Centuria Industrial REIT (ASX: CIP) reported 1H22 Results for the 6 months to 31 December 2021.
Key points from the result include:
- Strong 1H22 performance with acquisitions improving portfolio metrics.
- Strong valuation gains with NTA of $4.21 per unit, up 9.6% in 6 mths.
- Attractive portfolio metrics, diversified with 52% in Distribution/Logistics, 21% in Data Centres/Cold Storage, 25% Manufacturing.
- FY22 earnings upgraded to 18.2 cpu (from 18.1 cpu), distributions reiterated at 17.3 cpu.
Core Property maintains an ACCUMULATE recommendation, with an upgraded price target of $4.22 per security (from $4.20 per security).
Download our report for the full details.