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Centuria Metropolitan REIT Announces 1H19 Results

Australia’s largest office-specific REIT continues to improve $1.4bn portfolio

Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (ASX:CMA), is pleased to announce CMA’s half year financial results for the period ended 31 December 2018.

1H19 highlights include:

- Completion of strategic initiatives repositions CMA as Australia’s largest ASX-listed pure- play office REIT

- 12-month Return on Equity (ROE) of 10.9%

- The acquisition of a $521 million portfolio of four office assets continued to raise CMA’s quality and took the portfolio to $1.4 billion (from $930.5 million at FY18)

Portfolio highlights:

- Divestment of remaining industrial assets, at premium-to-book values

- High occupancy maintained at 98.8%;2,4 100% occupancy through WA, SA, VIC and NSW properties

- Settlement of new Target Headquarters at 2 Kendall Street, Williams Landing boosted the portfolio: 100% occupancy on a 10-year lease and an uplift of $6.0m since acquisition


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