Centuria Capital Group
ASX:CNI
Centuria Capital Group
Centuria Capital Group is funds manager company. The company is headquartered in Sydney, New South Wales. The company went IPO on 2002-03-26. The firm delivers a range of products and services to investors, advisers and security holders. Its principal activities are the marketing and management of investment products, including property investment funds and friendly society investment bonds, and co-investments in property investment funds. The company has six segments: Property Funds Management, Co-Investments, Developments, Property and Development Finance, Investment Bonds Management, and Corporate. Property Funds Management segment is engaged in the management of listed and unlisted property funds. Co-Investments segment is involved in direct interest in property funds, properties held for development and other liquid investments. Developments segment manages development projects and completion of structured property developments, which span sectors ranging from commercial office, industrial, health through to residential mixed use.
Centuria Capital Group is funds manager company. The company is headquartered in Sydney, New South Wales. The company went IPO on 2002-03-26. The firm delivers a range of products and services to investors, advisers and security holders. Its principal activities are the marketing and management of investment products, including property investment funds and friendly society investment bonds, and co-investments in property investment funds. The company has six segments: Property Funds Management, Co-Investments, Developments, Property and Development Finance, Investment Bonds Management, and Corporate. Property Funds Management segment is engaged in the management of listed and unlisted property funds. Co-Investments segment is involved in direct interest in property funds, properties held for development and other liquid investments. Developments segment manages development projects and completion of structured property developments, which span sectors ranging from commercial office, industrial, health through to residential mixed use.
Guidance Upgrade: Centuria upgraded its FY '26 operating earnings guidance to $0.136 per security, an uplift of 11.5% on FY '25, citing improved earnings visibility and strong recurring revenue streams.
Recurring Earnings: The majority of operating earnings continue to come from recurring and contracted sources, providing stability despite some period-to-period performance fee volatility.
Balance Sheet Strength: The company highlighted a strong and flexible balance sheet with steady gearing, strong liquidity, and no near-term debt maturities.
Growth in AUM: Assets under management increased by 6% in the half to $21.8 billion, with strong performance in property funds management and real estate finance.
Private Credit Expansion: Centuria increased its ownership in Bass Credit to 100% and executed $1.4 billion of credit activity in the half, pointing to further growth potential.
ResetData Update: ResetData remains in early commercialization, is expected to be a net negative contributor this year, but management expects losses to reduce in the second half as customer onboarding progresses.
Performance Fees: Performance fees are expected to be roughly $20 million for the year, mainly from Primewest retail and industrial assets.
