29 October 2020
Welcome to our Spring 2020 Newsletter
Welcome to the second edition of our video-style newsletter.
In this edition, John provides an update on the completed Augusta takeover, our GICS reclassification and our strategy to become a Top 3 Australian real estate funds manager. Jason elaborates on the industrial, healthcare and decentralised office funds’ performance throughout Q1 FY21. Ross explains how Centuria has paid $220m in distributions to our investors throughout FY20.
There are also updates about our unlisted funds’ performance, Townsville DC opening and our investment bonds products.
We know you’d rather watch the movie than read the book, so each ‘article’ is no longer than 2-3min in viewing time.
We always love hearing feedback from our stakeholders so feel free to drop us a line at email@example.com.
John McBain & Jason Huljich
Throughout the past quarter, Centuria has hit the headlines with our strong Year End results, the completion of our full Augusta Capital takeover, and reclassified Centuria Capital’s Global Industry Code to Diversified REIT. We are one of the few Australian property fund managers providing guidance for the FY21 year. We are focused on building a leading Australasian property fund platform.
FY21 has started with securing a very impressive total of c. $700 million in direct real estate. This includes the seed assets for our newest fund, the open-ended, unlisted Centuria Healthcare Property Fund (CHPF)*. In New Zealand, the Augusta Property Fund secured a $55m medical centre and the NZX-listed Asset Plus completed a $60m fundraising for the development of Auckland Council’s new HQ. All Centuria funds have continued to distribute throughout the COVID-19 period.
*CHPF will temporarily not be accepting new applications effective 2.00pm 30 September 2020 until further notice.
$220m paid to Centuria Investors in FY20
Centuria Capital paid more than $220 million in distributions to our investors throughout FY20. Quite an achievement in today’s volatile income environment. These were distributions for both our listed and unlisted property fund investors. Centuria Industrial REIT (ASX: CIP) paid $65.2 million, Centuria Office REIT (ASX: COF) paid $84.4 million, our office-led unlisted funds paid $53.4 million and our healthcare real estate funds, paid $20.1 million.
Centuria Continues MSCI/PCA Top 10
For the past 16 consecutive quarters, Centuria’s funds have featured in the Top 10 MSCI/ PCA’s Australia Unlisted Retail Quarterly Property Fund Index – a league table for the best performing unlisted property vehicles across Australia that participate in the index*. Unlisted funds managers, Stuart Wilton and Doug Hoskin, explain the fundamentals underpinning the high ranking Centuria ATP Fund and Centuria 8 Central Avenue Fund No. 2.
*Past performance is not a reliable indicator of future performance.
Enhanced Townsville DC Opening
QLD General Manager, David McGuigan attended Centuria Industrial REITs’ (ASX: CIP) newly enhanced Townsville Regional Distribution Centre opening, which was attended by sole tenant, Woolworths Group, Mayor of Townsville Cr Jenny Hill and Federal Member for Herbert Phillip Thompson OAM MP.
Chief Executive Musings
The Value of Sale-and-Leaseback
Metro Market Magic
Real Estate that Remains in Good Health