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: 9.37
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

$2.75

20 Oct
2026

-0.030

OPEN

$2.76

-1.08%

HIGH

$2.79

1,951,290

LOW

$2.75

TARGET
$3.203 16.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
CIP: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 25.6 18.9 xxx
DPS (cps) xxx 16.8 17.2 xxx
EPS Growth xxx 21.9% - 25.9% xxx
DPS Growth xxx 3.1% 2.3% xxx
PE Ratio xxx N/A 14.6 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 65.7% 90.7% xxx

Dividend yield today if purchased 3 years ago: 5.71%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.09

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: 29/09 - (franking ex-div 4.33c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx25.6
DPS All xxxxxxxxxxxxxxx16.8
Sales/Revenue xxxxxxxxxxxxxxx249.6 M
Book Value Per Share xxxxxxxxxxxxxxx401.4
Net Operating Cash Flow xxxxxxxxxxxxxxx95.7 M
Net Profit Margin xxxxxxxxxxxxxxx64.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx6.42 %
Return on Invested Capital xxxxxxxxxxxxxxx4.58 %
Return on Assets xxxxxxxxxxxxxxx4.06 %
Return on Equity xxxxxxxxxxxxxxx6.42 %
Return on Total Capital xxxxxxxxxxxxxxx3.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-9.1 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx422 M
Long Term Debt xxxxxxxxxxxxxxx957 M
Total Debt xxxxxxxxxxxxxxx1,379 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx13 M
Price To Book Value xxxxxxxxxxxxxxx0.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx85 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,764 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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

04/09/2026

2

Upgrade to Accumulate from Hold

$3.25

18.18%

Morgans upgrades Centuria Industrial REIT to Accumulate from Hold with a higher target of $3.25 from $3.15.

FY26 FFO and distribution were in line with guidance but at the lower end of the upgraded target range, the analyst points out and -1% below forecast.

Like-for-like net operating income growth of 5.2% was generated with a near-record 226,200 sqm leasing completed and spreads eased to 30%.

The broker sees the 6% distribution as being able to continue to grow as rental income also advances via positive rent reversion and lease indexation.

FORECAST
Morgans forecasts a full year FY27 dividend of 17.30 cents.
Morgans forecasts a full year FY28 dividend of 17.70 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

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

3

xxxxxxx

$xx.xx

xx.xx%

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Moelis

13/08/2026

1

Buy

$3.79

37.82%

Moelis maintains a Buy rating for Centuria Industrial REIT with a $3.79 target price following the release of FY26 results that arrived at the lower end of guidance due to macro uncertainty and elevated diesel costs.

Like-for-like net operating income grew 5.2% during the period alongside strong leasing spreads, supported by an estimated -17% under-renting within the portfolio.

With the cost of debt expected to be largely rebased to market levels by FY27, net operating income growth should translate more directly into earnings growth going forward.

The analyst views the current trading level as an attractive entry point, noting the stock trades at a -22% discount to net tangible assets of $4.01 while providing a strong dividend growth profile.

Incorporating better-than-expected leasing spreads, the broker lifts medium-term earnings and distribution forecasts across FY28 and FY29.

FORECAST
Moelis forecasts a full year FY27 dividend of 17.30 cents and EPS of 19.00 cents.
Moelis forecasts a full year FY28 dividend of 18.20 cents and EPS of 20.50 cents.
Access Extra Coverage Research History >

CIP STOCK CHART

FNArena News on CIP

1
Australian Broker Call *Extra* Edition – Oct 15, 2026

Oct 15 2026 - Daily Market Reports
2
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Oct 08 2026 - Rudi's View
3
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4
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Sep 18 2026 - Feature Stories
5
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Sep 09 2026 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 19-10-2026

Oct 19 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 12-10-2026

Oct 12 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 06-10-2026

Oct 06 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 29-09-2026

Sep 29 2026 - Weekly Reports
5
Australian Listed Real Estate Tables – 22-09-2026

Sep 22 2026 - Weekly Reports
6
Treasure Chest: Abacus Group

Sep 22 2026 - Treasure Chest
7
A-REITs Facing More RBA Rate Pressure In FY27

Sep 18 2026 - Feature Stories
8
Australian Listed Real Estate Tables – 14-09-2026

Sep 14 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 07-09-2026

Sep 07 2026 - Weekly Reports
10
Australian Listed Real Estate Tables – 31-08-2026

Aug 31 2026 - Weekly Reports