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

$3.49

30 Oct
2025

-0.080

OPEN

$3.54

-2.24%

HIGH

$3.55

2,347,760

LOW

$3.46

TARGET
$3.607 3.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . VCX . WOT . WPR .
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% - 13.0% xxx
DPS Growth xxx 1.9% 3.2% xxx
PE Ratio xxx N/A 19.4 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 77.8% 92.2% xxx

Dividend yield today if purchased 3 years ago: 5.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.60

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

0.4

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

07/08/2025

1

Buy

$3.65

4.58%

Centuria Industrial REIT’s FY25 result was in line with Bell Potter's forecasts, with funds from operations (FFO) per share of 17.5c matching the broker's forecast and consensus.

FY26 guidance FFO/share of 18.0-18.5c came in 3% ahead of forecasts by Bell Potter and consensus. Management also guided to 16.8c distribution.

The broker highlights a $60m buyback (around 3% of shares) as a positive momentum signal and sees potential upside of 1.8c/share from re-leasing vacant space, despite occupancy slipping to 95.1%.

Bell Potter lifts its target price to $3.65 from $3.35 and retains a Buy rating.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 16.80 cents.
Bell Potter forecasts a full year FY27 dividend of 17.30 cents.

UBS

xx/xx/xxxx

1

xxx

$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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

12/08/2025

1

Buy

$3.79

8.60%

Centuria Industrial REIT's FY25 FFO/unit and DPU came in line with guidance and Moelis' forecasts. 

Net operating income growth, like-for-like, rose 5.8%, slowing from FY24 but higher than FY23, and the broker expects strong growth over the medium-term as under-rented leases expire.

The broker estimates a compounded annual growth rate of 5.5% from FY26-28.

Buy. Target lifted to $3.79 from $3.73.

Coverage transferred to Murray Connellan.

FORECAST
Moelis forecasts a full year FY26 dividend of 16.80 cents and EPS of 18.20 cents.
Moelis forecasts a full year FY27 dividend of 17.30 cents and EPS of 19.30 cents.
Access Extra Coverage Research History >

CIP STOCK CHART

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