Company News Summary | 13 Oct 2021

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Centuria Industrial REIT Provides Q1 FY 2022 Operating Update

09:55:00 | Associate analysts

Original annuncemenet:Q1 FY22 Operating Update

Centuria Industrial REIT provided its Q1 FY 2022 update. It reported during Q1 FY 2022, 62,258sqm of lease terms were agreed across seven deals, representing 5.0% of the portfolio. Portfolio occupancy increased to 97.4% with a WALE of 9.0 years as at 30 September 2021. The Company intends to provide a further update on portfolio and value-add leasing shortly. The Company successfully secured a $300m fully underwritten institutional placement in September 2021 and is currently implementing a non-underwritten Unit Purchase Plan (UPP), which is expected to raise up to $25m.

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