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Platform growth of 16% to $10.2bn in HY21 supported by a dual growth strategy of direct real estate and corporate acquisitions
Centuria Capital Group (ASX:CNI) is a leading real estate funds manager with a unique Australasian focus and today announced HY21 interim results to 31 December 2020. Key highlights from the announcement include:
John McBain and Jason Huljich, Centuria Capital Group Joint CEOs, present the highlights of the CNI HY21 results.
Centuria Capital Group Joint CEO, John McBain presents the CNI HY21 results including the growth in group assets under management (AUM) to $10.2 billion and its outlook.
1 Includes 6-8 Munroe Lane, Albany, Auckland, NZ valuation on an as if complete basis
2 Development projects and development capex pipeline, including fund throughs
3 Operating EPS is calculated based on the Operating NPAT of the Group divided by the weighted average number of securities
4 Initial FY21 DPS guidance of 8.5 cents announced on 12 August 2020. FY21 DPS guidance upgraded to 9.0cps on 22 October 2020. FY21 DPS guidance upgraded to 10.0cps on 10 February 2021
5 Initial FY21 operating EPS guidance of 10.5 – 11.5 cents announced on 12 August 2020. Upgraded FY21 EPS guidance range of 11.5-12.5cps announced on 22 October 2021
6 Source: Moelis Australia. Based on movement in security price from ASX closing on 1 January 2020 to ASX closing on 31 December 2020 plus distributions per security paid during the respective period(s) assuming re-investment of all distributions. Past performance is not a reliable indicator of future performance