Centuria’s half-year results delivered an earnings upgrade of 13.6 cents per security, underpinned by strong funds management activity including growth in alternative real estate sectors, which now account for 27% of the Group’s total real estate AUM. The Group now manages a $21.8 billion diversified platform.
Transactional activity increased with Centuria reporting $0.5 billion in real estate acquisitions. Furthermore, $0.4 billion of gross unlisted capital inflows across real estate funds and Centuria Bass Credit products was raised during the period.
Centuria’s platform is positioned to benefit from improving real estate market conditions, supported by rising transactional activity and a growing network of more than 15,500 private investors.
