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Centuria Industrial REIT - Q1 FY21 Operating Update


Centuria Property Funds No.2 Limited (CPF2L) as Responsible Entity of Centuria Industrial REIT (ASX: CIP) has provided a Q1 FY21 update.

KEY HIGHLIGHTS

-- Reaffirmed FY21 FFO guidance of 17.4 cents per unit (cpu) and distribution guidance of 17.0 cpu
-- Acquired six high-quality industrial assets for $523m
-- 96.5% portfolio occupancy and a substantial Weighted Average Lease Expiry (WALE) of 10.0 years
-- 45,318sqm (4.5% of portfolio GLA) of lease terms agreed
-- Average 97% portfolio rent collection over the six months to September 2020
-- Market relevance solidified with inclusion in the S&P/ASX200 Index 

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