Centuria Capital Group Limited (ASX:CNI) Group CEO, John McBain, presents the company's FY18 results.
FY18 Highlights:Operating Earnings and Distributions
- Operating NPAT $45.1m (FY17 $15.5m)
- Delivered operating EPS of 16.3 cps, guidance range 15.8–16.2cps
- Recurring revenue $67.0m (FY17 $37.8m)
- FY18 distribution 8.2 cps, 9.3% increase on FY17
Total Returns:
- CNI total securityholders return 23.3% (FY17 24.3%)
- Co-investments return 13.0%
FY18 AUM Growth
- AUM increased 29% to $4.9bn
- Includes property acquisitions $0.8bn, and revaluations $0.3bn
- Investment Bonds AUM growth 12.5% to $0.9bn
Capital Management
- Equity raised $98.6m
- Corporate bonds issuance $25m
- Strong balance sheet, operating gearing ratio 11.1%
