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