Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (ASX:CMA), is pleased to provide CMA’s operating update for Q1 FY19.
- Leases agreed for 5.0% of the portfolio in Q1 FY19, reducing the FY19 expiry profile by approximately 20%
- Average NABERS energy rating improved from 4.0 Stars to 4.2 Stars
- Portfolio repositioning through continued transactional activity
Property Portfolio and Leasing
Doug Hoskins, Acting CMA Fund Manager, commented: “The first quarter has continued to emphasise CMA’s approach to active asset management. During Q1 FY19, terms were agreed on a further 5.0% of portfolio lettable area. Importantly, the leases agreed during the quarter represent approximately 20% of the overall expiry profile for FY19 and FY20, as we continue to execute on one of our stated objectives to proactively improve CMA’s expiry profile.”
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