Loading companies…

Centuria Industrial Reit ASX:CIP

1 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

30 Sep 2025 to today

Commentary 2 comments

DateManagerActionSummary

31 Mar 2026PM CapitalIncreasedPM Capital increased its position in Centuria Industrial REIT because the fund used share price weakness — driven by higher interest rates and broader economic concerns — as an opportunity to add to its holding at prices it considers attractive relative to the quality of the underlying industrial portfolio. PM Capital notes that Centuria's urban infill industrial portfolio is high quality and difficult to replicate, providing greater resilience than the broader REIT market, and had previously reduced the position in late 2025 as it approached its valuation target.

Quarterly Report, price recorded $2.88

The source document link is a Pro feature

30 Sep 2025PM CapitalReducedThe fund manager reduced their holding in Centuria Industrial REIT following a gain of more than 20% in 2025, locking in profits given reduced upside. They note the original de-rating through 2023 and 2024 was driven by higher interest rates pushing up initial yields, while the portfolio remained under-rented amid strong demand and limited new supply in Sydney and Melbourne urban infill markets. The manager believes the dynamic of rising rents as leases reset to current market levels has further to run, but the trim reflects reduced upside potential.

Quarterly Report, price recorded $3.49

The source document link is a Pro feature

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on CIP.

View Pro

About Centuria Industrial Reit

Real Estate, Equity Real Estate Investment Trusts (REITs)

Centuria Industrial REIT (ASX:CIP), an owner of Australian industrial property, had a challenging quarter according to PM Capital. In March 2026, PM Capital reported its position in Centuria Industrial REIT declined 13% over the quarter, though it said the underlying industrial portfolio remains fundamentally sound, with high occupancy and positive rent reversion, and attributed the fall to higher bond yields weighing on listed property. Centuria Industrial REIT operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 2 comments from 1 fund manager, PM Capital. Founded in 2002 and headquartered in Sydney, Centuria Industrial REIT is Australia's largest domestic pure-play industrial REIT, owning warehouses, distribution centres and manufacturing facilities in major metropolitan markets, leased to tenants in logistics, manufacturing and food production, and is managed by Centuria Capital.

Market cap: $1.7b
Price to earnings: 11.6x
Return on equity: 6.4%
Dividend yield: 5.4%
Price to book: 0.74x
Net margin: 62.5%
52-week range: $2.68 to $3.59

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Centuria Industrial Reit (ASX:CIP)?

Fund managers including PM Capital have invested in Centuria Industrial Reit (ASX:CIP).

What opportunities or catalysts do fund managers highlight for Centuria Industrial Reit?

PM Capital highlights the fundamental strength of Centuria Industrial's portfolio, with high occupancy and positive rental growth in industrial property.

What are the key risks to the Centuria Industrial Reit investment thesis, according to fund managers?

PM Capital notes a 13% share price fall over the quarter, reflecting sensitivity to interest rates and bond yields.

What does Centuria Industrial Reit (ASX:CIP) do?

Centuria Industrial REIT is an Australian property investment and fund management company. Founded in March 2002 and headquartered in Sydney, the firm specialises in the acquisition and active management of industrial real estate assets across Australia. Positioned as a dedicated industrial property investor, the company focuses on generating returns through its diversified portfolio of industrial properties.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…