Centuria Industrial REIT Q1 FY27 Operating Update
Key points
- 25,000sqm of lease terms agreed
- FY27 year-to-date re-leasing spreads of 31%
- $34.25 million divestment of Bundamba property
Full summary
Centuria Industrial REIT (CIP) has released its Q1 FY27 operating update, highlighting strong leasing outcomes across 24,929 sqm of Gross Lettable Area (GLA) and the sale of 22 Hawkins Crescent, Bundamba QLD for $34.25 million, in line with book value. The company also announced an opportunity to commercialize its extensive roof space through a renewable energy partnership with Energy Bay, and continues to pursue its data centre strategy with a power pipeline exceeding 250MW. CIP reaffirmed its FY27 Funds From Operations (FFO) guidance range of 18.8-19.2 cents per unit and distribution guidance of 17.3 cents per unit.
Guidance
Reaffirmed FY27 FFO guidance range of 18.8-19.2 cpu, distribution guidance of 17.3 cpu
Outlook
The outlook for CIP remains compelling, with management focused on executing the FY27 strategy to capitalize on embedded value through leasing initiatives, asset repositioning, and capital management opportunities.
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