• New Tesla 10-year lease provides +133% re-lease spread for Derrimut Vic asset, defers planned re-development
• Opportunity for a second data centre development adjacent to the Telstra Data Centre of up to 40MW
• Divestment of 42 Hoepner Road, Bundamba Qld at c.10% premium to book value

Centuria Industrial REIT (CIP) is pleased to provide its Q1 FY26 operating update. The first quarter was punctuated with significant value-add opportunities, including a new 10-year lease with Tesla at the Derrimut, Victoria asset, which defers the planned redevelopment. The Tesla lease provides a +133% re-leasing spread. CIP is also seizing the opportunity to develop a second data centre adjacent to the Telstra Data Centre in Clayton, Victoria, following Telstra's surrender of an underutilised portion of the site. The agreed surrender does not materially impact CIP's FY26 FFO and is expected to be accretive to NTA once a development approval and power allocations are finalised. During the period, CIP exchanged sale contracts to divest 42 Hoepner Road, Bundamba, Queensland for $11.8 million, which provides a 10% premium to its June 2025 book value. CIP has also executed an on-market buy-back campaign, totalling 7.1 million units worth $24.7 million, to narrow the trading price versus divestment metrics. CIP has increased its FY26 FFO guidance range to 18.2-18.5 cents per unit, while reaffirming its distribution guidance of 16.8 cents per unit.

CIP has increased its FY26 FFO guidance range to 18.2-18.5 cents per unit from 18.0-18.5 cents per unit. Distribution guidance is reaffirmed at 16.8 cents per unit, which is expected to be paid in quarterly instalments.