Join our daily newsletter At The Bell to receive exclusive market insights
- Investment managers, Centuria’s portfolio is valued at $1.4 billion
- The multi-national portfolio contains 20 office assets across WA, QLD, VIC, SA, NSW and ACT
- The company’s book value increase over 30 per cent between the 2018 and 2019 financial years
- Centuria’s share price is down 0.78 per cent today, sitting at $1.92 per share at today’s market close
Investment managers Centuria’s portfolio has reached $1.4 billion in value.
The Australian based portfolio contains 20 office assets with an average age of 15.9 years.
According to the company, its real estate investment trust, the pure-play office is the largest in the nation that’s listed on the ASX.
The company refinanced its debt leading into the 2020 financial year, with all four major banks coming on as a lender. Debt is expected to be paid within four years.
Centuria increased its book value over 30 per cent between the 2018 and 2019 financial years. Portfolio occupancy sits at 98.4 per cent.
Over 70 per cent of the company’s portfolio income is derived from tenants that are ASX listed, in Government sectors and multinational.
The company has properties in Western Australia, Queensland, South Australia, Victoria, New South Wales and the Australian Capital Territory.
Centuria’s share price is down 0.78 per cent today, sitting at $1.92 per share at today’s market close.
