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The latest announcement is out from Centuria Industrial REIT ( (AU:CIP) ).
Centuria Industrial REIT has reported strong leasing activity in Q3 FY25, with lease agreements covering approximately 102,000 square meters year-to-date, reflecting a 41% positive re-leasing spread. The company is advancing its development projects in Direk, SA, and Derrimut, VIC, and has acquired a 30% interest in a $38.6 million industrial facility in Canning Vale, WA, as part of its land consolidation strategy. The REIT reaffirms its FY25 guidance, highlighting increased investment demand for urban infill industrial properties, which positions it well for future growth.
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, 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 trust is managed by Centuria Property Funds No. 2 Limited, a subsidiary of Centuria Capital Group, which is a specialist investment manager with a significant presence in listed and unlisted real estate funds.
Average Trading Volume: 1,444,472
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.95B
For an in-depth examination of CIP stock, go to TipRanks’ Stock Analysis page.