Rob Morrison - Ingenia Communities Group | LinkedIn (original) (raw)
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Rob is a founding partner and Head of Property for Barwon Investment Partners, a…
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- Custodian Property Income REIT plc Custodian Property Income REIT today provides a trading update for the quarter ended 31 March 2024, with continued strong leasing activity supporting rental growth and underpinning higher fully-covered dividends. On announcing the 9% increase in the prospective target rate of annual dividend per share from 5.5p to 6.0p and a special dividend which increased the FY24 dividend from 5.5p to 5.8p, David MacLellan, Chairman of Custodian Property Income REIT, said: “These dividend increases, which are expected to be fully covered by net rental income, reflect the improving earnings characteristics of the Company’s portfolio with recent asset management initiatives and the disposal of vacant properties increasing occupancy and crystallising rental growth. Our Investment Manager continues to control costs tightly, while the Company’s substantially fixed-rate debt profile is keeping borrowing costs below the current market rate. “The Board’s objective is, as previously stated, to continue to grow the dividend on a sustainable basis, at a rate which is fully covered by net rental income and does not inhibit the flexibility of the Company’s investment strategy.” Find out more here: https://lnkd.in/ebG4f7Sp #realestate #investment
- The INDUSTRIALIST Centuria Industrial REIT growth bolstered by infill industrial market tailwinds Australia’s largest listed pure-play industrial fund, Centuria Industrial REIT (ASX: CIP), has continued to harness strong tailwinds within urban infill “last mile” industrial markets, achieving average re-leasing spreads of 43%1 across 301,583sqm of leasing2 throughout FY24. The strong leasing success was achieved across 39 transactions and eclipses the re-leasing spreads secured in FY23 (30%) and FY22 (11%) due to sustained low vacancy levels and persistent tenant demand for high-quality urban infill industrial space. CIP’s portfolio has an 84% weighting9 to Australian infill industrial markets. Grant Nichols CIP Fund Manager and Centuria Head of Listed Funds, said, “With a portfolio focused on urban infill industrial markets, CIP continued to capitalise on strong market tailwinds to deliver exceptional re-leasing spreads. Jesse Curtis Centuria Head of Funds Management, said, “The domestic industrial real estate market continues to exhibit strong tailwinds driven by rising ecommerce adoption, a growing population, and a trend towards onshoring supply chains in the wake of global supply chain uncertainty. CIP has established a portfolio that capitalises on these trends to the benefit of its unitholders.” Grant Nichols, concluded, “Looking ahead, strong sector tailwinds such as ecommerce adoption, onshoring of production and assembly, data centre growth and increased demand for cold storage will continue to benefit Australian industrial markets, particularly infill industrial markets where there is the greatest tenant demand. Read more on The INDUSTRIALIST > https://lnkd.in/gPYr5euP Centuria Capital Group Amanda Swan Michael Ching Tim Au-Yeung Jason Huljich David McGuigan Nick Hunt Nick Gaston Alexandre Bao Charlie Robertson Stuart Wilton Ben Young Dion Dimasi Jeremy Drake COMMO #centuria #CIP #industrialrealestate #industrialproperty #realestate #australianrealestate #REIT #industrialleasing #industrialland #industrialdevelopment #realestateinvestment
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