APN Industria REIT is pleased to announce its results for the half-year ended 31 December 2019.
- Funds From Operations (FFO) up 8.5% to 10.2 cents per security;
- Completed 29 leases across ~7,000 square metres;
- Raised $46.9 million of equity and reduced gearing to 28.8%
- $57.1 million of acquisitions settled at an average cap rate of 7.0% – providing a combination of income security and value-add opportunities
- Committing to carbon neutrality in FY21, in accordance with the Climate Active Standard
- Distribution paid of 8.75 cents per security (2.9% increase); on-track to deliver upgraded FY20 FFO guidance of ~3.5% growth per security
For full details of the results, please click on the following:
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