Listed property funds (A-REITs)

An Australian real estate investment trust (A-REIT), or listed property fund, is a unitised portfolio of property assets, listed on the Australian Securities Exchange (ASX). Investors are issued units that can be traded on the ASX through a stockbroker. The assets of a listed property fund can include commercial office buildings, industrial properties, retail shopping centres, hotels and/or leisure venues. In addition to different types of real estate, property funds may offer diversification through owning assets in different geographic locations.

The benefits of listed property funds (REITs) are that they have the potential to provide investors with returns in the form of capital gains and regular distribution income. They also enable investors to gain exposure to the commercial property market without the requirement to manage the properties themselves.

Some factors to consider when investing in listed property funds include, but aren’t limited to, share market volatility, property valuation metrics, balance sheet fundamentals, cash flow sustainability, tenant demand and supply fundamentals, gearing and interest cover ratios of the fund. You also need to understand the individual properties held by the fund and their characteristics.

Centuria has two listed property funds that are both included in the S&P/ASX 300 index: Centuria Industrial REIT (ASX: CIP) and Centuria Metropolitan REIT (ASX: CMA).

Centuria Industrial REIT is Australia’s largest ASX listed income focused industrial investment vehicle and owns a diversified portfolio of quality industrial real estate assets located in key metropolitan regions throughout Australia.

Centuria Metropolitan REIT is Australia’s largest ASX listed metropolitan office REIT and owns a portfolio of high-quality metropolitan office assets and industrial assets. The properties are located in core metropolitan submarkets throughout Australia. CMA is assessing opportunities to divest of its two remaining non-core industrial assets, which would result in a pure-play office REIT.


buildings

Centuria Metropolitan REIT

Australia’s largest ASX-listed
metropolitan office REIT

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Industrial

Centuria Industrial REIT

Australia’s largest ASX-listed
income focused industrial investment vehicle


Centuria Listed Property News

Appointment of Centuria Metropolitan REIT Fund Manager

6 December 2018
Centuria Property Funds Limited (CPFL) is pleased to announce the appointment of Mr Grant Nichols as Fund Manager of Centuria Metropolitan REIT (CMA). Mr Nichols brings over 16 years of experience across real estate and funds management with a deep track record particularly focused on commercial real estate. Most recently, Mr Nichols was Fund ManagerRead More
CIP Hazelmere acquisitions

Centuria wraps up successful year with strategic acquisitions

Centuria Capital Group has grown from $4.6 billion AUM to $5.5 billion1 since 31 December 2017 Centuria Capital Group (Centuria) today announced that Centuria Industrial REIT (CIP) has added two industrial properties to its portfolio. The properties were purchased for a combined total of $54.4 million (excluding costs), with $51 million of the purchase priceRead More
Cargo Park Victoria

CIP Acquires Cargo Park, 1 International Drive, Westmeadows, VIC

15 October 2018
Centuria Industrial REIT (CIP), has acquired a $42.0m1 property at Cargo Park, 1 International Drive, Westmeadows, VIC. The property is strategically located in immediate proximity to Melbourne Airport and is considered the pre-eminent unit estate servicing the precinct. The property is a 25,866sqm multi-tenanted industrial estate located on a prominent 5.6ha freehold site with significantRead More
818 Bourke St Docklands

CNI platform acquires $645 million Hines office portfolio

10 October 2018
Centuria Metropolitan REIT (CMA) and the Lederer Group have entered into agreements to acquire $645 million of four high quality office assets from a subsidiary of Hines Global REIT, Inc. CMA will acquire three assets (818 Bourke Street, Melbourne, 825 Ann Street and 100 Brookes Street, Fortitude Valley, Brisbane) and a 25% interest in 465Read More
818 Bourke St Docklands

CMA to buy $520.9m portfolio from Hines Global REIT

10 October 2018
Australia’s largest ASX-listed metropolitan office REIT set to buy four major properties in Australia’s second largest commercial property transaction of the year Centuria Property Funds Limited (CPFL) as Responsible Entity of Centuria Metropolitan REIT (ASX: CMA) today announced that CMA has entered into unconditional agreements to acquire three office properties, and a 25% interest inRead More

Centuria Industrial REIT FY18 results

21 August 2018
Acquisition, leasing success drives 95% profit growth, 17% ROE1 Positive portfolio revaluation and strategic acquisitions result in transformational year as demand for Australian industrial property increases Centuria Property Funds No. 2 Limited (CPF2L) as Responsible Entity of Centuria Industrial REIT (ASX: CIP) today announced full-year financial results to 30 June 2018, topping off a yearRead More