Trilogy Industrial Property Trust
A portfolio positioned for growth and yield with exciting recent acquisitions
- Monthly distribution yield, annualised. Based on 28 February 2026 unit price
- as at 28 February 2026. Distributions are variable. Past performance is not a reliable indicator of future performance.
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Our strategy: disciplined, diversified, and quietly watchful
The Trilogy Industrial Property Trust (the Trust) is designed to build and actively manage a portfolio located in established regional and metropolitan industrial precincts, targeting properties that deliver long‑term cashflows and value‑add potential.
How we execute (in plain English):
- Diversify by location and tenant industry to reduce idiosyncratic risk across the property portfolio.
- Favour long leases with reliable tenants to support steady monthly distributions.
- Actively pursue value‑add strategies through favourable lease negotiations and selective improvements that enhance tenant utility.
- Portfolio settings and debt metrics are monitored with vigilance, seeking resilience across cycles.
Some details of our most recent acquisitions are listed below.
Newly constructed Darwin logistics hub added to national portfolio
December 2025: Deal strengthens footprint in strategic Northern Territory industrial corridor
A new, high-spec, purpose-built logistics facility in Darwin. Fully leased on an eight‑year term with fixed 3.5% annual increases to Tyremax, a major national wholesaler and a tenant with whom Trilogy Funds holds a solid, long-standing relationship. Strategically positioned in the Berrimah Industrial Estate, it strengthens the Trust’s national industrial portfolio. Read more here: The Industrialist
Quiksilver facility acquired from Centuria
September 2024: Centuria Industrial REIT divests, Trilogy Industrial Property Trust expands into Port of Geelong logistics
Australia’s e‑commerce surge is unlocking prime logistics value – and Trilogy Funds is leaning in. As Centuria bought the Quiksilver hub to market, Trilogy Funds moved to harness the asset’s advantageous location within the Port of Geelong, as well as fixed rental growth. Centuria helped spotlight, and Trilogy Funds now builds upon. Read more here: RealCommercial.com.au
Trilogy Funds secures Brendale logistics asset from Charter Hall
May 2024: Value accretive deal, long-term, industry leading tenant
Trilogy Funds acquired the 2.69‑hectare, 18,255sqm facility at 45–53 South Pine Road, Brendale, for $29m from Charter Hall. The asset is leased to Modern Star with ~5.5 years remaining at the time of purchase, adding scale and resilient income to the Trust while enabling the vendor’s capital recycling— a win‑win executed at compelling value. Read more here: May 2024 – Real Estate Source
Portfolio snapshot (as at 28 February 2026)
A diversified property group of 17 industrial assets across 4 states/territories, 100% leased, WALE 4.43 years, GAV ~$326m, with 21 tenants spanning mining, consumer goods, construction, transport/logistics and energy.
Examples of well‑known tenant names in the portfolio include Quiksilver, Komatsu, Downer EDI, Modern Star, and Bega Cheese, highlighting recognisable corporate covenants.
Historical performance
Data provided in the below table is current as at 28 February 2026.
| Historical Performance 3,4 | |||||||
|---|---|---|---|---|---|---|---|
| 1 month | 3 month | 6 month | 1 year | 3 year | 5 year | Inception | |
| Income | 0.56% | 1.69% | 3.43% | 7.05% | 7.14% | 7.14% | 7.51% |
| Growth | 0.47% | 2.22% | 5.00% | 2.89% | (0.08%) | 2.05% | 1.50% |
| Total | 1.03% | 3.91% | 8.43% | 9.94% | 7.06% | 9.19% | 9.01% |
IMPORTANT INFORMATION
Distributions are variable each month, net of management fees, costs and assume no reinvestment. Distributions are paid monthly in arrears. Total return = (Unit pricet – Unit pricet-1 + Distribution per unitt)/ Unit pricet-1
3. Past performance is not a reliable indicator of future performance. Total returns measured from first distribution payment – May 2018.
4. 3-year, 5-year and inception data are reported on a per annum basis.
Industry accolades
This webpage is issued by Trilogy Funds Management Limited ABN 59 080 383 679 AFSL 261425 (Trilogy Funds) as responsible entity for the Trilogy Industrial Property Trust ARSN 623 096 944. Application for investment can only be made on the application form accompanying the Product Disclosure Statement (PDS) dated 3 March 2025. The PDS and Target Market Determination (TMD) dated 11 September 2023 for the Trilogy Industrial Property Trust ARSN 623 096 944 are available at www.trilogyfunds.com.au. The PDS contains full details of the terms and conditions of investment and should be read in full, particularly the risk section, prior to lodging any application or making a further investment. All investments, including those with Trilogy Funds, involve risk which can lead to no or lower than expected returns, or a loss of part or all of your capital. Trilogy Funds is licensed to provide only general financial product advice about its products and therefore recommends you seek personal advice on the suitability of this investment to your objectives, financial situation and needs from a licensed financial adviser. Investments with Trilogy Funds are not bank deposits and are not government guaranteed.
