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Australian REIT owning industrial and logistics property, including warehouses and urban infill industrial assets.
Australian REIT owning industrial and logistics property, including warehouses and urban infill industrial assets.
Earns rent from warehouse tenants, mostly on multi-year leases with built-in rent reviews, and passes most of that income to unit holders as distributions. It is run by Centuria Property Funds, part of Centuria Capital Group, which charges the trust management fees.
In one line: An industrial/logistics REIT like a smaller Prologis.
Moat: narrow (installed base, scale). Well-located urban infill industrial land is scarce and supports durable occupier demand.
Headquarters: Sydney, Australia · Founded: 2019
Size Centuria Industrial REIT (CIP.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $1.28B, the 157th largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.97 on 6 Nov 2026.
Performance Over six months the shares gained 1.0%, against -7.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +4.6%); the operating margin is 59.0% (peer median 37.5%).
Valuation It trades at 0.74× book value against a peer median of 1.08× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 9.5%; Centuria Industrial REIT delivers 6.4%, so the price asks more than the business earns today.
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$250M | A$250M | A$235M | A$225M | A$225M |
| Revenue growth | — | +6% | +4% | 0% | — |
| Gross profit | A$164M | A$164M | A$153M | A$151M | A$152M |
| EBITDA | A$147M | A$147M | A$141M | A$134M | A$147M |
| Net income | A$160M | A$160M | A$133M | A$48.1M | -A$76.6M |
| Free cash flow | A$95.7M | A$95.7M | A$95.9M | A$95.5M | A$97.6M |
| Capital expenditure | A$0 | A$0 | A$0 | A$0 | A$0 |
| Total debt | n/a | A$1.38B | A$1.36B | A$1.33B | A$1.29B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Centuria Industrial REIT CIP.AX | $1.28B | +1% | +6% | 6% | 0.74× | 9.5% |
| Goodman GMG.AX | $39.6B | -11% | +17% | 12% | 2.28× | 26.9% |
| GPT GPT.AX | $6.88B | +11% | -8% | 10% | 0.92× | 11.0% |
| Growthpoint Properties Australia GOZ.AX | $1.09B | -2% | 0% | 4% | 0.69× | 8.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CIP.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | -0.8% | 3rd highest of 21 |
| 6-month return | +1.0% | -7.9% | 5th highest of 21 |
| Return on equity | 6.4% | 5.3% | 6th highest of 20 |
| Price / book | 0.74× | 1.08× | 2nd cheapest of 21 |
| Trailing P/E | 11.6× | 16.8× | 4th cheapest of 16 |
| ROE the price implies | 9.5% | 5.5% | 8th most demanding of 21 |
| ROE delivered | 6.4% | 5.9% | 6th highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Centuria Industrial REIT CIP.AX | Australia | $1.28B | +1% | +6% | 6% | 0.74× | 9.5% | 6.4% |
| UMH Properties UMH | United States | $1.28B | -6% | +9% | 3% | 2.37× | 18.9% | 2.8% |
| Alexander's ALX | United States | $1.29B | +3% | +8% | 107% | 5.67× | 34.9% | 107.4% |
| American Assets Trust AAT | United States | $1.32B | +2% | -8% | 2% | 1.19× | 11.1% | 1.9% |
| Esr-reit 9A4U.SI | Singapore | $1.33B | -14% | +5% | 1% | 0.84× | 5.5% | 0.8% |
| Piedmont Realty Trust PDM | United States | $1.23B | +18% | +3% | -6% | 0.85× | 10.5% | -5.9% |
| Hulic Reit 3295.T | Japan | $1.23B | -17% | +5% | 6% | 0.96× | 4.6% | 5.9% |
| Mitsui Fudosan Retail Fund Investment 8964.T | Japan | $1.23B | -16% | -6% | 7% | 1.10× | 4.6% | 6.8% |
| Daiwa Securities Living Investment 8986.T | Japan | $1.22B | -25% | +42% | 7% | 1.02× | 5.4% | 7.1% |
| Comforia Residential REIT 3282.T | Japan | $1.36B | -20% | +17% | 6% | 1.27× | 5.1% | 6.3% |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 5% | 0.89× | 4.1% | 5.3% |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 6% | 1.07× | 4.5% | 5.9% |
| Fortune Real Estate Investment Trust 0778.HK | Hong Kong | $1.19B | -11% | -9% | 0% | 0.37× | 4.5% | -0.3% |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 1.51× | 4.4% | n/a |
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 5% | 0.78× | 4.4% | 5.1% |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | -2% | 2.84× | 10.5% | n/a |
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 6% | 1.19× | 4.8% | 6.2% |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 1% | 1.22× | 6.0% | n/a |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 12% | 0.82× | 8.6% | 12.3% |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 5% | 0.84× | 10.8% | n/a |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 61% | 3.43× | 33.7% | 60.6% |