Centuria Industrial REIT CIP

Morningstar Rating
A$2.73 −0.04 (1.44%)
View Full Chart

Company Report

Solid Rent Growth Underpins Centuria Industrial REIT's Outlook

Centuria Industrial REIT is an externally managed Australian real estate investment trust. It owns a portfolio of more than 80 industrial properties, including distribution centers, manufacturing facilities, and data centers. About 85% of the portfolio by value is in urban infill areas of the major cities, with good prospects for rental growth and potentially redevelopment over the long term for higher and better use, including multistory industrial, mixed use, residential, healthcare, or bulky goods retail.

Price vs Fair Value

CIP is trading at a LOCK|pSGZ%<^ premium.
Price
A$2.73
Fair Value
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Uncertainty
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1-Star Price
%
5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Revenue growth is underpinned by long leases with fixed or CPI-linked rent reviews.

Bears

Higher interest rates are likely to offset the trust's revenue growth.

Trading Information

Previous Close Price
A$2.77
Day Range
A$2.72–2.78
52-Week Range
A$2.72–3.57
Bid/Ask
A$2.72 / A$2.74
Shares Outstanding
624.39M
Market Cap
A$1.70B
Volume/Avg
2M / 1M

Key Statistics

Price/Earnings (Normalized)
11.46
Price/Sales
6.90
Dividend Yield (Trailing)
6.20%
Dividend Yield (Forward)
6.34%
Dividend Payment Schedule
Jan, Apr, Aug, Oct
Total Yield
8.34%

Company Profile

Centuria Industrial REIT owns a AUD 4 billion portfolio of industrial properties, including distribution centers, manufacturing facilities, and data centers. Melbourne and Sydney are its biggest markets at more than a third of portfolio value each, followed by Brisbane, Perth and Adelaide. The trust is externally managed by Centuria Capital Group (ASX: CNI).
Sector
Real Estate
Industry
REIT - Industrial
Stock Style Box
Small Core
Total Number of Employees
—

Competitors

Valuation

Metric
CIP
PLD
GMG
Price/Earnings (Normalized)
11.4645.12174.95
Price/Book Value
0.682.232.12
Price/Sales
6.9013.3621.21
Price/Cash Flow
22.7422.3128.21
Price/Earnings
CIP
PLD
GMG

Financial Strength

Metric
CIP
PLD
GMG
Quick Ratio
0.040.583.05
Current Ratio
0.260.743.55
Interest Coverage
3.415.68358.94
Quick Ratio
CIP
PLD
GMG

Profitability

Metric
CIP
PLD
GMG
Return on Assets (Normalized)
2.54%4.64%8.42%
Return on Equity (Normalized)
4.03%8.64%11.14%
Return on Invested Capital (Normalized)
4.26%5.96%8.81%
Return on Assets
CIP
PLD
GMG

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Morningstar Rating for Stocks
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Market Cap
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LOCK|<Mf>^h$LOCK|pj$123B
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LOCK|qbJYY>LOCK|w$L$8B
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—LOCK|s$M$8B
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—LOCK|bR$8B
Americold Realty Trust Inc
COLD
LOCK|HT#cR!QLOCK|^n$4B

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