• Launching a fully underwritten A$300m guaranteed exchangeable notes offering due September 2030
• Concurrent reverse bookbuild to repurchase up to A$300m of existing 3.95% exchangeable notes due March 2028
• New notes to be exchangeable into CIP units at an initial exchange price of $4.00-4.03 per security

Centuria Industrial REIT (CIP) is pleased to announce the launch of a fully underwritten A$300m guaranteed exchangeable notes offering due September 2030, exchangeable into units of CIP. Concurrently, CIP is conducting a reverse bookbuild process to repurchase up to A$300m of the outstanding 3.95% exchangeable notes due March 2028. The new notes will be offered at a fixed coupon of 3.50% per annum and will be exchangeable into CIP units at an initial exchange price of $4.00-4.03 per security, representing a 2.0-2.8% premium to CIP's NTA of $3.92 as at 30 June 2025. The net proceeds from the new notes will be used for the repurchase of the existing notes. Key features of the new notes include a 5-year maturity, an investor put option in September 2028, and an expected Baa2 rating by Moody's. The settlement of the repurchase is subject to the successful issuance of the new notes.

CIP reaffirms FY26 funds from operations (FFO) guidance of 18.0-18.5 cents per unit and a distribution guidance of 16.8 cents per unit.