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Centuria Industrial REIT ( (AU:CIP) ) has provided an update.
Centuria Industrial REIT has announced an update regarding its ongoing on-market buy-back program, with a total of 154,121 ordinary units fully paid bought back on the previous day, adding to the cumulative total of 1,769,955 units bought back before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and enhance value for its stakeholders, reflecting a proactive approach in optimizing shareholder returns and maintaining a strong market position.
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 operates in the real estate investment trust (REIT) industry, focusing on industrial properties. The company primarily deals with the acquisition, management, and leasing of industrial assets, catering to a diverse range of tenants in the industrial sector.
Average Trading Volume: 1,822,189
Technical Sentiment Signal: Buy
Current Market Cap: A$2.12B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.