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Centuria Industrial REIT Shows Strong Profit Recovery
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Centuria Industrial REIT Shows Strong Profit Recovery

Centuria Industrial REIT (AU:CIP) has released an update.

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Centuria Industrial REIT reported a slight decrease in total revenue by 0.48% for the year ending June 2024, compared to the previous year, while funds from operations saw a modest increase of 1.08%. Notably, the net profit for the period attributable to members showed a significant turnaround, posting a 162.85% increase after the previous year’s loss. The company declared consistent quarterly distributions of 4.000 cents per unit throughout the year and maintained its interests in several joint venture entities.

For further insights into AU:CIP stock, check out TipRanks’ Stock Analysis page.

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