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Centuria Industrial REIT (ASX: CIP)

Conservatively priced exposure to industrial property

Core Property has updated its forecasts for CIP.
  • CIP benefits from high demand, limited supply, and low vacancy in the Australian infill industrial property sector. During 1H25, occupancy remained high and re-leasing spreads continued to accelerate.
  • Over the medium term, CIP’s development pipeline provides the potential to grow earnings, funded by a combination of debt and asset recycling.
  • CIP trades at a significant discount to NTA at a time when industrial property valuations appear to have stabilised. We believe this represents an adequate margin of safety, with the potential for a market recovery to narrow the gap between price and NTA.
  • With strong dynamics from the industrial sector, potential upside from developments and attractive valuation metrics, we maintain our BUY recommendation.
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