Centuria Industrial REIT adjusts exchange price on A$325m notes after distribution

The latest announcement is out from Centuria Industrial REIT ( (AU:CIP) ).

Centuria Industrial REIT, Australia’s largest pure-play industrial REIT, owns a portfolio of high-quality industrial properties in key metropolitan markets and targets income and capital growth for investors through active management. The vehicle is overseen by Centuria Property Funds No. 2 Limited, part of Centuria Capital Group, which manages a broad range of listed and unlisted real estate funds.

CIP Funding Pty Limited, a subsidiary of the responsible entity for Centuria Industrial REIT, has notified holders of its A$325 million 3.50 per cent exchangeable notes due 2030 that the exchange price will be adjusted from A$4.00 to A$3.9383 per unit. The change follows an extraordinary distribution of A$0.042 per unit and takes effect from 30 March 2026, modestly improving the conversion terms for noteholders while reflecting the additional cash paid to unitholders.

The most recent analyst rating on (AU:CIP) stock is a Buy with a A$3.50 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 is Australia’s largest domestic pure-play industrial real estate investment trust, included in the S&P/ASX 200 Index and focused on a portfolio of high-quality industrial assets in key metropolitan locations across the country. The trust is managed by Centuria Property Funds No. 2 Limited, a subsidiary of Centuria Capital Group, an ASX-listed specialist investment manager with diversified real estate and investment offerings.

Average Trading Volume: 1,324,825

Technical Sentiment Signal: Hold

Current Market Cap: A$1.8B

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