• 5.2% like-for-like Net Operating Income (NOI) growth
• $114.1m Funds From Operations (FFO), up 4% on a cpu basis
• 18.2 cpu FFO, 16.8 cents distribution per unit (dpu)

Centuria Industrial REIT (CIP), Australia's largest domestic pure-play industrial REIT, announced its FY26 financial results, showing a strong 5.2% like-for-like Net Operating Income (NOI) growth and $114.1 million Funds From Operations (FFO), up 4% on a cents per unit (cpu) basis. The company reported 18.2 cpu FFO and 16.8 cents distribution per unit (dpu), in line with FY26 guidance. CIP also achieved $4.01 per unit Net Tangible Assets (NTA), trading at a 25% discount to NTA. The portfolio saw $200 million of divestments at a 17% average premium to book value, near-record leasing volume of 226,200sqm, and 30% positive re-leasing spreads. The company also identified opportunities for data centre conversions, potentially exceeding 250MW. FY27 guidance includes FFO of 18.8 - 19.2cpu and distributions of 17.3cpu.

FY27 FFO guidance: 18.8 - 19.2cpu, distributions: 17.3cpu

CIP's outlook is strong with medium-term rental growth expected due to low vacancy rates and under-renting opportunities.