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Centuria Industrial REIT ( (AU:CIP) ) has shared an announcement.
Centuria Industrial REIT announced the issuance of exchangeable notes to raise A$325 million, which will be used to repurchase existing notes and for general corporate purposes. The notes, exchangeable into CIP Units, will be listed on the Singapore Exchange, enhancing the company’s financial strategy and market positioning.
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, managed by Centuria Property Funds No. 2 Limited, operates within the real estate investment sector, focusing on industrial properties. The company is involved in offering investment opportunities primarily through real estate investment trusts (REITs), catering to professional and sophisticated investors.
Average Trading Volume: 1,780,038
Technical Sentiment Signal: Buy
Current Market Cap: A$2.13B
See more data about CIP stock on TipRanks’ Stock Analysis page.