• Portfolio occupancy increased 80 bps from 1H18 to 98.6%
• Leases agreed for 2.8% of portfolio area, 7.8% re-leased year to date in FY18
• Portfolio WALE at 4.1 years
• Gearing remains at 29.5% with capacity to fund committed acquisitions
Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (ASX:CMA), is pleased to provide CMA’s operating update for Q3 FY18.
Active management has continued to deliver leasing success in the quarter. Terms have been agreed for a total of 5,138sqm across 11 leasing transactions, reflecting 2.8% of the portfolio’s lettable area and bringing the year to date total to 7.8% over FY18. Occupancy has increased 80 bps over the quarter to 98.6%. FY18 expiries reduced to 0.6%, while portfolio WALE remains strong at 4.1 years.
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