Centuria Capital Group
(ASX:CNI): Group CEO, John McBain presents the company's FY17 full year results.
OPERATING HIGLIGHTSOperating earnings−Operating NPAT of 10.3 cps, in line with guidance
−Recurring revenue contribution increased from 55%to 75% over FY17
Distributions−Final distribution of 5.2 cps
−Totaldistributions for FY17of 7.5 cps, inline with guidance
Total FY17 returns−To CNI Securityholders–24%1
−To Unlisted Property Fund investors –28% 1
−To CMA Securityholders –25%1
Funds undermanagement−118% increase in FUM to $4.2b1by organic growth and platform acquisitions
−Includes $1.4b FUM from acquisition of 360 Capital real estate platform and
$731m increase in FUM from the acquisition of 10assets 2
Capital management−Accessed debt markets with $100m corporate note issue
−$153m equity raise associated with 360 Capital acquisition and additional placement
−Market capitalisation up from $80m to $290m 3
1. Past performance is not indicative of future performance. Please refer to the Appendix for further important information on the calculation of total return figures
2. Includes post 30 June 2017 acquisitions
3. As at 21 August 2017
