Key points
- Funds from operations up 4.57% to $56.6 million
- Net profit increased 414.03% to $62.6 million
- Distributions of 4.0 cents per unit for Q4 FY24
Full summary
Centuria Industrial REIT (CIP) has released its Appendix 4D for the half-year ended 31 December 2024. The REIT reported a 24.01% increase in total revenue and other income to $142.7 million, compared to $115.1 million in the previous corresponding period. Funds from operations grew 4.57% to $56.6 million, up from $54.1 million. Net profit for the period attributable to members increased significantly by 414.03% to $62.6 million, compared to $12.2 million in the prior corresponding period. CIP declared distributions of 4.0 cents per unit for the June 2024 quarter, 4.075 cents per unit for the September 2024 quarter, and 4.075 cents per unit for the December 2024 quarter. The REIT's net tangible assets per share remained steady at $3.89 as at 31 December 2024.