Centuria Industrial Reit shares are increasing in Hy result, Städtische Infill Outlook -Capital Brief

The news: Real estate investor Centuria Industrial Reit reported a strong profit in the first half of USD $ 62.6 million and confirmed its all-year-old Fund of Operations (FFO), which was increased by the demand for industrial plants in the urban infill industries against the background of the limited offer .

The numbers: Centuria's net profit rose by 413%compared to the previous year, while the company reported an FFO in the first half of $ 56.6 million, compared to $ 54.1 million in the previous period. Distribution per unit of 8.1 cents of 8 cents a year ago.

Centuria confirmed its FFO instructions of 17.5 cents per unit and its distribution guidelines of 16.3 cents per unit.

The context: Centuria found that “favorable macroeconomic factors” – including population growth, increasing the E -Commerce introduction and onshoring of offer chains – are promoting the demand for urban industrial plants.

The company said it was well positioned to take the opportunity to use 87% of its portfolio to the urban industrial markets in Australia, which are highest in the highest of the tenants' demand.

Centuria, which also has a 12% portfolio weighting for data centers, which were rented to Blue-Chip tenants Telstra and Fujitsu, currently explained their potential performance bank infiltrated in their existing industrial assets. These could offer the possibility for the future use of the data center, it is said and benefit from the increasing demand for data infrastructure and AI functions.