Morningstar keeps fair value estimate unchanged for Australia's Centuria Industrial REIT

Morningstar maintains fair value estimate on Australia's Centuria Industrial REIT CIP.AX at A$3.50 per share

The real estate investment trust on Friday confirmed distribution for the quarter ending Dec 31 will be 4.2000 Au cents per unit

"Centuria Industrial's stock price has risen nearly 19% year to date, significantly beating the S&P/ASX 200 A-REIT index's 2% increase" - Morningstar

Co in late-October raised lower end of its FY26 funds from operations (FFO) guidance range from 18.0 Au cents to 18.2 Au cents per unit in its Q1 update

Our FY26 FFO forecast was in the upper half of the previous guidance range and now is in the middle of the new range - Morningstar

Six of 10 analysts rate the stock "buy" or higher, four "hold"; their median PT is A$3.65, according to data compiled by LSEG

Stock has risen 20.2% this year, as of last close