CENTURIA INDUSTRIAL REIT (CIP)
Share Price Analysis and Chart

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CIP - CENTURIA INDUSTRIAL REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 9.94
Index: ASX200 | ASX300 | ALL-ORDS

Centuria Industrial is an Australian Real Estate Investment Trust with a portfolio of large industrial properties across Australia. Established in 2002, it became a listed entity in 2012.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.98

20 Nov
2024

-0.050

OPEN

$3.03

-1.65%

HIGH

$3.03

2,206,697

LOW

$2.97

TARGET
$3.508 17.7% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
CIP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 7.6 17.7 xxx
DPS (cps) xxx 16.0 16.2 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx 0.0% 1.5% xxx
PE Ratio xxx N/A 16.8 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 211.1% 91.8% xxx

Dividend yield today if purchased 3 years ago: 4.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.39

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx7.6
DPS All xxxxxxxxxxxxxxx16.0
Sales/Revenue xxxxxxxxxxxxxxx224.8 M
Book Value Per Share xxxxxxxxxxxxxxx387.1
Net Operating Cash Flow xxxxxxxxxxxxxxx95.5 M
Net Profit Margin xxxxxxxxxxxxxxx21.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx1.94 %
Return on Invested Capital xxxxxxxxxxxxxxx1.27 %
Return on Assets xxxxxxxxxxxxxxx1.24 %
Return on Equity xxxxxxxxxxxxxxx1.94 %
Return on Total Capital xxxxxxxxxxxxxxx3.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-6.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,335 M
Total Debt xxxxxxxxxxxxxxx1,335 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx17 M
Price To Book Value xxxxxxxxxxxxxxx0.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx74 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,715 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Morgans

02/08/2024

3

Hold

$3.55

19.13%

Centuria Industrial REIT's FY24 result met expectations of the upgraded guidance, including a 16c dividend, the Morgans' analyst notes on top of "solid" like-for-like rental growth of 6.5%, despite higher interest costs and loss of income from divestments.

Management provided FY25 guidance including a 16.3c dividend. The broker observes the REIT's portfolio retains 89 industrial properties and a $1bn development program over the next five years.

The developments are forecast to be funded by asset sales. Morgans retains a Hold rating with a revised price target of $3.55, down from $3.57.

FORECAST
Morgans forecasts a full year FY25 dividend of 16.30 cents.
Morgans forecasts a full year FY26 dividend of 16.50 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

06/08/2024

2

Overweight

$3.65

22.48%

Centuria Industrial REIT's FY24 result appears to have met Jarden's forecasts and the broker suspects guidance could prove conservative given the company's strong progress on leasing and net operating income, which it expects will offset a 60-basis-point rise in the REIT's weighted average cost of debt.

Jarden raises forecasts to sit 1.1% above FY25 guidance and perceives the risk to be to the upside. FFOps rises 1% in FY25, 0.6% in FY26 and 0.1%. DPU forecasts fall -0.5% in FY25 and FY26.

Overweight rating and $3.65 target price retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 16.30 cents and EPS of 17.70 cents.
Jarden forecasts a full year FY26 dividend of 16.40 cents and EPS of 17.80 cents.
Access Extra Coverage Research History >

CIP STOCK CHART

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