Centuria reports positive results in FY16

Company News

by David Chau

Centuria Metropolitan REIT (ASX:CMA) has announced its statutory profit was $44.8 million in FY2016. The Trust says this a strong result, and at the upper-range of guidance.

Centuria also says its distributable earnings was $22 million, representing 18.5 cents per share.

As for tht total value of its property portfolio, the Trust says it increased 9.4% to $398.7 million at 30 June 2016.

Finally, in terms of outlook for FY17, the Trust says its distributable earnings guidance range is between 18.7 and 19 cents per share.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.