Strong operating performance, acquisitions and continued servicing of investor demand through expanding distribution channels
Centuria Capital Group (Centuria, ASX:CNI) today announced full-year financial results to 30 June 2018, demonstrating continued positive momentum for the growing property funds manager.
FY18 highlights include:
• Assets under management up 29% to a new peak of $4.9 billion
• Operating earnings per share rose 58% to 16.3 cents, above the revised guidance of 15.8–16.2 cents per stapled security
• Distributions per stapled security grew to 8.2 cents in FY18, a 9.3% increase on FY17
• Net operating profit after tax was $45.1 million, up 191%
• Investors benefitted from a total securityholder return (TSR) of 23.3% for FY18
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