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

$3.20

26 Feb
2026

0.010

OPEN

$3.19

0.31%

HIGH

$3.21

1,069,597

LOW

$3.17

TARGET
$3.51 9.7% 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 18.5 xxx
DPS (cps) xxx 16.3 16.8 xxx
EPS Growth xxx 100.0% - 11.9% xxx
DPS Growth xxx 1.9% 3.3% xxx
PE Ratio xxx N/A 17.4 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 77.8% 91.2% xxx

Dividend yield today if purchased 3 years ago: 4.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.08

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-di

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

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

12/02/2026

1

Buy

$3.60

12.50%

Centuria Industrial REIT’s 1H26 result delivered funds from operations of 9.1c, slightly ahead of Bell Potter and consensus by 1%, with FY26 guidance reaffirmed at 18.2c-18.5c.

Consensus sits at 18.4c and a 16.8c dividend, in line with the broker’s estimates. Gearing of 35.9% is toward the upper end of the 35%-40% target range, while vacancy improved to 4.3% from FY25, Bell Potter notes.

The broker highlights the REIT is trading at an -18% discount to NTA. Buy retained. Target trimmed to $3.60 from $3.75.

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.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$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

16/02/2026

2

Overweight

$3.75

17.19%

Centuria Industrial REIT announced 1H26 FFO of 9.1c, slightly ahead of Jarden's expectations, while FY26 FFO guidance of 18.2c to 18.5c was unchanged.

The broker flags leasing outcomes across key vacancies as the swing factor for FY26, alongside an upcoming expiry at Arndell Park.

Despite a strong industrial backdrop, the broker notes the REIT has been unable to lift FFO back to FY17 levels due to limited early lease expiry, higher debt costs and a recent rise in vacancy.

Jarden's Overweight retained, target price reduced to $3.75 from $3.90, reflecting a higher rate curve.

FORECAST
Jarden forecasts a full year FY26 dividend of 17.00 cents and EPS of 18.60 cents.
Jarden forecasts a full year FY27 dividend of 17.90 cents and EPS of 18.40 cents.
Access Extra Coverage Research History >

CIP STOCK CHART

FNArena News on CIP

1
Australian Broker Call *Extra* Edition – Feb 17, 2026

Feb 17 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Feb 16, 2026

Feb 16 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 12-02-2026

Feb 12 2026 - Australia
4
Rudi’s View: Woolies, CSL, Macquarie (& More)

Feb 05 2026 - Rudi's View
5
Rudi’s View: Key Picks & Sector Favourites

Jan 22 2026 - Rudi's View

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Nov 24 2025 - Weekly Reports