Australia's Centuria Industrial REIT slides; Morningstar lifts fair value on growth prospects

Morningstar

12/08/2026 05:40

** Shares of Centuria Industrial REIT CIP.AX fell as much as 1.9% to A$3.07
** Stock on course for steepest one-day percentage decline since July 30
** Morningstar says property trust remains "undervalued", citing rent growth and strong re-leasing
** Investment research firm lifts its fair value estimate by 6% to A$3.70 per unit, says the stock trades at a 16% discount to that valuation
** Also raises its 2027 funds from operations forecast after calling the result "solid" and slightly better than expected
** Adds, demand is firm, new industrial supply is limited and vacancy rates are starting to fall, supporting longer-term growth
** Stock YTD down 7.3%

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))