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CENTURIA INDUSTRIAL REIT — Capital/Financing Update 2012
Dec 11, 2012
64654_rns_2012-12-11_c7153495-b9e3-44d7-98bb-729c9b9f6824.pdf
Capital/Financing Update
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ASX Release | Media Release
360 Capital Industrial Fund
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10 December 2012
RECONCILIATION OF NON-CASH ITEMS
Below is the reconciliation of non-cash items prepared to facilitate the listing of the 360 Capital Industrial Fund on the ASX (as per page 30 of the Information Memorandum). The non-cash adjustment was not subject to the audit conducted by Ernst & Young of the financial report for the year ended 30 June 2012.
| $M | |
|---|---|
| Net (loss)/profit for the year ending 30 June 2012 | (11.2) |
| Non-cash adjustments: | |
| Rent straight lining adjustment | (0.8) |
| Amortisation – leasing fees and incentives | 0.5 |
| Amortisation – borrowing costs | 0.1 |
| Performance fees/exit fees | 3.4 |
| Fair value adjustment – property valuation | 10.1 |
| Fair value adjustment – financial instruments | 5.9 |
| Profit/(loss) on sale of properties | 0.5 |
| One-off restructuring costs | 1.2 |
| Total non-cash adjustments | 20.9 |
| Net Operating Profit for the year ending 30 June 2012 | 9.7 |
| For more information, please contact: | |
|---|---|
| Investor and Media Enquiries | |
| Tony Pitt | Tim Spencer |
| Managing Director | Head of Investor Relations |
| 360 Capital Property Group | 360 Capital Property Group |
| +61 2 8405 8860 | +61 2 8405 8872 |
About 360 Capital
360 Capital is a property investment and funds management group concentrating on strategic investment and active investment management of property assets. The company was formed in 2006 and has been actively investing in direct property assets, property securities and various corporate real estate acquisitions within Australian real estate markets on a private equity basis. The company’s 15 full time staff located in Sydney have significant property, funds and investment management experience. As at 30 June 2012, 360 Capital managed 11 investment vehicles holding assets valued at more than $865 million on behalf of over 9,000 investors
T +61 2 8405 8860 | Fax +61 2 9238 0354 | E [email protected] | W www.360capital.com.au
Level 8, 56 Pitt Street Sydney NSW 2000 | GPO Box 5483, Sydney NSW 2001 Australia
360 Capital RE Limited ABN 62 090 939 192 AFSL 223 739 As responsible entity of the 360 Capital Industrial Fund ARSN 099 680 252