APN Industria REIT is pleased to announce its results for the half-year ended 31 December 2019.

Key highlights

• 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:

HY2020 Results Announcement

HY2020 Results Presentation

HY2020 Financial Report and Appendix 4D

For further information, please visit our website or contact 1800 996 456.

This article has been prepared by APN Funds Management Limited (ACN 080 674 479, AFSL No. 237500) for general information purposes only and without taking your objectives, financial situation or needs into account. You should consider these matters and read the product disclosure statement (PDS) for each of the funds described in this article in its entirety before you make an investment decision. The PDS contains important information about risks, costs and fees associated with an investment in the relevant fund. For a copy of the PDS and more details about a fund and its performance click here. To receive further updates and insights from the APN team, sign up for Review, our monthly email newsletter.

1. FFO per security reflects the issuance of new securities during the period.