Media Releases360 Capital Industrial Fund

View All 360 Capital Industrial Fund News

360 Capital Industrial Fund, Quarter Fund Update March 2014

Summary, Outlook & Focus
Strong portfolio fundamentals:
-  99.3%1 occupancy; 5.2 year WALE; no major near term expiries
Continuing to deliver growth in operating EPU and DPU:
-  FY14 EPU guidance of 20.5cpu (before buy-back and other initiatives), up 2.5% on previous guidance
-  FY14 DPU guidance of 18.6cpu
Attractive pricing:
-  Trading at a 2.8% discount to NTA per Unit
-  DPU yield of 8.6% with a conservative payout ratio of 91%
Quarterly distributions with forecast tax deferred component of 40% to 50%
Maintain high occupancy and long WALE
Continue to grow portfolio through responsible acquisitions
Maintain disciplined approach to equity issuances
Continue capital management initiatives if opportunity exists to buy Units at discount to underlying asset values
Responsibly trend gearing down to lower end of targeted 40% to 50% range
Greater focus on EPU & DPU growth rather than growth for growth’s sake.
For further information please download PDF attached:
Download this document