Centuria Industrial (CIP) Q1 2026 TU earnings summary

Executive summary

• Achieved strong leasing activity in Q1 FY26, with 42,500 sqm of lease terms agreed across nine transactions, including a major 10-year lease to Tesla at Derrimut, Vic, with a 133% re-leasing spread.

• Divested 42 Hoepner Road, Bundamba Qld at a 10% premium to book value, contributing to over $270 million in asset sales since 2023 at an average 8% premium.

• On-market buy-back of 7.1 million units worth $24.7 million, narrowing the trading price gap versus divestment metrics.

Financial highlights

• Increased FY26 FFO guidance to 18.2-18.5 cents per unit, up from 18.0-18.5 cpu.

• Reaffirmed distribution guidance at 16.8 cents per unit, expected to be paid quarterly.

• Sale of Bundamba Qld asset delivered a 13% IRR over the period of ownership.

Outlook and guidance

• Portfolio concentrated in urban infill markets with strong tenant demand, low vacancy, and constrained supply, supporting future value-add opportunities.

• Guidance remains subject to unforeseen circumstances and material changes in operating conditions.