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 $3.7 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 30 June 2018

  • 37 high quality assets
  • $1.0bn Portfolio value
  • Portfolio occupancy – 94.5%1
  • Portfolio Weighted Average Lease Expiry (WALE) – 5.1 years1
  • Market Capitalisation – $638m2
  • Gearing – 38.4%3
  • Return on equity – 17.2%4
  • 12 month total return – 12.3%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, excludes 39-45 Wedgewood Drive, Hallam, VIC, settled on 13 July 2018
2 Based on CIP closing price of $2.57 on 29 June 2018
3 Gearing is defined as total borrowings less cash divided by total assets less cash and goodwill. Pro-forma gearing adjusted for the sale of 39-45 Wedgewood Drive, Hallam, VIC is 37.8%. Property exchanged in FY18 and settled on 13 July 2018
4 Return on equity calculated as (closing NTA minus opening NTA plus distributions) divided by opening NTA
5 Source: Moelis Australia