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 ending 30 June 2017.
Key Highlights
• Statutory net profit of $50.8 million
• Distributable earnings of $43.5 million, representing 20.5 cents per unit (“cpu”) in line with revised guidance
• Total assets of $921.5 million, with NTA increasing by 1.3% to $2.35 per unit
• Agreed leases over 134,000sqm; representing 17.7% of portfolio GLA
• Portfolio occupancy at 92.1%3, with a 4.4 year WALE
• Reduced FY18 lease expiry below 5%
• Refinanced entire debt book with new $450 million common terms facility
• Conducted $35 million placement on 29 June 2017
• Divested two dated assets for $30 million4; 7.9% premium to book value
• Acquired two assets, 100% occupied, for $65 million
For further information please download PDF attached:
Download this document
