Centuria Industrial REIT (ASX:CIP) said 23,000 square meters of lease terms were agreed across six deals in the fiscal third quarter, increasing its total leasing activity to about 102,000 square meters year to date, according to a Wednesday Australian bourse filing.
The development of Caribou Drive and Mirage Road, collectively worth about AU$60 million, is expected to achieve practical completion in the first and third quarters of 2026, respectively. 346 Boundary Road is anticipated to commence in the next quarter.
During the period, the real estate investment trust acquired a 30% interest in a AU$38.6 million industrial facility at 7-11 and 25-27 Gauge Circuit, Canning Vale, Western Australia for AU$11.6 million, with the balance acquired by a company-managed unlisted fund.
The REIT reaffirmed its fiscal 2025 funds from operations guidance of AU$0.175 and distribution guidance of AU$0.163, expected to be paid in quarterly instalments.
The REIT's shares fell nearly 1% in recent Wednesday trade.
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