Provincia is an industrial property fund with a diverse investment portfolio of properties. The quality of its properties, benefits of its open-ended PIE fund, and a strong historical total return of 15.0% (average for 2019 – 2022) sets the fund apart. Provincia operate as a single diversified fund and the management team are all investors as well. With this, the right incentives are in place to drive future performance.

Provincia invests in quality mid-sized ($5-10 million) industrial properties located in growth areas that have sound economics. Its properties are located in areas with some of the lowest vacancy rates in the country. When tenants move on, Provincia can replace them very quickly. Also during economic downturns, shops may close down and offices may cut back, but factories and warehouses just keep running. For further information, refer to our Investment Statement and Quarterly Reports available on the Documents tab.

Forecast Returns

Provincia is forecasting a Total Return of 15.2%, for the 2023 financial year ending March 31 2023. Which is the sum of the forecast fair value gain of 11.6% and the forecast pre-tax cash return of 3.6%. (5.5 cents per share) The forecast returns are based on the discounted share price of $1.51.

*Please note the seller will forfeit one month’s dividend on the shares listed on the secondary market in the month that the trade settles, irrespective of the settlement date of the trade in that month. This means that the buyer will receive a full month’s dividend and PIE tax allocation if the buyer owns the shares on the last day of the month.