Centuria’s AUM hits $20.2 billion

centuria capital group AUM jason huljich John McBain

31 January 2022
| By Oksana Patron |
image
image
expand image

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.”

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

3 days 23 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 21 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days ago