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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