Centuria’s AUM hits $20.2 billion
Strong activity across platforms has seen Centuria Capital Group’s assets under management (AUM) to hit $20.2 billion in HY22, a growth of 16% compared since the end of FY21.
The momentum was helped by a combination of real estate acquisitions, developments, re-valuations and performance fees during the first half of FY22 saw the group upgrade its operating earnings per security (OEPS) guidance for FY22 by 20.8%, the firm said in the announcement made to the Australian Securities Exchange (ASX).
Centuria’s joint chief executive, Jason Huljich, said that the firm’s real estate platform recorded exceptional growth in HY22, thanks to contributions from Australia and New Zealand, its listed and unlisted real estate divisions and all seven major asset classes.
“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,” he said.
John McBain, also joint chief executive, added: “Our ability to continually source quality real estate investments together with deliberate corporate acquisitions has accelerated our growth and continues to create value for securityholders.
“These outcomes delivered strong performance across our Australasian funds management platform leading to today’s upgraded FY22 earnings guidance.”
AUTHOR
Oksana Patron
Recommended for you
The investment manager has hired a new business development manager following the appointment of its Australian managing director last November.
New research has revealed which fund manager is the most recommended by financial advisers to their clients, as well as the most preferred research houses.
The departure of BlackRock’s head of global client business Mark Wiedman after his 21-year tenure has prompted a reshuffle, with several senior executives receiving promotions.
The volume that financial advisers have invested in private credit funds could be among disclosures that providers have to make to ASIC amid a regulatory crackdown on private markets.
