Centuria Industrial REIT (CIP) AI Stock Analysis

• Market Cap: AU$1.96B
• Dividend Yield: 5.24%
• Average Volume (3M): 1.33M
• Price to Earnings (P/E): 19.8
• Beta (1Y): 0.64
• Revenue Growth: 4.34%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 81
• Industry: REIT - Industrial
• EPS (TTM): 0.15
• Shares Outstanding: 634,930,660
• 10 Day Avg. Volume: 1,321,832
• 30 Day Avg. Volume: 1,334,404
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.42
• Price Target Upside: 11.76% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

Centuria Industrial REIT presents a solid financial foundation with strong profitability margins and a robust balance sheet. However, the lack of revenue growth and fluctuating returns pose challenges. The technical indicators suggest mild downward pressure, yet the valuation remains reasonable with a compelling dividend yield. The overall score reflects a stable yet cautious outlook, balancing financial strengths against growth and market momentum concerns.

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 quality and diverse tenant base. CIP is overseen by a hands on, active manager and provides investors with income and an opportunity for capital growth from a pure play portfolio of high quality Australian industrial assets. Centuria Property Funds No. 2 Limited (CPF2L), is the Responsible Entity for the ASX-listed Centuria Industrial REIT (CIP). CPF2L, is a wholly owned subsidiary of Centuria Capital Group (CNI). CNI is an ASX-listed specialist investment manager with $10.2 billion in total assets under management and strong offerings across listed real estate investment trusts, unlisted real estate funds and investment bonds.

How the Company Makes Money

Centuria Industrial REIT generates revenue primarily through rental income derived from its portfolio of industrial properties. The company leases space to various tenants on long-term agreements, ensuring a stable and predictable income stream. Additionally, CIP engages in strategic property acquisitions and developments, enhancing the value and potential rental yields of its portfolio. The company may also benefit from capital appreciation of its assets over time. Partnerships with key industry stakeholders and a focus on high-demand locations further bolster CIP's ability to attract and retain tenants, thereby contributing to its earnings.

Centuria Industrial REIT Financial Statement Overview

Summary

Centuria Industrial REIT demonstrates strong profitability margins and a stable balance sheet, but faces challenges in revenue growth and consistency in returns. The cash flow position is healthy, though future improvements in free cash flow generation could enhance financial flexibility.

Income Statement

Centuria Industrial REIT shows a solid gross profit margin of 89.85% for 2024, reflecting strong cost control. The net profit margin improved significantly to 21.12% in 2024 from a negative position in 2023, highlighting a turnaround in profitability. However, revenue growth has been stagnant, decreasing slightly by 0.3% from 2023 to 2024, indicating challenges in top-line expansion.

Balance Sheet

The company's balance sheet is robust with a debt-to-equity ratio of 0.54, reflecting moderate leverage. The equity ratio stands at 63.27%, indicating a strong equity position. However, the return on equity has fluctuated significantly, from a negative in 2023 to 1.96% in 2024, suggesting volatility in profitability and potential risks.

Cash Flow

Operating cash flow remains strong with a good operating cash flow to net income ratio of 1.98 in 2024, indicating effective cash management. Free cash flow improved significantly, boosting liquidity. However, the free cash flow to net income ratio is more modest at 1.98, suggesting room for improvement in translating profits into cash.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
227.93M	228.61M	205.36M	160.36M	118.23M
	Gross Profit
204.84M	204.40M	182.89M	146.24M	109.48M
	EBIT
143.59M	204.40M	182.89M	146.24M	109.48M
	EBITDA
143.59M	143.68M	133.22M	111.79M	93.96M
	Net Income Common Stockholders
48.15M	-76.61M	367.48M	611.24M	75.34M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
16.54M	20.87M	26.60M	105.54M	17.08M
	Total Assets
3.88B	3.91B	4.15B	3.11B	1.64B
	Total Debt
1.33B	1.29B	1.37B	933.28M	452.40M
	Net Debt
1.32B	1.27B	1.35B	827.73M	435.32M
	Total Liabilities
1.43B	1.40B	1.46B	983.56M	496.74M
	Stockholders Equity
2.46B	2.51B	2.69B	2.12B	1.14B
Cash Flow		Free Cash Flow
95.54M	14.16M	111.93M	83.67M	65.33M
	Operating Cash Flow
95.54M	97.60M	111.93M	83.67M	65.33M
	Investing Cash Flow
-40.12M	83.45M	-822.09M	-851.57M	-361.59M
	Financing Cash Flow
-59.76M	-186.79M	631.22M	856.37M	303.98M

Centuria Industrial REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CIP, the sentiment is Positive. The current price of 3.06 is above the 20-day moving average (MA) of 2.94, above the 50-day MA of 2.92, and above the 200-day MA of 2.95, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.53 is Neutral, neither overbought nor oversold. The STOCH value of 85.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CIP.

Centuria Industrial REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DXI	71 Outperform	AU$862.97M	16.22	4.90%	6.14%	-10.26%	―
NSR	70 Outperform	AU$3.27B	13.47	6.87%	4.68%	8.10%	6.34%
CIP	68 Neutral	AU$1.96B	19.85	3.99%	5.24%	4.34%	―
Sector *	60 Neutral	$2.81B	11.31	0.21%	8508.38%	6.19%	-15.39%

Centuria Industrial REIT Corporate Events

Centuria Industrial REIT Adjusts Exchange Price Following Distribution

Centuria Industrial REIT announced an adjustment to the exchange price of its A$300 million exchangeable notes due to an extraordinary distribution to unitholders. The exchange price has been adjusted from A$4.0628 to A$4.0048, effective from March 28, 2025. This adjustment reflects the company’s ongoing commitment to providing value to its stakeholders and maintaining its competitive position in the industrial real estate market.

Centuria Industrial REIT Announces Change in Substantial Holder Interests

Centuria Industrial REIT has announced a change in the interests of a substantial holder, State Street Corporation and its subsidiaries, which affects the voting power attached to the company’s shares. This change in substantial holding may impact the company’s governance and decision-making processes, as State Street Corporation retains significant influence over voting rights and the disposal of securities as an investment manager or trustee.

Centuria Industrial REIT Unveils Extensive HY25 Property Portfolio

Centuria Industrial REIT has released its HY25 Property Compendium, detailing its extensive portfolio of industrial properties across various Australian states. This comprehensive listing underscores the company’s robust presence in the industrial real estate market, potentially strengthening its position and appeal to stakeholders seeking investment opportunities in industrial properties.

Centuria Industrial REIT Releases Interim Financial Report for 2024

Centuria Industrial REIT has released its interim financial report for the half-year ending December 31, 2024. The report includes key financial statements and declarations, reflecting the company’s ongoing commitment to transparency and regulatory compliance. This release is significant for stakeholders as it provides insights into the company’s financial health and operational performance during the period.

Centuria Industrial REIT Reports Strong Financial Performance for 2024

Centuria Industrial REIT reported a significant increase in net profit for the period ending December 2024, with a 414.03% rise compared to the previous year. The company also declared quarterly distributions for 2024, maintaining a stable net tangible asset per share, indicating robust financial health and a positive outlook for stakeholders.