Centuria Industrial REIT (ASX: CIP): 1H24 Results: Under-rented industrial portfolio with 5.0% yield.
- Core Property has updated our forecasts following 1H24 results and recent market movements.
- CIP has a core strategy to deliver income and capital growth to investors from a diversified portfolio of industrial assets.
- CIP benefits from significant positive rental reversions and $1.03B development pipeline to drive above sector earnings growth over the short to medium term.
- CIP is well placed to benefit from continued high demand and lack of new supply in the industrial property sector, which is expected to continue to outperform other property sectors. Maintain BUY recommendation.
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