Reporting Today – Centuria RIETs Half Yearly
The two listed real estate trusts managed by the Centuria Group (ASX:CNI) reported their first half numbers this morning, coming in largely inline with expectations. Centuria Industrial REIT (CIP) +0.82% half yearly results reaffirming FY20 guidance of FFO/share of between 19.6cps and 19.9cps with a dividend of 18.7cps. NTA increased 3.7% to $2.83/share. Occupancy was flat at 95.8% while the WALE increased from 4.3 years to 7.1 years. Centuria Metropolitan REIT (CMA) +0.68% half yearly results reaffirming FY20 guidance of FFO/share of 19.0cps with a dividend of 17.8cps. NTA increased 3.2% to $2.57/share. Occupancy up from 98.5% to 99.2% while the WALE increased from 3.9 years to 5.1 years. The results kick off a keenly watched reporting season showing a continuation of the strong real estate performance the market has come to expect over the last few years.
