2 ASX Stocks in Focus: Temple & Webster’s Online Growth and Centuria REIT’s Rental Momentum
Written by
Varun Ratra
Two contrasting companies showing great potential; CIP REIT, which is supported by rental growth and recurring distributions and TPW, positioned to grow from continued shift towards online homewares.
Temple & Webster Group Limited (ASX: TPW)
as on 12 February 2026, reported strong performance of the company in the first half of FY26, accounting for a revenue growth of 20% to $376 million which is complimented by a 13% increase in EBITDA to $13.5 million compared to prior corresponding period. This states that the company is completely disciplined in its operations and returns generation despite a 19% increment in its marketing expenses compared to previous year.
The business had generated a free cash flow of $23 million in the first half which highlights the strength of its asset light business with no debt and a negative working capital. TPW’s cash balance stood at $161 million as on 31 December 2025, which was up from $15 million in the prior corresponding period.
TPW has a market capitalisation of around 722.58 million and had been buying back its shares which was backed by the free cash flow, reflecting strong management confidence in its operations.
The company had recently expanded its operations to New Zealand where it recorded a sale of $1 million in just 4 months, demonstrating company’s continued efforts towards reaching $1 billion in revenue by financial year 2028 and establish its brand value in online retail business.
Centuria Industrial REIT (ASX: CIP)
as on 12 May 2026, highlighted continued momentum in leasing along with improvement in balance sheet as $188 million of assets are divested by the company at an average premium to book value of 17%.
The gearing is expected to be reduced by around 3% while 14,400 sqm of lease terms were agreed during the quarter. Re-leasing spreads for the year has reached 36% which reflects significant rental reversion across the portfolio.
CIP reported an occupancy of 95.7% for the first half of 2026 with a WALE of 7.1 years and NOI growth of 5.1%. The balance sheet remained stable with NTA of $3.96/unit along with good liquidity.
CIP has a market capitalisation of $1.88 billion with an attractive distribution yield of 5.54%. The company also reported Funds From Operations for the first half of 9.1 cents per unit, giving confidence to the investors in its operations.
The company has reaffirmed its updates FY26 guidance for FFO of 18.2-18.5 cents per unit and also the distribution guidance of around 16.8 cents per unit to be paid in four quarters.
(Source: Company Announcements)
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