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Centuria Industrial REIT ( (AU:CIP) ) just unveiled an update.
Centuria Industrial REIT (CIP) has announced a series of strategic developments in its Q1 FY26 operating update, including a significant 10-year lease agreement with Tesla for its Derrimut property, which defers planned redevelopment and results in a 133% re-lease spread. Additionally, CIP is exploring the development of a second data center adjacent to the Telstra Data Centre in Clayton, Victoria, capitalizing on the growing demand for data infrastructure. The REIT has also divested a property in Bundamba, Queensland at a 10% premium to its book value, and has executed an on-market buy-back campaign to narrow the trading price versus divestment metrics. These initiatives, along with the issuance of exchangeable notes, are expected to strengthen CIP’s financial position and provide value to unitholders, as reflected in the increased FY26 FFO guidance range.
The most recent analyst rating on (AU:CIP) stock is a Hold with a A$3.56 price target. To see the full list of analyst forecasts on Centuria Industrial REIT stock, see the AU:CIP Stock Forecast page.
More about Centuria Industrial REIT
Centuria Industrial REIT (CIP) is Australia’s largest domestic pure play industrial real estate investment trust (REIT), included in the S&P/ASX 200 Index. It manages a portfolio of high-quality industrial assets located in key metropolitan areas across Australia, supported by a diverse tenant base. CIP is managed by Centuria Property Funds No. 2 Limited, a subsidiary of Centuria Capital Group, which is a specialist investment manager with a broad range of offerings in real estate investment trusts, unlisted real estate funds, and investment bonds.
Average Trading Volume: 1,862,350
Technical Sentiment Signal: Buy
Current Market Cap: A$2.23B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.