Centuria’s 101 Moray St, Melbourne acquisition. Image – supplied.
  • Centuria's AUM reach $20.2 billion
  • OEPS guidance has been elevated to 14.5cps
  • The new guidance is a 9.85% improvement from initial forecasts

Following a strong first half of FY22 Centuria Capital Group (ASX: CNI) has announced that its total assets under management (AUM) have grown to $20.2 billion as at 31 December 2021, a figure indicating 16% growth since the end of the last financial year.

Centuria has also upgraded its operating earnings per security (OEPS) guidance to 14.5cps after the first six months of FY22 saw robust real estate acquisitions, developments, re-valuations and performance fees.

The boosted OEPS guidance is up 20.8% from the end of FY21 and also a 9.85% improvement from the original forecast of 13.2pcs for the year.

Jason Huljich, Joint CEO, said that Centuria had delivered great organic growth in HY22 owing to real estate across Australia and New Zealand, both listed and unlisted.

“The upgraded earnings guidance has been driven to a large extent by continuing strong investment property markets producing significant valuation growth and leading to higher FY22 management and performance fees,”

Jason Huljich, Joint Centuria CEO

John McBain, Joint CEO pointed out that Centuria has continued to execute its strategy despite what he described as volatile market conditions.

“Our ability to continually source quality real estate investments together with deliberate corporate acquisitions has accelerated our growth and continues to create value for security holders,” Mr Mc Bain said.

“These outcomes delivered strong performance across our Australasian funds management platform leading to today’s upgraded FY22 earnings guidance,” he said.

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