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

Year of the pig

What should office property investors expect in the Year of the Pig?

28 February 2019
The Australian economy performed well in 2018 – growth accelerated, unemployment fell and construction activity remained strong. It was a busy year for commercial property as well. Beginning with largest ever takeover in corporate Australia – the $33 billion sale of Westfield to global property giant Unibail-Rodamco – the year ended with a major officeRead More

Centuria Metropolitan REIT 1H19 results

7 February 2019
Australia’s largest office-specific REIT continues to improve $1.4bn portfolio Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (ASX: CMA), is pleased to announce CMA’s half year financial results for the period ended 31 December 2018. 1H19 highlights include: Completion of strategic initiatives repositions CMA as Australia’s largest ASX-listed pure play officeRead More

Centuria Industrial REIT 1H19 results

7 February 2019
Strengthening industrial markets drive strong half-year results, says CIP Centuria Property Funds No. 2 Limited (CPFL2), as Responsible Entity of Centuria Industrial REIT (ASX: CIP), is pleased to announce CIP’s half year financial results for the period ended 31 December 2018. 1H19 financial highlights include: 1H19 Statutory profit of $46.1 million Distributable earnings of $23.3Read More

Change in Registry Service Provider

20 December 2018
Please be advised that Centuria is transitioning its registry service provider to Boardroom Pty Limited (BoardRoom) for all investments. The transition follows a comprehensive review of our registry services and tender process. BoardRoom has a 30-year track record in safely managing share registries, offering an efficient, tailored and cost-effective solution, which can deliver an optimalRead More
Newton Rd Wetherill Park NSW Aerial

What’s next in industrial property investment: should you be looking at multi-storey warehousing in Australia?

17 December 2018
By Ross Lees, Fund Manager Centuria Industrial REIT On the face of it, multi-storey warehouses seem to be the perfect solution to the challenges of an industrial sector both constrained by a shortage of land and driven to improve efficiency by a competitive market. And in Asia, this is exactly the response we are seeing:Read More
Jason Huljich video thumbnail Dec18

Property market update with Jason Huljich – December 2018

17 December 2018
Centuria’s Head of Real Estate and Funds Management, Jason Huljich, shares his view on current key property themes and the outlook for commercial and industrial property. What is your role at Centuria Capital? My role at Centuria Capital is Head of Real Estate and Funds Management. So I mainly oversee the $4.6 billion dollars ofRead More