Centuria Acquires NewActon Nishi Building

  • Dec 10, 2019 AEDT
  • Team Kalkine

Centuria Metropolitan REIT (ASX: CMA) has acquired NewActon Nishi Building at a price of $256 million. It is a high-quality A-grade commercial office property in Canberra.

  • Centuria will also raise $185 million through a fully underwritten institutional placement at an issue price of $3.00 per CMA unit;
  • The pro forma gearing is expected to be 34.8% and the pro forma NTA per unit is expected to increase by 6 cpu to $2.57;
  • The company has given a FFO guidance of 19.0 cents per unit for FY20 and a distribution guidance of 17.8 cpu.

At AEST 01:17PM, the stock was trading at $3.150 per share, no change from previous close.


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