Centuria Metropolitan REIT (ASX:CMA) Fund Manager, Grant Nichols, presents the company's FY19 results.
Actively managing portfolio:
- Accounts for around 23% of Centuria Capital Group’s total assets under management
- Maintains high portfolio occupancy of 98.4%
- Produced $61.2 million in funds from operations, with 17.6 cents per unit paid to unitholders as a distribution
- FY19 over 21,750 sqm of leases were agreed
Australia’s largest pure play listed office REIT:
- CMA’s market capitalisation grew to over $1 billion
- Delivering a 12 month total return of over 22% to 30 June 2019
- For FY20, our FFO guidance is 19.0 cents per unit and distribution guidance of 17.8 cents per unit.
For more, watch Fund Manager Grant Nichols present.