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Centuria’s unlisted retail property funds maintain the edge

For the ninth quarter in a row, Centuria’s Unlisted Property team has achieved six funds in the top 10 in the Australian unlisted retail property sector’s leading index.

Once again Centuria has taken the top honours in the recently released March 2019 quarter, with Centuria funds taking five of the top six places based on total return performance for the 12 months to 31 March 20191:

  • 1st: Centuria Zenith Fund
  • 2nd: Centuria 203 Pacific Highway Fund
  • 4th: Centuria 8 Central Avenue Fund 2
  • 5th: Centuria 2 Wentworth St Fund
  • 6th: Centuria 8 Central Avenue Fund
  • 9th: Centuria ATP Fund

The Property Council of Australia/MSCI Australia Unlisted Retail Quarterly Property Fund Index (Unfrozen) measures net asset value2 total returns for core unlisted retail funds within the index in the Australian market. Participants include Centuria Property Funds, Charter Hall Group, Australian Unity and Cromwell Property Group.

The index takes account of the performance of the properties held within the unlisted fund structure, together with the impacts of non-property assets, cash holdings, debt, and fees, to produce an overall investment return. They are produced to help the real estate investment sector raise its information, reporting and transparency standards to the level of the mainstream exchange traded asset classes.

For the March 2019 quarter, the index included 29 funds totalling $6.96 billion in gross asset value.

Unlisted property funds provide investors the opportunity to pool their capital to invest in commercial, retail or industrial properties, which may otherwise require too much capital to invest in directly. They generally provide monthly or quarterly income with the potential for capital upside and may be suit as a mid-term investment, with funds locked up for between five to seven years.

The PCA/MSCI Australia Unlisted Retail Quarterly Property Fund Index (Unfrozen) is the only index in Australia that measures performance of unlisted retail property funds. They are produced by MSCI, a world leader in index measures with one of the most extensive private real estate databases in the world.

Download the IPD Australia Unlisted Core Retail Property Fund Indexes :

Annualised total return for Centuria’s funds are calculated by Centuria Property Funds Ltd (ABN 11 086 553 639, AFSL 231149) as responsible entity/trustee since 1998 and includes net asset value as well as distributions. Each fund managed by Centuria Property Funds will have different characteristics, properties and risk and should be assessed by an investor independently. None of the Centuria funds listed in this media release are open to investment and should not be relied on by investors when making a decision to invest in any of Centuria’s open funds. Investors should rely on information in a product disclosure statement of any fund open for investment.

1 Past performance is not a reliable indicator of future performance.
2 Net of fees.