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Centuria Industrial REITASX:CIP 78 Earnings Yield (Joel Greenblatt) % is 6.93% as of Jun. 2026, which is 0% above its 10-year median of 6.92. GuruFocus rates ASX:CIP with a GF Score™ of 78/100 and a GF Value™ of A$3.37 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 960 REITs companies, Centuria Industrial REIT ranks better than 74.06% on this metric.
Centuria Industrial REIT's Enterprise Value for the quarter that ended in Jun. 2026 was A$3,264.0 Mil.
Centuria Industrial REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$226.3 Mil. Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.93%.
The historical rank and industry rank for Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:CIP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.09 Med: 6.92 Max: 19.66
Current: 6.93
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Centuria Industrial REIT was 19.66%. The lowest was -1.09%. And the median was 6.92%.
ASX:CIP's Earnings Yield (Joel Greenblatt) % is ranked better than 74.06% of 960
companies
in the REITs industry
Industry Median: 3.47
vs ASX:CIP: 6.93
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Centuria Industrial REIT's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Centuria Industrial REIT Earnings Yield (Joel Greenblatt) % Related Terms
Centuria Industrial REIT Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Industrial subindustry, Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Centuria Industrial REIT Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Centuria Industrial REITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2026 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 6.93% mean?
Centuria Industrial REIT (ASX:CIP) has a Earnings Yield (Joel Greenblatt) % of 6.93% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Centuria Industrial REIT and its competitors. This is near median its historical median of 6.92. According to the industry distribution chart, Centuria Industrial REIT ranks #249 out of 960 companies in the REITs industry, placing it in the top 25.9%.
Is Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) % too high?
Centuria Industrial REIT's current Earnings Yield (Joel Greenblatt) % of 6.93% is near median its 10-year median of 6.92. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.47. Centuria Industrial REIT's value of 6.93% is 99.7% above this industry median. Based on the distribution chart, Centuria Industrial REIT ranks #249 out of 960 companies in the REITs industry, which is above the industry midpoint. Overall, Centuria Industrial REIT has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Centuria Industrial REIT's Earnings Yield (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Centuria Industrial REIT ranks #249 out of 960 companies for Earnings Yield (Joel Greenblatt) %. This puts Centuria Industrial REIT in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.47. Centuria Industrial REIT's value of 6.93% is 99.7% above this benchmark. While the company's 10-year median is 6.92 vs. the industry median of 3.47, Centuria Industrial REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.47, based on 960 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Centuria Industrial REIT's current Earnings Yield (Joel Greenblatt) % of 6.93% is 99.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Centuria Industrial REIT and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centuria Industrial REIT's current Earnings Yield (Joel Greenblatt) % is 6.93%, which is near median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centuria Industrial REIT stock overvalued right now?
Based on GuruFocus' analysis, Centuria Industrial REIT (ASX:CIP) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.37, compared to a current price of A$3.04 — trading 9.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.93%, which is near median its 10-year median of 6.92 and 99.7% above the REITs industry median of 3.47. Centuria Industrial REIT's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Centuria Industrial REIT (ASX:CIP), the current Earnings Yield (Joel Greenblatt) % is 6.93% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Centuria Industrial REIT (ASX:CIP) Overvalued in 2026?
Based on GuruFocus' analysis, Centuria Industrial REIT stock appears to be undervalued.
The current stock price of A$3.04 is trading 9.8% below its estimated GF Value™ of A$3.37.
GuruFocus considers Centuria Industrial REIT to be Modestly Undervalued.
Key valuation signals for ASX:CIP:
Earnings Yield (Joel Greenblatt) %: 6.93% (near median its 10-year median of 6.92)
GF Value™: A$3.37 vs. price of A$3.04 (9.8% below fair value)
Industry Position: 99.7% above the REITs median (#249 of 960)
No single metric tells the full story. See the ASX:CIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centuria Industrial REIT owns a AUD 4 billion portfolio of industrial properties, including distribution centers, manufacturing facilities, and data centers. Melbourne and Sydney are its biggest markets at more than a third of portfolio value each, followed by Brisbane, Perth and Adelaide. The trust is externally managed by Centuria Capital Group (ASX: CNI).
78GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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