Centuria Industrial reports $114.1M in annual earnings
- Centuria Industrial REIT delivered $114.1 million in funds from operations for the 2026 financial year.
- The trust declared a 16.8-cent per unit distribution and recorded a 5.2% operating income increase.
- The company stated its strategy involves expanding into data centres and maintaining high portfolio occupancy.
Centuria Industrial REIT (ASX:CIP) reported a 4% increase in annual funds from operations to $114.1 million.
The trust's statutory net profit rose to $160.4 million from $133.1 million last year. The company booked $200 million of divestments in FY26 at a 17% average premium to book value.
"The high volume of leasing, along with consistently strong re-leasing spreads, enabled CIP to achieve significant net operating income growth, which translated into tangible growth in funds from operations," said Centuria Industrial Fund Manager Grant Nichols.
The business executed $200 million in asset divestments at an average 17% premium to book value.
Despite the company forecasting increased distributions for 2027, following the announcement, the Centuria Industrial share price was down at $3.01.
For FY27, the company provided a guidance range of 18.8-19.2 cents per unit, up 5.5% above FY26, and a distribution guidance of 17.3 cents per unit.
The portfolio maintained a 95.2% occupancy rate alongside a weighted average lease expiry of seven years.
The company acquired two data centre assets for approximately $60 million to increase its digital infrastructure exposure.
