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

$2.97

28 Apr
2026

-0.040

OPEN

$3.01

-1.33%

HIGH

$3.01

1,375,237

LOW

$2.97

TARGET
$3.265 9.9% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . 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 16.9 xxx
EPS Growth xxx 100.0% - 13.3% xxx
DPS Growth xxx 1.9% 3.4% xxx
PE Ratio xxx N/A 16.5 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 77.8% 92.7% xxx

Dividend yield today if purchased 3 years ago: 5.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.45

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 4.2c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

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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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

25/03/2026

3

Downgrade to Hold from Accumulate

$3.05

2.69%

Morgans observes A-REITs delivered largely in line with expectations in what was a "relatively benign" reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades Centuria Industrial REIT to Hold from Accumulate and reduces its target to $3.05 from $3.60.

FORECAST
Morgans forecasts a full year FY26 dividend of 16.80 cents and EPS of 18.50 cents.
Morgans forecasts a full year FY27 dividend of 17.20 cents and EPS of 19.60 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

17/02/2026

1

Buy

$3.86

29.97%

Centuria Industrial REIT delivered first half EPS and DPS of 9.1 cents and 8.4 cents respectively and tightened EPS guidance to 18.2-18.5 cents. Gearing increased to 35.9% from 33.2%.

As the company has committed to several acquisitions and developments, Moelis expects it will continue to target divestments as a funding source. Earnings estimates are lowered because of higher interest-rate assumptions, a little offset by lower debt margins.

The -10% decline in the share price over the past six months puts the stock on a -20% discount to NTA and the broker retains a Buy rating. Target edges up to $3.86 from $3.84.

FORECAST
Moelis forecasts a full year FY26 dividend of 16.80 cents and EPS of 18.30 cents.
Moelis forecasts a full year FY27 dividend of 17.00 cents and EPS of 19.00 cents.
Access Extra Coverage Research History >

CIP STOCK CHART

FNArena News on CIP

1
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports
3
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View
4
A-REITs: Debt And RBA Hikes vs Solid Momentum

Mar 12 2026 - Australia
5
Australian Broker Call *Extra* Edition – Feb 17, 2026

Feb 17 2026 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 27-04-2026

Apr 27 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 13-04-2026

Apr 13 2026 - Weekly Reports
3
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Apr 09 2026 - Australia
4
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5
Australian Listed Real Estate Tables – 16-03-2026

Mar 16 2026 - Weekly Reports
6
A-REITs: Debt And RBA Hikes vs Solid Momentum

Mar 12 2026 - Australia
7
Australian Listed Real Estate Tables – 09-03-2026

Mar 09 2026 - Weekly Reports
8
Australian Listed Real Estate Tables – 02-03-2026

Mar 02 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 23-02-2026

Feb 23 2026 - Weekly Reports
10
Australian Listed Real Estate Tables – 16-02-2026

Feb 16 2026 - Weekly Reports