• Strong 5.1% like-for-like Net Operating Income (NOI) growth
• $57.3m Funds From Operations (FFO), 9.1 cents per unit (cpu), 8.4 cents distribution per unit (dpu)
• $3.95 per unit Net Tangible Assets (NTA)

Centuria Industrial REIT (CIP), Australia's largest domestic pure-play industrial REIT, has announced its Half Year financial results for the period ended 31 December 2025. The REIT delivered strong financial and operational performance, with a 5.1% like-for-like Net Operating Income (NOI) growth, $57.3m Funds From Operations (FFO) at 9.1 cents per unit (cpu), and an 8.4 cents distribution per unit (dpu). The REIT's Net Tangible Assets (NTA) stood at $3.95 per unit. CIP completed $36m of its $60m on-market buy-back and refinanced $775m of debt, including a new Exchangeable Note issuance, extending the weighted average debt maturity to 4.0 years. The portfolio occupancy increased to 95.7%, with a Weighted Average Lease Expiry (WALE) of 7.1 years. CIP continued to expand its data centre exposure, acquiring two strategic assets and submitting a development application for a new 40MW data centre. The REIT also progressed several value-add and development projects, including a 21,000sqm multi-unit greenfield development and redevelopment plans for sites in Coopers Plains and Wetherill Park. CIP reaffirmed its upgraded FY26 FFO guidance range of 18.2-18.5cpu and distribution guidance of 16.8cpu.

CIP reaffirms its increased FY26 FFO guidance range of 18.2-18.5cpu and reaffirms its distribution guidance of 16.8cpu, expected to be paid in quarterly instalments.

CIP maintains significant earnings upside due to its strong, anticipated medium-term income growth resulting from material under-renting across the portfolio, expected improved portfolio occupancy, prudent completed capital management and the expected market rental growth stemming from Australia's favourable industrial market conditions. Improving tenant demand and constrained supply is expected to drive the national vacancy to less than 2.0% by 2030, providing a pathway to continued strong market rental growth.