• $110.9m Funds From Operations (FFO), up 2% pcp
• 17.5 cents per unit (cpu) FFO, 16.3 cents distribution per unit (dpu), in line with FY25 guidance
• $3.92 per unit Net Tangible Assets (NTA)

Centuria Industrial REIT (CIP) has announced its Full Year financial results for the period ended 30 June 2025. CIP delivered FFO of $110.9million or 17.5cpu, in line with FY25 guidance. Distributions of 16.3cpu were also in line with guidance. CIP's portfolio provided another strong performing year, delivering significant re-leasing spreads averaging 34% and solid 5.8% like-for-like NOI growth. CIP divested four assets for a combined value of $140million at an average 12% premium to prior book values. CIP maintained a strong balance sheet with 33.2% pro forma gearing, 86% debt hedged, and $457million of liquidity. CIP has announced an on-market buy-back of up to $60million, funded from recent divestment proceeds. The outlook for Australian urban infill industrial real estate remains extremely favourable, with CIP providing FY26 FFO guidance of 18.0-18.5cpu (up to 6% above FY25) and distribution guidance of 16.8cpu (3% above FY25).

CIP provides FY26 FFO guidance of between 18.0 - 18.5cpu (up to 6% above FY25) and distribution guidance of 16.8cpu (3% above FY25), expected to be paid in quarterly instalments.

Looking ahead, CIP is well positioned to take advantage of the positive outlook for Australian urban infill industrial real estate. Vacancy rates remain very low, while supply is very constrained - despite the strong rental growth seen during the past five years, market rents remain below the required economic rent for new development in virtually all markets. Coupled with the ongoing industry tailwinds, most notably population growth and increasing e-commerce adoption, the outlook for rental growth over the medium term is compelling.