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Centuria Industrial REIT ( (AU:CIP) ) has issued an announcement.
Centuria Industrial REIT announced the redemption and cancellation of its A$500,000 exchangeable notes due in 2028, following the exercise of its call option. This move will see the notes delisted from the Singapore Exchange, potentially streamlining CIP’s financial operations and affecting its market positioning by reducing outstanding debt obligations.
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 (CIP) is Australia’s largest domestic pure play industrial real estate investment trust, 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 has a significant presence in investment management with $20.6 billion in assets under management.
Average Trading Volume: 1,870,108
Technical Sentiment Signal: Buy
Current Market Cap: A$2.21B
For an in-depth examination of CIP stock, go to TipRanks’ Overview page.