Centuria Industrial REIT Adjusts Exchange Price of Notes Following Distribution

Centuria Industrial REIT ( (AU:CIP) ) has issued an update.

Centuria Industrial REIT announced an adjustment in the exchange price of its A$300 million exchangeable notes due 2028, following an extraordinary distribution to unitholders. The exchange price has been revised from A$4.0628 to A$4.0023 per unit, effective from March 28, 2025. This adjustment also affects the threshold amount, which has been modified from A$0.08 to A$0.0769. These changes reflect the company’s ongoing efforts to manage its financial instruments and provide clarity to its stakeholders.

The most recent analyst rating on (AU:CIP) stock is a Hold with a A$3.81 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) and is part of the S&P/ASX 200 Index. The company 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 an ASX-listed investment manager with a strong presence in listed and unlisted real estate funds and investment bonds.

Average Trading Volume: 1,469,478

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.94B

See more insights into CIP stock on TipRanks’ Stock Analysis page.