Centuria Industrial REIT Declares Distribution for the Quarter Ended December 31, 2019, Payable on 24 January 2020; Confirms Distributable Earnings Guidance for the Year Ending 30 June 2020; Provides Distribution Guidance for the Year Ending 30 June 2020
The company confirmed distributable earnings guidance for the year ending 30 June 2020 is expected to be in the range of 19.6 cents per unit to 19.9 cents per unit. The company reconfirm CIP's fiscal year 2020 funds from operation guidance of $0.196 to $0.199 per unit, reflecting growth of 2% to 3% over fiscal year 2019 and distributable earnings of $0.187 per unit.
The distribution guidance for the year ending 30 June 2020 is 18.7 cents per unit which will be paid in equal quarterly instalments.