after issuing US$200m of debt into the USPP market for 13 years at average 173 basis point margin;
- Gearing 23.8%, providing further acquisition capacity 20.
