Fund Overview

About Centuria Metropolitan REIT*

The ASX-listed Centuria Metropolitan REIT (ASX: CMA) is Australia’s largest ASX-listed metropolitan office REIT and is included in the S&P/ASX 300 Index. CMA owns a portfolio of 20 properties located in key metropolitan areas around Australia including Sydney, Melbourne, Brisbane, Canberra, Perth and Adelaide.

Investment Objectives

CMA owns a portfolio of quality metropolitan 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 provide investors predictability and stability of income through strong portfolio occupancy and weighted average lease expiry profile. Distributions to securityholders are paid quarterly.

Key fund metrics as at 31 December 2018

  • Return on Equity 10.9%1
  • 20 high quality assets2
  • Market Capitalisation – $844m3
  • Portfolio value $1.4b2
  • Portfolio occupancy – 98.8%4
  • Portfolio Weighted Average Lease Expiry (WALE) – 4.3 years5
  • 35.3% Gearing6
  • 8.2% 12 month total return7

About the Manager

Centuria Property Funds Limited (CPFL) is the responsible entity of the Centuria Metropolitan REIT (CMA) . Centuria Property Funds holds Australian Financial Services Licence (AFSL231149). CPFL is a wholly-owned subsidiary of Centuria Capital Group (CNI).

1 Return on equity calculated as (closing NTA minus opening NTA plus distributions) divided by opening NTA
2 Excludes 13 Ferndell St, Granville, NSW (settled on 31 January 2019)
3 Based on CMA closing price of $2.37 on 31 December 2018
4 By area
5 By gross income
6 Gearing is defined as total borrowings less cash divided by total assets less cash and goodwill
7 Source: Moelis Australia. Based on movement in security price from ASX opening on 1 January 2018 to ASX closing on 31 December 2018 plus distributions per security paid during the respective period(s) assuming re-investment of distributions