The $400 million Industria REIT has booked a big uplift in operating earnings as revenue from its acquisition of the WesTrac facility at Tomago near Newcastle flows into its coffers.
The Melbourne-based trust's net profit for the 2018 first half was $13.8 million, well up on the $8.3 million it recorded in the previous corresponding period.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
