Centuria Industrial REIT (AU:CIP)
ASX:CIP
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Centuria Industrial REIT
(Sydney:CIP)
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Rating:70Outperform
Price Target:
AU$3.00
▼(-6.54% Downside)
Action:UpgradedDate:08/20/25
Centuria Industrial REIT's overall stock score is driven by strong technical indicators and a reasonable valuation. The company's financial performance is solid, but challenges in revenue growth and cash flow generation need to be addressed. The absence of earnings call data and corporate events does not impact the score significantly.
Positive Factors
High gross margins
Very high gross margins (≈89%+) reflect strong operating efficiency in property management and effective recovery of property outgoings. Over months, this supports durable cash generation from rental operations, cushions against leasing slowdowns, and helps sustain distributions and maintenance spending.
Negative Factors
Negative free cash flow growth
Persistent negative free cash flow growth constrains the trust's ability to fund capex, acquisitions, and stable distributions without external capital. Over the medium term this raises dependency on debt or equity raises, increasing financing risk and limiting opportunistic portfolio expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Very high gross margins (≈89%+) reflect strong operating efficiency in property management and effective recovery of property outgoings. Over months, this supports durable cash generation from rental operations, cushions against leasing slowdowns, and helps sustain distributions and maintenance spending.
Read all positive factors
Centuria Industrial REIT (CIP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.87B
Dividend Yield4.85%
Average Volume (3M)1.86M
Price to Earnings (P/E)7.5
Beta (1Y)0.52
Revenue Growth2.44%
EPS Growth42.65%
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.22
Shares Outstanding624,388,060
10 Day Avg. Volume1,461,749
30 Day Avg. Volume1,857,496
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.80
Price to Sales (P/S)8.49
P/FCF Ratio20.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.32Price Target Upside3.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$207.71M
Centuria Industrial REIT Business Overview & Revenue Model
Company Description
CIP is Australia's largest domestic pure play industrial REIT and is included in the S&P/ASX 200 Index. CIP's portfolio of high-quality industrial assets is situated in key metropolitan locations throughout Australia and is underpinned by a qualit...
How the Company Makes Money
CIP makes money primarily by leasing its industrial properties to tenants and collecting rent under contractual lease agreements. Its core revenue stream is gross rental income, typically supported by leases that may include fixed annual increases...
Centuria Industrial REIT Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 236.04M | 233.32M | 227.93M | 228.61M | 205.36M | 160.36M |
| Gross Profit | 183.00M | 210.29M | 204.84M | 204.40M | 182.89M | 146.24M |
| EBITDA | 174.49M | 192.03M | 143.59M | 143.68M | 133.22M | 111.79M |
| Net Income | 139.39M | 133.06M | 48.15M | -76.61M | 367.48M | 611.24M |
Balance Sheet | ||||||
| Total Assets | 3.97B | 3.93B | 3.88B | 3.91B | 4.15B | 3.11B |
| Cash, Cash Equivalents and Short-Term Investments | 19.80M | 15.04M | 16.54M | 20.87M | 26.60M | 105.54M |
| Total Debt | 1.42B | 1.36B | 1.33B | 1.29B | 1.37B | 933.28M |
| Total Liabilities | 1.51B | 1.44B | 1.43B | 1.40B | 1.46B | 983.56M |
| Stockholders Equity | 2.47B | 2.49B | 2.46B | 2.51B | 2.69B | 2.12B |
Cash Flow | ||||||
| Free Cash Flow | 85.17M | 95.88M | 95.54M | 14.16M | 111.93M | 83.67M |
| Operating Cash Flow | 85.17M | 95.88M | 95.54M | 97.60M | 111.93M | 83.67M |
| Investing Cash Flow | -52.84M | -6.88M | -40.12M | 83.45M | -822.09M | -851.57M |
| Financing Cash Flow | -36.40M | -90.49M | -59.76M | -186.79M | 631.22M | 856.37M |
Centuria Industrial REIT Technical Analysis
Neutral
3.21
Price Trends
3.03
Negative
3.15
Negative
3.20
Negative
Market Momentum
-0.02
Negative
49.81
Neutral
85.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CIP, the sentiment is Neutral. The current price of 3.21 is above the 20-day moving average (MA) of 2.92, above the 50-day MA of 3.03, and above the 200-day MA of 3.20, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.81 is Neutral, neither overbought nor oversold. The STOCH value of 85.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CIP.
Centuria Industrial REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$1.87B | 7.50 | 5.63% | 4.85% | 2.44% | 42.65% | |
70 Outperform | AU$780.49M | 4.92 | 6.84% | 6.09% | -6.09% | 41.37% | |
67 Neutral | AU$1.23B | 24.03 | -0.16% | 3.17% | 29.04% | -101.11% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | AU$2.50B | 4.72 | 6.69% | 6.14% | 33.58% | ― | |
53 Neutral | AU$1.65B | 7.35 | 1.57% | 8.12% | -0.81% | ― | |
43 Neutral | AU$2.26B | -41.37 | -5.08% | ― | 6.77% | -25.64% |
* Real Estate Sector Average
AU:CIP
Centuria Industrial REIT
2.99
0.08
2.61%
AU:GOZ
Growthpoint Properties Australia
2.19
-0.08
-3.61%
AU:PXA
PEXA Group Limited
12.84
1.17
10.03%
AU:CLW
Charter Hall Long WALE REIT
3.50
-0.24
-6.52%
AU:DXI
Dexus Industria REIT
2.47
-0.06
-2.26%
AU:HMC
Home Consortium Ltd
2.99
-2.19
-42.27%
Centuria Industrial REIT Corporate Events
Centuria Industrial REIT adjusts exchange price on A$325m notes after distribution
Apr 2, 2026
Centuria Industrial REIT, Australia’s largest pure-play industrial REIT, owns a portfolio of high-quality industrial properties in key metropolitan markets and targets income and capital growth for investors through active management. The ve...
Centuria Industrial REIT declares March quarter distribution and keeps DRP suspended
Mar 5, 2026
Centuria Industrial REIT has declared a distribution of 4.20 cents per unit for the quarter ending 31 March 2026, continuing to provide income for investors from its industrial property portfolio. The distribution timetable sets the ex-distributio...
Centuria Industrial REIT Announces Quarterly Distribution for March 2026
Mar 5, 2026
Centuria Industrial REIT has declared a quarterly distribution of AUD 0.042 per fully paid ordinary unit for the period ending 31 March 2026. The distribution will trade ex on 30 March, with a record date of 31 March and payment scheduled for 30 A...
Centuria Industrial REIT director lifts indirect stake through on‑market unit purchases
Feb 27, 2026
Centuria Industrial REIT has disclosed a change in director Roger Dobson’s relevant interests following on-market purchases of units associated with his indirect holdings. Through acquisitions made by his associate Jacqueline Jayne Dobson, h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.