Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Centuria Industrial REIT ( (AU:CIP) ) has issued an update.
Centuria Industrial REIT announced an adjustment to the exchange price of its A$300 million exchangeable notes due to an extraordinary distribution to unitholders. The exchange price has been adjusted from A$4.0628 to A$4.0048, effective from March 28, 2025. This adjustment reflects the company’s ongoing commitment to providing value to its stakeholders and maintaining its competitive position in the industrial real estate market.
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. The REIT is managed by Centuria Property Funds No. 2 Limited, a subsidiary of Centuria Capital Group, which is an ASX-listed investment manager with $20.5 billion in assets under management.
YTD Price Performance: 1.08%
Average Trading Volume: 1,403,440
Technical Sentiment Signal: Buy
Current Market Cap: A$1.78B
See more insights into CIP stock on TipRanks’ Stock Analysis page.