Core Property has reaffirmed the rating for the Centuria Agriculture Fund as RECOMMENDED.
The Fund invests in agricultural property assets in the protected cropping sector with a focus on long WALE and strong lease covenants. The current portfolio consists of 5 large scale, high quality glasshouses with a strong acquisition pipeline planned by the Manager in FY25.
Since the Fund was launched in 2022 it has steadily increased distributions from 5.25 cents per unit to a targeted 6.00 cents per unit for FY25.
The Fund is open ended with daily unit pricing and is available to investors via a PDS or investment platforms with a minimum investment of $10,000.
The Fund is managed by Centuria Property Funds Limited, part of Centuria Capital Limited (ASX: CNI) an ASX-listed property fund manager with over $20 billion of assets under management.