Centuria Industrial REIT lifts FY26 earnings, upgrades outlook
AI Market Summary
Centuria Industrial REIT reported stronger full-year results, with FFO up 4%, stable distributions in line with guidance, and higher NTA. Portfolio metrics were supportive, including 5.2% like-for-like NOI growth, 95.2% occupancy, and a 7-year WALE, alongside $200m asset sales at a 17% premium. Entry into data centers via ~$60m acquisitions signals potential earnings diversification, likely improving sector sentiment in Australian listed property.
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Centuria Industrial REIT reported full-year results with funds from operations (FFO) up 4% to A$114.1 million, or 18.2 cents per unit. Distributions were 16.8 cents per unit, in line with guidance.
Net tangible assets rose to A$4.01 per unit, while like-for-like net operating income increased 5.2%. The trust completed A$200 million of asset sales at an average 17% premium. Portfolio occupancy stood at 95.2%, with a weighted average lease expiry (WALE) of 7 years.
Leasing activity totalled 226,200 square metres for the year, close to a record. Centuria Industrial REIT also announced an entry into data centres, acquiring two strategic assets valued at about A$60 million.
