Centuria Industrial REIT (AU:CIP) has released an update.
Centuria Industrial REIT (CIP) has reported a strong Q3 FY24 with significant leasing activity, including 45,739sqm across eight transactions, and a year-to-date re-leasing spread of approximately 50%. The company’s strategic acquisitions, such as the $11.5 million land consolidation in Wetherill Park NSW, and divestments, like the $21.6 million sale of a non-core asset, align with its urban infill strategy and are expected to drive robust rental growth. CIP has also reaffirmed its upgraded FY24 financial guidance, promising stability and growth to its investors.
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