The A-REIT’s weighted average lease expiry is currently sitting at 4.9 years, and the fund's balance sheet gearing is sitting at 30.8 per cent.
The managers of CDI took the opportunity to refinance the A-REIT’s entire $300 million debt facility in June 2013.
CDI fund manager Trevor Hardie told InvestorDaily the fund was well placed in a weak leasing market, since only 2.8 per cent of the portfolio’s leases are set to expire this year.
“CDI’s strategy remains unchanged, with a focus on portfolio enhancement; improving leasing metrics; and taking an active approach to capital management,” said Mr Hardie.
“Normalised earnings per unit guidance is 22.3 cents and distribution per unit guidance is 18.5 cents, both representing a four per cent increase on FY13,” he added.
