Centuria Capital Group report operating NPAT up to $45.7m

Company News

by Rachael Jones

Centuria Capital Group (ASX:CNI) reported a rise in their annual operating NPAT for the period ending 30 June 2019 to $45.7 million from $45.1 million in the prior corresponding period.

Their Real Estate division expanded to $5.3 billion, that's up 33 per cent from Fiscal Year 2018, with acquisitions across both listed and unlisted divisions.

The company entered into the healthcare real estate sector through the formation of Centuria Heathley.

In June 2019, the Centuria board appointed Jason Huljich Joint CEO alongside John McBain together with appointing Ross Lees as Head of Funds Management.

Today, Centuria announces its FY20 forecast distribution guidance of 9.7 cents per stapled security, 4.9 per cent up on FY19 actual 9.25 cents per share.

Centuria Capital Group (ASX:CNI) are flat at $2.05.

For more on Centuria's co CEO John McBain discuss the results.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.