Company News Summary | 06 Feb 2019

Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified

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

10:59:00 | Associate analysts

Original annuncemenet: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.

This report appeared on 2019 Morningstar Australasia Pty Limited

© Copyright 2019 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at FSG or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information

DISCLOSURE: Employees may have an interest in the securities discussed in this report.