Centuria Industrial REIT (CIP)

FY21 Results - Transformational Growth

Centuria Industrial REIT (ASX: CIP) reported FY21 Results for the 12 months to 30 June 2021.

FFO was in line with CIP’s upgraded guidance of 17.6cpu, with distributions of 17.0cpu, representing a payout ratio of 97%. Both represent a reduction on a per unit basis in comparison to FY20, (FFO -7% and distributions -9%) however, come as a result of the high level of acquisitions to strengthen the portfolio.

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Published - 26/08/2021

Core Property Rating - ACCUMULATE

Target - $4.20

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