Centuria Industrial (CIP) Q3 2026 TU earnings summary

Executive summary

• Achieved $188 million in property divestments at an average 17% premium to book value, reducing gearing by approximately 3%.

• Completed and sold 50-64 Mirage Road, Direk SA for a 33% premium to project costs, delivering a c.25% IRR to unitholders.

• Settled acquisition of a data centre in Wellcamp QLD and a strategic asset in Yarraville VIC, progressing data centre development opportunities.

Financial highlights

• FY26 year-to-date re-leasing spreads averaged 36%, reflecting strong rental growth.

• Four property divestments totaled $188 million, with individual premiums to book value ranging from 4% to 33%.

• 680 Boundary Road, Richlands QLD settled for $38 million, a 23% premium to book value.

Outlook and guidance

• Reaffirmed FY26 FFO guidance of 18.2-18.5 cents per unit and distribution guidance of 16.8 cents per unit, to be paid quarterly.

• Expects supply-demand imbalance in domestic infill industrial market to persist, supporting asset values.

• Macroeconomic uncertainty from Middle East conflicts and global oil constraints may impact inflation and construction costs.