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Centuria Industrial REIT ( (AU:CIP) ) has shared an update.
Centuria Industrial REIT announced the successful passing of a resolution at its General Meeting, which was supported by a significant majority of its unitholders. This decision allows the REIT to refresh its 15% placement capacity under ASX Listing Rule 7.1, potentially enhancing its ability to raise capital and invest in growth opportunities, thereby strengthening its market position.
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 (REIT) and is part of 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 is a specialist investment manager with significant assets under management.
Average Trading Volume: 1,474,781
Technical Sentiment Signal: Buy
Current Market Cap: A$2.09B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.