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Centuria Urban REIT Announces 1H17 Interim Result

Centuria Property Funds No. 2 Limited (CPF2L), as Responsible Entity of the Centuria Urban REIT (CUA) announced CUA’s half year financial results ended 31 December 2016.

Key Highlights

- Transfer of Management Rights from 360 Capital Group Limited to Centuria Capital Group
- Statutory net profit of $7.8 million
- Distributable earnings1 of $5.8 million representing 7.9 cents per security (“cps”)
- Increase in total assets of 1.1% to $213.3 million
- CUA’s portfolio value increased by 1.2% to $210.4 million2
- NTA has increased by 2.0 cents to $2.27 per security2
- Secured leases across 6,712 sqm (23.2%) of CUA’s portfolio, including key transactions at 154 Melbourne Street, South Brisbane that reduce FY17 expiries from 12.8%3 to nil
- CUA’s portfolio is 99.2% occupied with a 4.6 year WALE3
- Gearing of 19.7%2

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