Centro Retail Trust

Overview


Centro Retail Trust (“CER”) is an Australian Securities Exchange (“ASX”) Listed Property Trust managed by Centro Properties Group (“Centro”).

Listed in August 2005, CER offers investors an income return with exposure to quality Australian, New Zealand and US shopping centres. CER's portfolio is valued at $8.31 billion.

Centro Retail's investment philosophy is to provide investors with access to pure retail property ownership.

Key CER Statistics

Jun 08

Jun 07

Total Property Assets
$8.3b1
$5.3b2
Number of Centres
452
228
Operating Distributable Profit for FY08
$256.0m
$85.5m
FY08 Distributions Per Security (cents)
1.40
12.70
FY09 Forecast Distributions Per Security (cents)
Undeclared
n/a
FY08 Tax Advantaged
24%
100%
Net Tangible Assets Per Security
$1.27
$1.90
Look Through Gearing3
64.3%
58.5% 

Based on an AUD/USD spot exchange rate of 0.9626
Based on applicable hedged rate
3 Reflects the ratio of net borrowings to total assets adjusted for relevant borrowings of equity accounted investments

The target gearing of CER is less than 60% (on balance sheet). In its management of CER, the Responsible Entity intends to focus on consistent growth in distributions by means of its intensive retail property and development management focus and capital management.

Gearing Ratio
Policy
30 Jun 2008
31 Dec 2007
30 Jun  2007
Look Through Gearing1
50 - 65%
64.3%
59.0%
58.5%

1Reflects the ratio of net borrowings to total assets adjusted for relevant borrowings of equity accounted investments

 

Date Title Size
17 Nov 2008 Centro Retail Trust - September Quarter 2008 Portfolio Results pdf 38k
17 Nov 2008 Centro Retail Trust September Qtr 08 Portfolio and Sales Results pdf 38k
28 Oct 2008 Centro Retail Trust - Notice of Annual General Meetings 2008 pdf 364k
20 Oct 2008 Initial Directors Interest Notice - Avin Lieberman pdf 24k
17 Oct 2008 Centro Retail Trust - Appointment of Non-executive Director Avin Lieberman to CER Board pdf 25k

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