Centuria Industrial REIT

CIP: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$2.80	Ffm	Rmcjgppss

Centuria Industrial REIT Earnings: Hedges Defray Higher Interest Rate Headwind

Adrian Atkins

Jul 31, 2024

No-moat Centuria Industrial REIT reported fiscal 2024 funds from operations, or FFO, of AUD 109 million, or AUD 17.2 cents per unit, up 1% on the prior year. The AUD 16 cent per unit distribution was flat on fiscal 2023. The result met our expectations, and our AUD 3.50 per unit fair value estimate stands. Shares in Centuria Industrial REIT trade at a modest discount to our intrinsic assessment, with a yield of 5%.

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