CENTURIA INDUSTRIAL REIT (CIP)
Share Price Analysis and Chart

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CIP

CIP - CENTURIA INDUSTRIAL REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 9.63
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

$3.33

11 Aug
2025

0.030

OPEN

$3.31

0.91%

HIGH

$3.33

1,492,684

LOW

$3.30

TARGET
$3.425 2.9% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
CIP: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 21.0 18.2 xxx
DPS (cps) xxx 16.3 16.8 xxx
EPS Growth xxx 100.0% - 13.3% xxx
DPS Growth xxx 1.9% 3.1% xxx
PE Ratio xxx N/A 18.3 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 77.8% 92.5% xxx

Dividend yield today if purchased 3 years ago: 5.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.91

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx21.0
DPS All xxxxxxxxxxxxxxx16.3
Sales/Revenue xxxxxxxxxxxxxxx234.7 M
Book Value Per Share xxxxxxxxxxxxxxx391.7
Net Operating Cash Flow xxxxxxxxxxxxxxx95.9 M
Net Profit Margin xxxxxxxxxxxxxxx56.70 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx5.38 %
Return on Invested Capital xxxxxxxxxxxxxxx3.63 %
Return on Assets xxxxxxxxxxxxxxx3.41 %
Return on Equity xxxxxxxxxxxxxxx5.38 %
Return on Total Capital xxxxxxxxxxxxxxx3.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-7.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx300 M
Long Term Debt xxxxxxxxxxxxxxx1,059 M
Total Debt xxxxxxxxxxxxxxx1,359 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx15 M
Price To Book Value xxxxxxxxxxxxxxx0.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx81 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,778 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

07/08/2025

3

Equal-weight

$3.31

-0.60%

Centuria Industrial REIT announced FY25 funds from operations of 17.5c with a dividend of 16.3c per share, which were as expected.

Morgan Stanley highlights FY26 guidance was offered for the first time, with funds from operations of 18–18.5c, slightly above consensus, and dividend per share of 16.8c, a rise of 3% on FY25.

The REIT also announced a $60m share buyback underpinned by asset sales, with the stock trading at an estimated -18% discount to its new NTA of $3.92.

Centuria Industrial's $300m exchangeable note is nearing redemption in March 2026 with an exchange price of $3.95, well above the share price.

Equal-weight rating and $3.31 target retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 18.00 cents.
Morgan Stanley forecasts a full year FY27 EPS of 19.00 cents.

Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$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

08/08/2025

2

Overweight

$3.70

11.11%

Centuria Industrial REIT delivered a solid FY25 result, assesses Jarden, with maiden FY26 funds from operations (FFO) guidance exceeding expectations and a $60m on-market buyback announced.

The analysts regard the REIT as well positioned to benefit from strong rent reversion in inner-urban logistics assets and better visibility on funding for its development pipeline.

Further benefits are expected from a moderating weighted average cost of debt (WACD) headwind, and improved capital market liquidity.

The broker anticipates portfolio vacancy (mainly in large-format assets) will normalise over 6–12 months, setting the stage for higher-yielding lease renewals.

Jarden upgrades FY26–28 FFO forecasts by up to 3.5% and lifts its target price to $3.70 from $3.55. Upside is expected from improved re-leasing spreads, falling interest rates, and optionality from selective asset sales.

FORECAST
Jarden forecasts a full year FY26 dividend of 17.00 cents and EPS of 17.50 cents.
Jarden forecasts a full year FY27 dividend of 17.20 cents and EPS of 17.80 cents.
Access Extra Coverage Research History >

CIP STOCK CHART

FNArena News on CIP

1
Australian Broker Call *Extra* Edition – Aug 12, 2025

10:30 AM - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 08, 2025

Aug 11 2025 - Daily Market Reports
3
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View
4
FNArena Corporate Results Monitor – 07-08-2025

Aug 07 2025 - Australia
5
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 11-08-2025

Aug 11 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 04-08-2025

Aug 04 2025 - Weekly Reports
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Jul 28 2025 - Weekly Reports
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Australian Listed Real Estate Tables – 21-07-2025

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Australian Listed Real Estate Tables – 14-07-2025

Jul 14 2025 - Weekly Reports
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Australian Listed Real Estate Tables – 07-07-2025

Jul 07 2025 - Weekly Reports
7
Australian Listed Real Estate Tables – 01-07-2025

Jul 01 2025 - Weekly Reports
8
Australian Listed Real Estate Tables – 23-06-2025

Jun 23 2025 - Weekly Reports
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Australian Listed Real Estate Tables – 16-06-2025

Jun 16 2025 - Weekly Reports
10
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