Centuria Industrial REIT Reported 1HY20 Results: In-Line with Guidance

  • Feb 05, 2020 AEDT
  • Team Kalkine

Centuria Industrial REIT (ASX: CIP) has announced financial results for the half year ended 31 December 2019. The company reported statutory profit of $31.5 million. Funds from operations (FFO) stood at $30 million and FFO per unit stood at 9.9 cents, in line with FY20 guidance.

Portfolio Highlights include the following:

  • Leases agreed for more than 63,300sqm, representing 6.8% of the portfolio GLA;
  • Occupancy maintained at 95.8% with WALE increasing substantially to 7.1 years;
  • Portfolio value increased to $1.6 billion;
  • Total acquisitions of about $300 million transform portfolio quality.

At AEST 12:56PM, the stock was trading at $3.650 per share, no change from its previous close.

 

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