Analysts positive on Centuria Industrial REIT; Morningstar raises target price

Centuria Industrial Reit

07/08/2025 01:37

Updates

** Analysts at Morningstar raise fair value estimate of Australia's Centuria Industrial REIT CIP.AX by 3% to A$3.50; Morgan Stanley increases PT by 3% to A$3.31
** Raise fair value estimate citing modestly higher earnings forecasts, time value of money and accretive unit buyback — Morningstar
** Morningstar upgrades FY26 FFO guidance by 2% to 18.3 Australian cents per unit, which is close to the top end of co's forecast of 18-18.5 AU cents per unit and higher than Morgan Stanley's guidance of 17.8 AU cents per unit
** Morgan Stanley says strong outlook supported by lower debt cost and 5% average net operating income in medium term as rents close the gap

** New vacancies emerged at Fairfield and Bundamba could have impact of nearly 1.8 AU cents per unit on FY26 FFO — Morgan Stanley

** Stock last up 3.3%, bringing YTD gains to 17.4%

($1 = 1.5380 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))