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Centuria Industrial REIT (CIP)

1H22 Results - Well positioned in the industrial sector

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.

Published - 21/02/2022

Core Property Rating - ACCUMULATE

Target - $4.22

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.