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

17 Sep
2025

-0.020

OPEN

$3.50

-0.57%

HIGH

$3.52

2,334,840

LOW

$3.48

TARGET
$3.562 2.1% 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 18.4 xxx
DPS (cps) xxx 16.3 16.8 xxx
EPS Growth xxx 100.0% - 12.2% xxx
DPS Growth xxx 1.9% 3.2% xxx
PE Ratio xxx N/A 19.0 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 77.8% 91.4% xxx

Dividend yield today if purchased 3 years ago: 5.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.66

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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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

07/08/2025

3

Neutral

$3.29

-5.73%

Centuria Industrial REIT announced FY25 operating EPS of 17.5c, which met expectations, with FY26 funds from operations guidance set at 18–18.5c, coming in above both Macquarie's and consensus estimates.

Up to a $60m buyback was announced to assist in shrinking the discount the REIT trades on relative to its June 30 NTA of $3.92.

Management indicated an intention to lower the payout ratio to around 90% as the funds from operations grow and debt costs are trimmed.

Around -$100m in development starts annually are targeted, with the aim for a yield on cost of over 6.5%, which could add circa 100–150bps to funds generated.

Macquarie lifts its earnings forecasts by 2.4% for FY26 and 4.4% for FY27. Neutral rated with a $3.29 target price.

FORECAST
Macquarie forecasts a full year FY26 dividend of 16.90 cents and EPS of 18.20 cents.
Macquarie forecasts a full year FY27 dividend of 17.10 cents and EPS of 18.80 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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Latest REITs News

1
Australian Listed Real Estate Tables – 15-09-2025

Sep 15 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 08-09-2025

Sep 08 2025 - Weekly Reports
3
Australian Listed Real Estate Tables – 01-09-2025

Sep 01 2025 - Weekly Reports
4
Australian Listed Real Estate Tables – 25-08-2025

Aug 25 2025 - Weekly Reports
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Australian Listed Real Estate Tables – 18-08-2025

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Australian Listed Real Estate Tables – 11-08-2025

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

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Jul 28 2025 - Weekly Reports
9
Australian Listed Real Estate Tables – 21-07-2025

Jul 21 2025 - Weekly Reports
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Jul 14 2025 - Weekly Reports