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Centuria Industrial REIT

ASX Announcements

September 2024 Distribution Declaration

Dividend Record Date, Dividend Pay Date, Dividend Rate

  • Sep 6, 2024
  • 1 page

Market Sensitive

Dividend/Distribution - CIP

Dividend Record Date, Dividend Pay Date, Dividend Rate

  • Sep 6, 2024
  • 4 pages

Market Sensitive

CIP FY24 Property Compendium

Preliminary Final Report, Company Presentation

  • Jul 31, 2024
  • 86 pages

Market Sensitive

CIP FY24 Results Presentation

Preliminary Final Report, Company Presentation

  • Jul 31, 2024
  • 44 pages

Market Sensitive

CIP FY24 Results Announcement

Preliminary Final Report, Periodic Reports - Other

  • Jul 31, 2024
  • 5 pages

View all CIP announcements

July

This new CIP industrial estate in Campbellfield, Melbourne is 64 per cent leased.

Record leasing, higher rents lift earnings at Centuria industrial fund

Centuria Industrial REIT leased more than 20pc of its portfolio over FY24 and generated average increases of 43 per cent as rents were reset to market rates.

  • Larry Schlesinger
Centuria Industrial REIT’s adjacent 310 Spearwood Avenue and Lot 14 Sudlow Road facilities in southern Perth’s Bibra Lake, where AWH has just renewed its lease for 7 years.

AWH lease renewal locks cotton, wool in shed for another 7 years

Transport access is key for the fibre handler, which accounts for 4 per cent of the REIT’s total portfolio.

  • Michael Bleby

February

CIP’s sheds with shorter leases posted a slight valuation increase of $200,000.

The property boom in this sector has years to run: Centuria

Centuria expects to rack up rental increases as 41 per cent of its industrial leases expire over the next 3½ years.

  • Campbell Kwan

August 2023

Values of sheds on long leases down 15-20pc: Centuria

The logistics landlord has written down the value of industrial facilities on long leases that cannot capture the strong uplift in rents by 15-20 per cent.

  • Larry Schlesinger

April 2023

Six inflation-busting strategies to boost income

The highest inflation since the early 1990s has “caused havoc” among retirees who need new ways to keep up with rising costs.

  • Duncan Hughes
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Property funds vulnerable to big falls as investors exit

Falling demand for offices, rising bond yields and a slowing economy threaten to drive down commercial real estate by 20 per cent, analysts warn.

  • Duncan Hughes

February 2023

The Ormeau facility in Queensland  is one of the Centuria Industrial recent acquisitions.

Centuria cashes in on convertibles demand at CIP

Old dog Centuria Capital has learnt a new trick in a bid to drive down funding costs at its ASX-listed warehouses owner Centuria Industrial REIT (CIP). 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Quite an impression: Lendlease’s One Sydney Harbour Residences at Barangaroo will benefit from the return of China-based travellers and buyers, UBS says.

China reopening good for residential and retail property

The return of short- and longer-term travellers from China will boost Australia’s moribund apartment sector, but retail faces tougher headwinds, UBS warns.

  • Michael Bleby

January 2023

CIP fully leased its new Dandenong South industrial estate five months before completion.

‘Huge mismatch’ driving up industrial rents: Centuria

Centuria Industrial REIT lifted rents 19 per cent on new leases over the second half of 2022 as demand for warehouse space in major cities outstripped supply.

  • Larry Schlesinger
Sold at a discount: Dexus recently agreed to sell its 8 Nicholson Street, Melbourne, office tower as one of two properties that collectively took a 12.5pc hit to book value.

Indebted REITs unlikely to have to raise emergency capital

Debt is an issue for property companies, but it’s not extreme. And there are some major differences from the big GFC downturn.

  • Michael Bleby

October 2022

The down-and-out REITs worth buying

Want to know which real estate investment trusts to add to your portfolio at bargain prices? This is what you need to consider.

  • Mark Draper

August 2022

The strong rental market will offset rising debt costs: Jesse Curtis

Industrial property booming despite rising debt costs: Centuria

Centuria Industrial REIT has forecast lower earnings for this financial year despite expecting rents to climb strongly, as it deals with rising finance costs.

  • Larry Schlesinger

July 2022

Jesse Curtis: Rising rents will support valuations.

Industrial property’s ‘spectacular’ run coming to end: analysts

After registering huge valuation increases in recent years, the latest update from $4 billion landlord Centuria Industrial REIT suggests this run may be over.

  • Larry Schlesinger

June 2022

Centuria Industrial REIT now owns 10 assets across 25 hectares at Derrimut in Melbourne’s west.

Centuria Industrial REIT takes $20m gain on $13m purchase

The listed investor is following a broader strategy of acquiring adjoining assets within key infill markets to drive scale and tenant diversity.

  • Martin Kelly

February 2022

Demand for industrial property has risen sharply through the pandemic, sending rents soaring.

Industrial rents to grow by up to 50pc over the next five years

Surging demand for industrial and logistics property meeting low supply can mean only one thing - rapidly rising rents.

  • Martin Kelly
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Jesse Curtis: eCommerce driving warehouse demand

CIP upgrades guidance as ‘tangible’ rental growth kicks in

The owner of $4 billion of logistics assets recorded 10 per cent average rent increases on leasing deals negotiated over the six months to December.

  • Larry Schlesinger

January 2022

CIP will develop an new logistics estate on the eight hectare Campbellfield site.

Centuria Industrial fund hits $4b after ‘last mile’ swoop

The six properties acquired by CIP include an 8-hectare site in Melbourne’s north offered for sale by private equity firm CPE Capital.

  • Larry Schlesinger

September 2021

The Fairfield warehouse leased to Fantastic Furniture sold on a 3.6 per cent yield.

Sydney warehouse value up $65m in nine months

A 60,000 square metre warehouse leased to Fantastic Furniture has set a new yield benchmark of 3.6 per cent after it sold $65m above its book value.

  • Updated
  • Larry Schlesinger

Centuria’s CIP, APN Industria REIT face off with raisings

It’s the battle of the listed industrial property groups on Thursday morning.

  • Anthony Macdonald, Yolanda Redrup and Kanika Sood

August 2021

The trust is undertaking this development with Cadence Property Group in Dandenong South.

Industrial boom still has a long way to run: Centuria

The ‘shops to sheds’ phenomenon as more people shop online is a major driver of warehouse space demand and investor appetite, says fund manager Jesse Curtis.

  • Larry Schlesinger

Original URL: https://www.afr.com/company/cip-d5