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An update from Centuria Industrial REIT ( (AU:CIP) ) is now available.
Centuria Industrial REIT has successfully priced an upsized A$325 million exchangeable notes offering, increased from an initial A$300 million due to strong demand. The notes, which are exchangeable into CIP units, offer a 3.5% annual coupon and a 21.5% premium to the reference price, reflecting confidence in CIP’s market position. This financial maneuver includes repurchasing nearly all of its existing A$300 million notes, enhancing its capital structure and potentially benefiting stakeholders by optimizing financial operations.
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 (CIP) is Australia’s largest domestic pure play industrial real estate investment trust (REIT), 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. CIP 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: 1,502,340
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.