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Centuria Industrial REIT ( (AU:CIP) ) has issued an update.
Centuria Industrial REIT announced the cessation of 862,434 ordinary units, which were canceled as part of an on-market buy-back program. This move is likely to impact the company’s capital structure by reducing the number of outstanding shares, potentially enhancing shareholder value and reflecting a strategic approach to capital management.
The most recent analyst rating on (AU:CIP) stock is a Hold with a A$3.63 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 operates within the real estate investment trust sector, focusing on industrial properties. The company primarily invests in and manages industrial assets across Australia, catering to a range of tenants in logistics, manufacturing, and warehousing sectors.
Average Trading Volume: 1,844,157
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
See more insights into CIP stock on TipRanks’ Stock Analysis page.