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Centuria Industrial REIT FY25 results

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Centuria Industrial REIT
FY25 results

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17.5cpu

FY25 FFO delivered

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16.3cpu

FY25 DPU delivered

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$3.92

NTA1

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33.2%

gearing2

Australia’s largest domestic pure play industrial REIT.

Throughout FY25, CIP continued to capitalise on strong leasing momentum while maintaining a robust balance sheet to deliver solid results.

High leasing volumes exceeding 150,900 sqm3 were achieved, with average 34%4 positive re-leasing spreads. CIP’s portfolio is heavily weighted to core urban infill markets on Australia’s east coast and is well positioned to continue benefiting from strong leasing conditions.

CIP executed $140m of strategic divestments at +12% premium to book value5 in FY25 with proceeds used to repay debt, ending the year with gearing at 33.2%2 at the lower end of the target gearing range.

CIP FY25 results highlights

Watch Grant Nichols, Head of Listed Funds and CIP Fund Manager, discuss the Fund’s FY25 highlights.

Press play to watch the video.

A portfolio largely concentrated on urban infill markets with exposure to all major sub-sectors

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87

High quality assets

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$3.89 bn

Portfolio book value6

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95.1%

Portfolio occupancy7

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7.1 year

Portfolio WALE7

Distribution centres
DISTRIBUTION CENTRES

42% portfolio value

manufacturing
MANUFACTURING & PRODUCTION

24% portfolio value

transport logistics
TRANSPORT LOGISTICS

14% portfolio value

Data Centres
DATA CENTRES

12% portfolio value

cold stores
COLD STORAGE

7% portfolio value

  1. NTA per unit is calculated as net assets divided by number of units on issue
  2. Includes Proforma adjustment for divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. Gearing is defined as total interest-bearing liabilities divided by total assets​
  3. Includes heads of agreement (HOA)
  4. On a net rent basis compared to prior passing rents
  5. Includes divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. Settlement expected in FY26
  6. At CIP ownership share of joint venture assets
  7. By income.