Email Phone Next Scroll to move Touch to move edit Play Play Pause Volume Mute Zoom Open Close Search Linked In Linked In X Facebook Instagram Close
CIP-56-88-Lisbon-Street-NSW-750x440

Centuria Industrial REIT
HY24 Interim Results

Centuria Industrial REIT – HY24 results

Australia’s largest listed, domestic pure play industrial REIT.

Centuria Industrial REIT (ASX:CIP) has announced its half year results for the 2024 financial year (HY24).

Centuria Capital Group has managed CIP for the past seven years, positioning the A-REIT as Australia’s largest listed, domestic pure-play industrial REIT with a portfolio of 88 high-quality industrial assets worth $3.8billon, with a significant weighting to urban infill industrial markets across Australia. CIP is overseen by a hands-on, active manager and provides investors with income and an opportunity for capital growth from a portfolio of high quality industrial assets.

Centuria Industrial REIT (ASX:CIP) is included in the S&P/ASX200 Index & FTSE EPRA Nareit Global Developed Index.

Icons_Individual
17.2cpu

Upgraded FY24 FFO guidance

Icons_Money coins-42
4.9%

Distribution yield

Icons_Location 2
$3.89

Net tangible assets per unit1

Icons_Money spiral
33.7%

Gearing2

CIP HY24 results highlights

Jesse Curtis, CIP Fund Manager, discusses the fund’s HY24 highlights.

Black icon circle industrial building
88

High quality assets

Black icon circle money bag
$3.8bn

Portfolio book value

Black icon circle people
97.2%

Portfolio occupancy4

Black icon circle calendar
7.5yrs

Portfolio WALE4

Providing unitholders with exposure and diversification across the major sub-sectors of industrial real estate.

manufacturingMANUFACTURING & PRODUCTIONDistribution centresDISTRIBUTION CENTREStransport logisticsTRANSPORT LOGISTICSData CantresDATA CENTREScold storesCOLD STORAGE
24% portfolio value42% portfolio value15% portfolio value11% portfolio value7% portfolio value

1. NTA per unit is calculated as net assets divided by number of units on issue
2. Gearing is defined as total interest bearing liabilities divided by total assets
3. At CIP ownership of joint venture assets
4. By income