Centuria Industrial REIT Limited (ASX:CIP), Trust Manager, Ross Lees talks about its portfolio, key transactions, strategy and Q1 FY18 update.
- Centuria Industrial REIT (ASX:CIP) Specialist investment manager 39 assets, value of $1 billion and market cap of $650 million. funds under management, industrial real estate
- 93.5 per cent occupancy at 30 September 2017
- FY18 forecast distribution yield of 7.5 per cent, based on closing price of securities on 17 November 2017
- Portfolio in dominant NSW and VIC markets
- Top tenants include Woolworths Limited (ASX:WOW), Reject Shop (ASX:TRS), AWH Pty Ltd and Green's General Foods
- Sydney 40% of portfolio, Melbourne 28%, Brisbane 18%
- Acquired 17% of Propertylink (ASX:PLG) alongside Centuria Capital (CIP interest 7.7%)