Tiger Brokers

BUZZ-Morningstar cuts PT for Australia's Centuria Industrial REIT on lower leasing activity

Reuters
May 15, 2025
BUZZ-Morningstar cuts PT for Australia's <a href="https://laohu8.com/S/CIP.AU">Centuria Industrial REIT</a> on lower leasing activity

** Morningstar trims fair value estimate for shares of Centuria Industrial REIT CIP.AX by 3% to A$3.40

** Investment research firm flags stronger-than-expected fastening of re-leasing spreads - the rent uplifts on new leases

** Believes lower spreads likely reflect lesser leasing activity in Sydney - Centuria's strongest market - during the quarter

** Morningstar suspects weakening tenant demand hurt by high interest rates and supply increases; says, however, shares look slightly undervalued

** Six of 9 analysts rate the stock "buy" or higher, three "hold"; their median PT is A$3.33, according to data compiled by LSEG

** Shares last closed at A$3.050 after adjustments, up 7.1% YTD

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10