A 5.5% yield but down 30%! Is it time for me to buy this ASX 200 stock at a bargain-basement price?
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The S&P/ASX 200 Index (ASX: XJO) stock Centuria Industrial REIT (ASX: CIP) has seen its share price fall close to 13% since 20 September, and it’s down a hefty 30% from December 2021. I get excited when I see declines of this scale for a compelling company.
What type of business is it? CIP describes itself as Australia’s largest domestic pure-play industrial real estate investment trust (REIT). Its industrial properties are situated in key metropolitan locations throughout Australia. The ASX 200 stock aims to provide a mixture of passive income and capital growth.
It’s a defensive business that could appeal in an uncertain economic time because of the high-quality nature of its rental portfolio.
At the end…
