• Strong 6.4% like for like NOI growth
• 8.9cpu of earnings delivered in HY25
• Over 79,000sqm of leasing secured, delivering 50% re-leasing spreads

Centuria Industrial REIT (CIP) reported strong HY25 results, leveraging market fundamentals to deliver income growth and proactive capital management. Key highlights include 6.4% like for like NOI growth, 8.9cpu of earnings delivered, and over 79,000sqm of leasing secured at 50% re-leasing spreads. The portfolio remains well-positioned, with 87% located in strategic infill markets, 90% exposure to the east coast, and 93% of income from ASX-listed, national and multinational tenant customers. CIP executed $60m of strategic divestments during the period at a 5% premium to book value, and $200m of interest rate hedging at attractive pricing. Gearing remains conservative at 33.5%, with no debt maturities until FY26 and 85% of debt hedged. CIP reiterated FY25 FFO guidance of 17.5cpu and distributions of 16.3cpu, demonstrating the resilience of the portfolio and active management approach.

CIP reiterated FY25 FFO guidance of 17.5 cents per unit and FY25 distributions of 16.3 cents per unit, a 93% payout ratio.

CIP remains well-positioned to capitalize on strong industrial market fundamentals, with a high-quality portfolio focused on infill markets, secure tenant customers, and a robust capital structure.