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 Results Announcement

HY2021 Results Presentation

HY2021 Financial Report and Appendix 4D

To listen to the full briefing, use the player below or to download click here

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.