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 properties 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 $4.8 billion of funds under management in 15 unlisted property funds, one open-ended diversified property fund and two listed REITs.

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 31 December 2018

  • 41 high quality assets
  • $1.2bn Portfolio value
  • Portfolio occupancy – 97.1%1
  • Portfolio Weighted Average Lease Expiry (WALE) – 4.7 years1
  • Market Capitalisation – $731m2
  • Gearing – 37.0%3
  • Return on equity – 15.8%4
  • 12 month total return – 16.1%5

About the Manager

Centuria Property Funds No.2 Limited (CPF2L), a wholly-owned subsidiary of Centuria Capital Group (CNI), is the responsible entity of the Centuria Industrial REIT (CIP).

1 By income. Assumes 12 month rental guarantee for Cargo Business Park, 1 International Drive, Westmeadows, VIC
2 Based on CIP closing price of $2.74 on 31 December 2018
3 Gearing is as total borrowings less cash divided by total assets less cash and goodwill
4 Return on equity calculated as (closing NTA minus opening NTA plus distributions) divided by opening NTA
5 Source: Moelis Australia