1. CBRE Research, 2Q25.
2. Initial Fund term may be extended – refer to terms and conditions in the PDS. Investors cannot withdraw their investment during the five-year initial investment Fund Term.
3. Distribution will be paid if declared by Centuria Property Funds Limited and will be subject to the terms, assumptions and risks set out in the PDS.
4. Forecast distributions are expected to be 60% tax deferred for FY26 and 45% for FY27 for Australian tax residents.
5. Forecast distribution for FY26 is for 1 Nov 2025 – 30 June 2026 and assumes that settlement of the property will occur on or around 1 November 2025. Forecast distributions shown are annualised and pre-tax. Distributions will be paid if declared by Centuria Property Funds Limited and will be subject to the terms, assumptions and risks set out in the PDS. The forecast distribution rate is predictive in nature and is subject to assumptions, risks and circumstances (both known and unknown) outside of the control of the Fund. These assumptions include that all tenants will satisfy their contractual obligations under their respective leases within a timely manner, there are no significant unforeseen capital costs or material changes to the Fund’s financial obligations. The actual returns may differ from the target/forecast return. The Responsible Entity does not guarantee the performance of the Fund, the repayment of capital or any income or capital return. Past performance is not reliable indicator of future performance.
6. Forecast average annual distribution over the initial five-year Fund term and assumes that settlement of the property will occur on or around 1 November 2025. Forecast distributions shown are annualised and pre-tax. Distributions will be paid if declared by Centuria Property Funds Limited and will be subject to the terms, assumptions and risks set out in the IM. The forecast distribution rate is predictive in nature and is subject to assumptions, risks and circumstances (both known and unknown) outside of the control of the Fund. These assumptions include that all tenants will satisfy their contractual obligations under their respective leases within a timely manner, there are no significant unforeseen capital costs or material changes to the Fund’s financial obligations. The actual returns may differ from the target/forecast return. The Responsible Entity does not guarantee the performance of the Fund, the repayment of capital or any income or capital return. Past performance is not reliable indicator of future performance.
7. Modelled target IRR applying assumptions including terminal cap rates for the property. The modelled target IRR is subject to due diligence and the modelled return is not a forecast and is provided for the information of Financial advisers only. The modelled target IRR is net of fees, pre-tax and based on Centuria’s acquisition modelling but is highly contingent on the key future assumptions, which are not contracted or certain. No guarantee is made that the modelled target IRR, or any of the assumptions and variables used to calculate the IRR, will be achieved and the actual IRR may differ materially from the modelled IRR.
8. The Core Property rating (assigned in August 2025) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.
Disclaimer: Centuria Property Funds Limited (ABN 11 086 553 639 AFSL 340 304) (CPFL) is the responsible entity for the Centuria Port Adelaide Industrial Fund (CPAIF) (Fund). CPFL is a wholly owned subsidiary of the Centuria Capital Group (Centuria) (ASX:CNI). It is intended that a Product Disclosure Statement (PDS) and Information Memorandum (IM) for the Fund will be issued on or around 1 September 2025. You should obtain and read a copy of the PDS/IM relating to the Fund before making a decision to invest. The PDS for the Fund will be made available from Centuria’s website (www.centuria.com.au). The information in this communication is general information only and does not take into account the objectives, financial situation or particular needs of any person. You should consider whether this information is appropriate for you and consult your financial or other professional advisor before investing. A Target Market Determination will be issued for this product and will be published on Centuria’s website at centuria.com.au/ddo.
