Key Highlights Terms agreed for leasing deals over 37,015sqm across six transactions, 12.7% of portfolio leased FY19 YTD 0.2% lease expiry remaining in FY19, FY20 reduced to 9.8% WALE at 4.5 years , occupancy 97.3% Acquisition of 16-18 Baile Rd, Canning Vale for $18.1m CIP advised that the portfolio remains well positioned with a WALE of 4.5 years and occupancy of 97.3%. Leasing through the quarter has resulted in the portfolio’s FY19 expiry profile reducing to just 0.2% while all expiries within the period were either renewed or leased with no downtime. The portfolio’s FY20 expiry profile has now reduced to 9.8% with 76% of these expiries located in strong performing Sydney and Melbourne markets. Significant leases agreed in the quarter include: 103 Stirling Street, Hazlemere, WA (6,608sqm): Terms agreed for a three year renewal to Actionblast. The asset was purchased in December 2018, with a 1.6 year WALE2 . The terms agreed increase asset WALE to 4.3years 69 Studley Court, Derrimut, VIC (14,365sqm): Renewal to Silk Logistics across 100% of the property, extending the lease expiry to FY21. CIP completed the acquisition of 16-18 Baile Rd, Canning Vale, WA for $18.1m, reflecting an initial yield of 7.0%. The 11,067sqm facility is leased to DHL and represents a high quality, modern logistics warehouse in one of Perth’s core industrial markets. CIP elected to underwrite its Distribution Re-investment Plan for March 2019, raising $12.3m. Proceeds will be utilised to reduce debt following the acquisition of 16-18 Baile Rd, Canning Vale. CIP confirms its FY19 distributable earnings guidance of 18.5-19.0 cents per unit, with distributions of 18.4 cents per unit. CIP Trading Chart vs ASX200 AREIT Blue – CIP, Purple ASX200 AREIT #Centuria
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