Morningstar upbeat on outlook for Australia's Centuria Industrial REIT
** Analysts at Morningstar forecast average annual revenue growth of 5% for the next five years for Centuria Industrial REIT CIP.AX
** Says distributions for the real-estate trust are expected to grow less than 2% per year because of rising debt costs and based on management guidance that payout ratios will fall
** Brokerage maintains A$3.50 per share fair value estimate and considers the stock modestly undervalued at current prices
** Two of 11 analysts rate the stock "buy" or higher, three "hold" and six "sell" or lower; their median PT is A$3.6 –– LSEG data
** Stock has fallen 35.2% this year, as of last close
Reporting by Sneha Kumar in Bengaluru; Editing by Sam Holmes
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