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CENTURIA OFFICE REIT — Earnings Release 2016
Aug 8, 2016
64683_rns_2016-08-08_f3bca706-0aca-44d5-8a25-9baeb9ecc8d9.pdf
Earnings Release
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Centuria Metropolitan REIT Appendix 4E
Appendix 4E
CENTURIA METROPOLITAN REIT
For the year ended 30 June 2016
| For the year ended 30 June 2016 | |||
|---|---|---|---|
| 1.0 Reporting Period: Current reporting period: Previous reporting period: |
12 Months to 30 June 12 Months to 30 June |
2016 2015 |
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| 2.0 Results for announcement to the market 2.1 Total Revenue and other income 2.2 Distributable earnings(i) 2.3 Net profit for the period attributable to members (i) Distributable earnings is a financial measure which is not prescribed by Australian Accounting Standards ("AAS") and represents the profit under AAS adjusted for specific non-cash and significant items. The Directors consider that distributable earnings reflect the core earnings of the Fund. A reconciliation of statutory net profit to distributable earnings is included in the Directors' report of the 2015 Annual Financial Report. |
30 June 16 $'000 |
30 June 15 $'000 |
% Change 224.70% 126.86% 401.44% |
| 62,859 21,955 44,785 |
19,359 9,678 8,931 |
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| 2.4 Distributions Distribution declared for the September 2015 Quarter Distribution declared for the December 2015 Quarter Distribution declared for the March 2016 Quarter Distribution declared for the June 2016 Quarter |
Amount per unit |
Record date 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 |
|
| 4.25 cents 4.25 cents 4.25 cents 4.25 cents |
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| 2.5 Record date for determining entitlement to distributions |
Refer section 2.4 | ||
| 2.6 For a brief explanation of the figures above please refer to the 2016 Annual Financial Report released concurrently with this Appendix 4E for further information. |
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| 3.0 The consolidated statement of comprehensive income is attached together with notes, to this statement. |
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| 4.0 The consolidated statement of financial position is attached together with notes, to this statement. |
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| 5.0 The consolidated statement of cash flows is attached together with notes, to this statement. |
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| 6.0 The consolidated statement of changes in equity is attached together with notes, to this statement. |
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| 7.0 Details of individual & total distribution payments Distribution declared for the September 2015 Quarter Distribution declared for the December 2015 Quarter Distribution declared for the March 2016 Quarter Distribution declared for the June 2016 Quarter |
Date Paid | Amount per unit |
Foreign Source Income n/a n/a n/a n/a |
| 11-Nov-15 12-Feb-16 12-May-16 12-Aug-16 |
4.25 cents 4.25 cents 4.25 cents 4.25 cents |
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| 8.0 The Distribution Reinvestment Plan ("DRP") was made available for the distribution for the quarter ended 30 June 2015. The last date for receipt of an election notice for participation in the DRP was 1 July 2015. Subject to the rules of the DRP, the issue price is the arithmetic average of the daily volume weighted average price of CMA stapled securities traded on the Australian Securities Exchange ("ASX") for the period of 10 consecutive business days from and including the third ASX Trading Day after 30 June 2015, less a discount of 1%. Stapled securities issued under the DRP rank equally with all other stapled securities on issue. The DRP was suspended for the September 2015, December 2015, March 2016 and June 2016 quarter distributions. |
8.0 The Distribution Reinvestment Plan ("DRP") was made available for the distribution for the quarter ended 30 June 2015. The last date for receipt of an election notice for participation in the DRP was 1 July 2015. Subject to the rules of the DRP, the issue price is the arithmetic average of the daily volume weighted average price of CMA stapled securities traded on the Australian Securities Exchange ("ASX") for the period of 10 consecutive business days from and including the third ASX Trading Day after 30 June 2015, less a discount of 1%. Stapled securities issued under the DRP rank equally with all other stapled securities on issue. The DRP was suspended for the September 2015, December 2015, March 2016 and June 2016 quarter distributions.
Centuria Metropolitan REIT Appendix 4E
| 9.0 Net Tangible Asset per Stapled Security Number of Stapled Securities Net Tangible Assets Net Tangible Assets per Stapled Security |
30 June 2016 | 30 June 2015 119,167,316 235,256,360 $1.97 |
|
|---|---|---|---|
| 119,407,764 260,142,000 $2.18 |
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| 10.0 Details of entities over which control has been gained or lost during the period |
Not applicable | ||
| 11.0 Details of associates and joint venture entities |
Not applicable | ||
| 12.0 Any other significant information needed to make an informed assessment of the entity's financial performance and financial position are included elsewhere in this Appendix 4E or is in the 30 June 2016 Annual Financial Report. |
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| 13.0 Foreign Entities accounting standards used |
Not applicable | ||
| 14.0 A commentary on the results for the period, as well as a for the corresponding previous period, are included in the 2016 Annual Financial Report released concurrently with this Appendix 4E. |
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| 15.0 The 2016 Annual Financial Report has been audited and contains an independent audit report that is not subject to a modified opinion, emphasis of matter or any other matter paragraph. |
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