Fund Overview


About Centuria Industrial REIT

Centuria Property Funds No. 2 Limited (CPF2L), a wholly-owned subsidiary of Centuria Capital Group (CNI), is the Responsible Entity for the ASX listed Centuria Industrial REIT (CIP).

CIP is Australia’s largest ASX listed income focused industrial investment vehicle and is included in the S&P ASX300 index. CIP owns a portfolio of 39 high quality industrial assets with a value of $972 million, the properties are located in key metropolitan locations throughout Australia.

CPF2L, combined with Centuria Property Funds Limited (CPFL), the Responsible Entity for the ASX listed Centuria Metropolitan REIT (CMA), has $3.4 billion of funds under management in 16 unlisted property funds, one open-ended diversified property fund and two listed REITs.

CNI is an ASX-listed specialist investment manager with $4.2 billion in funds under management.

Investment Objectives

The Fund owns a portfolio of quality industrial real estate assets delivering stable and predictable rental income with opportunities for value uplift through diligent asset management and repositioning strategies.

The portfolio is well positioned to meet the Fund’s objectives to provide investors predictability and stability of income, through strong portfolio occupancy and weighted average lease expiry profile. Distributions to Fund unitholders are paid quarterly.

Key Fund metrics as at 30 June 2016

  • Weighted Average Lease Expiry (WALE) – 4.4 years
  • Occupancy – 92.3%
  • Capitalisation rate – 7.35%
  • Net Assets per unit – $2.34
  • Gearing – 43.4%

1. Pro-forma 30 June 2017.