Why are these ASX property stocks worth a look - CIP, CQE, ADI 


  • Centuria Industrial REIT has boosted its portfolio with high-quality urban infill industrial freehold assets.
  • FY21 was an active year for Charter Hall Social Infrastructure REIT, which delivered strategic initiatives and completed two major social infrastructure acquisitions.
  • APN Industria REIT is acquiring assets with significant value creation opportunities.

With the property market making gradual recovery amid the ongoing COVID-19 pandemic, there are certain players in the sector that are making swift headway towards big investments.

In this article, we have talked about three property stocks listed on the Australian Securities Exchange (ASX) that have made significant developments.

Centuria Industrial REIT acquires new assets, announces equity raising

Centuria Industrial REIT (ASX:CIP) is Australia’s largest domestic pure-play industrial REIT, engaged in building investment properties portfolio within the country.

Steered by its vision to host a high-quality portfolio of urban infill industrial freehold assets, CIP has signed a contract for the acquisition of four new assets. Also, the firm has completed the acquisition of four other freehold assets.

The eight assets have a total purchase price of AU$351.3 million.

Property Acquisition, Centuria Industrial REIT (ASX:CIP)

Source: © nespix | Megapixl.com

The acquisition will be partially funded via a fully underwritten institutional placement raising AU$300.0 million and a non-underwritten unit purchase plan raising up to AU$25.0 million. The proceeds from the placement will also be utilised to provide capacity to debt fund the acquisition pipeline.

Shares of Centuria Industrial REIT last traded at AU$4.010 on 22 September 2021.  

ALSO READ: Three ASX-listed REITs eyeing 52-week highs

Charter Hall achieves improved earnings in FY21

Charter Hall Social Infrastructure REIT (ASX:CQE) built a strong momentum in the last fiscal year FY21 with operating earnings of AU$58.0 million, 13.5% higher on the previous year.

It recorded an increase of 103.4% in statutory profit to AU$174.1 million in FY21.

Charter Hall has been working to embrace larger social infrastructure assets, adding variety to its portfolio. In FY21, the firm executed acquisition deals of two social infrastructure properties - Mater Health corporate headquarters and training facilities located in Brisbane and the South Australian Emergency Services Command Centre being developed in Adelaide.

Profit up, Charter Hall Social Infrastructure REIT (ASX:CQE)

Image Source: © Alphaspirit | Megapixl.com

CQE shares traded ~0.663% higher at AU$3.795 on 23 September. The company has a market capitalisation of AU$1.37 billion.

APN Industries REIT scales up portfolio with major acquisitions

Australian real estate investment trust APN Industries (ASX:ADI) has inked agreements to acquire interests in a portfolio of 51 industrial properties and development opportunities for ~AU$368 million.

APN aims to deliver transformational growth for industrial securityholders through these acquisitions.

The deal involves the acquisition of a 33.3% interest in investment properties and development land at Jandakot Airport, Perth (WA), 100% interest in 2 Maker Place at Truganina (VIC), and 50% interest in a development at Kemps Creek (NSW).

The transaction will be partially funded via a fully underwritten equity raising of AU$350 million.

ADI stock last traded at AU$3.740 on the ASX on 22 September, with market capitalisation of AU$812.19 million.

RELATED ARTICLE: Can Australian property market breach $9 trillion mark by the end of 2021?





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