Centuria Capital Group (ASX: CNI) today announced its results for the half year ended 31 December 2017 (1H18): 1H18 highlights 19% total return to investors in 1H18 19% increase in Assets Under Management (AUM) to $4.6 billion: $770 million organic growth from property acquisitions and asset revaluations $54 million (7%) growth in investment bonds with AUM up to $0.9 billion Recurring revenue growth to $32.1 million, up $18.9 million $25.8 million net performance fee before tax on sale of 10 Spring Street, Sydney 13% operating gearing ratio Reaffirm FY18 earnings guidance of 15.8-16.2 cents per stapled security (cps), previous FY18 guidance 10.8 cps FY18 distribution guidance 8.2 cps FY18 outlook Centuria believe conditions remain favourable for the continued creation of property fund opportunities leveraging their strong real-estate credentials to identify ‘pockets of value’ for our long-standing investor base, and improving our distribution capacity to accelerate Investment Bond business. Investor Presentation Document #Centuria
Related Articles
