Centuria Industrial REIT Announces Strong Q1 FY25 Performance

Centuria Industrial REIT (AU:CIP) has released an update.

Centuria Industrial REIT reported a strong start to FY25 with significant leasing activity and successful asset sales, achieving a 54% positive re-leasing spread. The company divested non-core assets at a premium and secured a strategic land acquisition, enhancing its urban infill portfolio. Centuria remains optimistic about its development pipeline and sustainability initiatives, reaffirming its financial guidance for the year.

For further insights into AU:CIP stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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