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Investa Office Fund, Half Year 2015 Results Presentation

Highlights
 
Financial
-  Net profit $99.5 million (up 78%)
-  FFO 14.2 cpu(up 3%) and DPU 9.55 cpu(up 3%)
-  Full year guidance upgraded from 27.3 cputo 27.5 cpu–3.8% growth on FY14
-  NTA up 7 cents to $3.42
 
Portfolio
-  Another active period of leasing, with 30,000 sqmleased –including 11,400 sqm in Brisbane –de-risking the outlook
-  Progressing well with value-add refurbishments totalling $40 million
-  Exchanged contracts on final offshore asset for €54.9 million and completed sale of 628 Bourke Street Melbourne at 14% premium to book value
 
Capital Management
-  Completed bank debt refinancing of $398 million
-  Maintain long weighted average debt duration of 5.4 years
-  Low weighted average cost of debt –4.2%
 
 
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