Managed fund and developer, Centuria Industrial REIT (ASX:CIP) has grown its portfolio to $1.02 billion in the first quarter of the 2018 financial year.
Over the quarter it also bolstered its occupancy by 1.4 per cent to 93.5 per cent, while also increasing its leases.
Throughout the period the fund also raised $53 million in equity and reduced its pro-forma gearing by almost 2 per cent.
The REIT also saw its weighted average lease expiry (WALE) further improve to 4.8 years.
Shares in Centuria Industrial REIT (ASX:CIP) are trading about 0.4 per cent lower to $2.55.