Centuria Industrial REIT (AU:CIP)
ASX:CIP
Want to see AU:CIP full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: robust leasing (144,000 sqm), significant re-leasing spreads (44%), a $75m valuation uplift, upgraded FFO guidance ($0.182–$0.185) and positive capital management actions (refinancing, lowered margins, exchangeable notes at 3.5%, buyback activity). At the same time, the business faces headwinds from higher interest expense, a portion of the portfolio being under-rented (c.20%), a near-term FFO drag from vacancy/downtime (~$0.02 per unit), a persistent ~20% trading discount to NTA, and modestly higher gearing. Management highlighted material upside opportunities (under-renting capture, data center optionality and development pipeline) and confidence in funding those via selective sales or buybacks. Overall, positive operational and valuation momentum outweighs the noted challenges, but capital and interest-rate sensitivity remain key risks to monitor.Company Guidance
Strong Leasing Activity and Occupancy
Completed ~144,000 sqm of leasing (~11% of portfolio GLA) in HY26, driving average re-leasing spreads of 44% and increasing portfolio occupancy to 95.7%. Melbourne-specific leasing of ~80,000 sqm (~20% by area) lifted Melbourne occupancy to ~99%.
Material Re-leasing Wins and Value Uplift
Secured a 10-year lease to Tesla at 346 Boundary Road with a re-leasing spread >130%, producing a ~$21m uplift in value for that asset.
Net Property Income and Like-for-Like NOI Growth
Net property income was $101.2m, up $5.0m on prior period, with like-for-like net operating income growth of 5.1% for the half.
Valuation Gains and Capital Value Metrics
Recorded a $75m like-for-like valuation uplift (fourth consecutive period of valuation growth); weighted average cap rate broadly stable at 5.81%. Management estimates portfolio value ~45% below replacement cost, and divestments since FY23 (~$270m) achieved an average 8% premium to book value.
Upgraded FY26 FFO Guidance and Distribution Guidance
Upgraded FY26 FFO guidance to $0.182–$0.185 per unit and reiterated distribution guidance of $0.168 per unit.
Prudent Capital Management and Refinancing
Refinanced approximately $450m of debt on improved terms (margins tightened by ~10–20 bps) and extended weighted average debt maturity to ~4 years; new $325m exchangeable notes settled at a 3.5% fixed coupon. Post period reduced overall facility limit to maintain $408m undrawn capacity; ~77% of debt hedged.
Buyback Activity and Evidenced Market Disconnect
Commenced $60m buyback in August, purchasing $36m of units during the period. Management highlights continued disconnect: REIT trading at ~20% discount to NTA despite recurring divestment premiums to book.
Data Center Strategy Progress
Advanced data center pipeline: DA submitted for ~40 MW data center adjacent to Clayton; acquired Tier 3 2.5 MW operational data center in Wellcamp (15-year lease, ~6% yield) and 2-hectare strategic Yarraville site (initial yield slightly >5%). CRP manages >$450m of operating data centers.
Flexible, Income-Producing Development Pipeline
One project under construction (50–64 Mirage Road, completion H2 FY26); three projects identified for commencement in 12–24 months requiring ~A$130m incremental development spend, which management believes can be funded via limited non-core asset sales.
ESG and Sustainability Targets
Sustainability framework includes target of zero Scope 2 emissions by 2028, targeting 5-star Green Star design for future industrial developments, and initiatives for rooftop solar and mental health partnerships.
AU:CIP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:CIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | AU$3.14 | AU$3.19 | +1.56% |
Aug 05, 2025 | AU$3.08 | AU$3.18 | +3.44% |
Feb 24, 2025 | AU$2.76 | AU$2.83 | +2.35% |
Jul 30, 2024 | AU$2.87 | AU$2.90 | +0.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Centuria Industrial REIT (AU:CIP) report earnings?
Centuria Industrial REIT (AU:CIP) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Centuria Industrial REIT (AU:CIP) earnings time?
Centuria Industrial REIT (AU:CIP) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Centuria Industrial REIT stock?
The P/E ratio of Centuria Industrial REIT is N/A.
What is AU:CIP EPS forecast?
AU:CIP EPS forecast for the fiscal quarter 2026 (Q4) is 0.09.