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Centuria Industrial REIT Announces Half Year Results For The Period 31 December 2018

06 Feb 2019  |  10:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CIP 1H FY19 Results Announcement

Centuria Industrial REIT announced half year financial results for the period 31 December 2018. During the period, the company settled the acquisition of four high quality properties for a combined $112.3m. It stated Statutory profit of $46.1m, Distributable earnings of $23.3m, Distributable earnings per unit (EPU) of 9.3 cpu and 12 months Return on Equity1 of 15.8%. Further, the firm entered into a new financing arrangements for $210m of debt during the half, including increased facilities of $60m.

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