Centuria Industrial (CIP) Q1 2027 TU earnings summary

Executive summary

• Q1 FY27 leasing activity reached 24,929 sqm across seven deals; year-to-date re-leasing spreads averaged 31%.

• FY27 FFO and distribution guidance reaffirmed, while a $34.25m Bundamba sale aligned the portfolio more closely with smaller-box assets.

Financial highlights

• FY27 FFO guidance remains 18.8–19.2 cpu, up to 5.5% above FY26; distribution guidance is 17.3 cpu, 3% above FY26.

Outlook and guidance

• FY27 guidance is subject to unforeseen circumstances and material changes in operating conditions; distributions are expected quarterly.

• Data centre opportunities are expected to materialise primarily from FY28 onward, supporting potential long-term value creation.