Morningstar upbeat on outlook for Australia's Centuria Industrial REIT

Centuria Industrial Reit

12/08/2024 24:27

** Analysts at Morningstar forecast average annual revenue
growth of 5% for the next five years for Centuria Industrial
REIT  CIP.AX  
    ** Says distributions for the real-estate trust are expected
to grow less than 2% per year because of rising debt costs and
based on management guidance that payout ratios will fall
    ** Brokerage maintains A$3.50 per share fair value estimate
and considers the stock modestly undervalued at current prices
    ** Two of 11 analysts rate the stock "buy" or higher, three
"hold" and six "sell" or lower; their median PT is A$3.6 –– LSEG
data
    ** Stock has fallen 35.2% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru; Editing by Sam Holmes)
 ((Sneha.Kumar@thomsonreuters.com;))