Centuria Industrial REIT First Half 2023 Earnings: FFO per share: AU$0.09 (vs AU$0.094 in 1H 2022)

Centuria Industrial REIT (ASX:CIP) First Half 2023 Results

Key Financial Results

• Revenue: AU$113.2m (up 15% from 1H 2022).

• Funds from operations (FFO): AU$54.1m (flat on 1H 2022).

• FFO margin: 48% (down from 55% in 1H 2022).

• FFO per share: AU$0.09.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Centuria Industrial REIT Earnings Insights

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Centuria Industrial REIT (1 doesn't sit too well with us) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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