Centuria’s unlisted retail property funds top index again

2 November 2018

For the sixth quarter in a row, Centuria’s Unlisted Property team has achieved six funds in the top 10 in the unlisted retail property sector’s leading index.

Once again Centuria has taken the top honours in the recently released September 2018 quarter, with five of Centuria’s funds taking the first five places based on total return performance for the 12 months to September 20181:

  • 1st: Centuria 203 Pacific Highway Fund
  • 2nd: Centuria Havelock House Fund
  • 3rd: Centuria 8 Central Avenue Fund 2
  • 4th: Centuria ATP Fund
  • 5th: Centuria 8 Central Avenue Fund
  • 7th: Centuria 2 Wentworth St Fund

The Property Council of Australia/IPD Australia Unlisted Core Retail Property Fund Index measures net asset value2 total returns for core unlisted retail funds within the index in the Australian market. Participants include Centuria Property Funds, Charter Hall Group, Australian Unity, Cromwell Property Group, CorVal Partners and Folkestone Funds Management.

The index takes account of the performance of the properties held within the unlisted fund structure, together with the impacts of non-property assets, cash holdings, debt, and fees, to produce an overall investment return. They are produced to help the real estate investment sector raise its information, reporting and transparency standards to the level of the mainstream exchange traded asset classes.

For the September 2018 quarter, the index included 27 funds totaling $5.7 billion in gross asset value.

Unlisted property funds provide investors the opportunity to pool their capital to invest in commercial, retail or industrial properties, which may otherwise require too much capital to invest in directly. They generally provide monthly or quarterly income with the potential for capital upside and may be suit as a mid-term investment, with funds locked up for between five to seven years.

The PCA/IPD Unlisted Core Retail Property Fund index is the only index in Australia that measures performance of unlisted retail property funds. They are produced by MSCI, a world leader in index measures with one of the most extensive private real estate databases in the world.

Download the IPD Australia Unlisted Core Retail Property Fund Indexes:

Annualised total return is calculated by Centuria Property Funds Ltd (ABN 11 086 553 639, AFSL 231149) as responsible entity/trustee since 1998 and includes capital gains as well as distributions. Each fund managed by Centuria Property Funds will have different characteristics, properties and risk and should be assessed by an investor independently. None of the Centuria funds listed in this media release are open to investment and should not be relied on by investors when making a decision to invest in any of Centuria’s open funds. Investors should rely on information in a product disclosure statement of any fund open for investment.

1 Past performance is not indicative of future performance.
2 Net of fees.