
APN Industria REIT is pleased to announce its results for the half year ended 31 December 2020
Key highlights
Underlying FFO growth supported by resilient cash flow and portfolio expansion
- Funds From Operations (FFO) up $1.5 million (8.2%) to $19.8 million, or 10.0 cents on a per security basis, consistent with the prior period
- Strong cash flow with 99.3% rent collections
- Active management driving value: 25,100 square metres of leasing completed; independent valuations of industrial properties increased by 7.9%, driving $19.0 million of valuation uplifts across the portfolio
- Deployed $108.1 million into high quality industrial assets at an average yield of 6.9%
- Reiterated upgraded guidance of 19.7 – 19.9 cents per security (approximately 2 – 3% growth on FY20)
For full details of the results, please click on the following:
HY2021 Financial Report and Appendix 4D
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