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CENTURIA CAPITAL GROUP — Capital/Financing Update 2017
Oct 18, 2017
64677_rns_2017-10-18_81bfd6b7-f067-41f8-9b4a-755076fa2e93.pdf
Capital/Financing Update
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Australian Securities Exchange – Company Announcements Platform
Centuria Capital Group
Centuria increases strategic investment in Centuria Metropolitan REIT to 19.9%
Sydney, 19 October 2017
Centuria Capital Group ( Centuria ) (ASX: CNI) is pleased to announce the acquisition of a further 1.8% stake in Centuria Metropolitan REIT ( CMA ), increasing Centuria’s total interest in CMA to 19.9%.
The additional investment follows the successful $60 million Centuria entitlement offer announced on 4 October 2017 and represents a deployment of capital in line with one of Centuria's purposes in undertaking the capital raising.
Earlier this month, Centuria increased its co-investment stake in Centuria Industrial REIT (ASX: CIP) to 17.75%.
Centuria CEO, John McBain said:
“These investments are in line with our business strategy of supporting the continued growth of our listed REITs and thereby increasing recurring revenues.”
“We have a very clear sense of the potential for our business and its current trajectory. The success of our strategy continues to deliver excellent investment outcomes for our securityholders. FUM has increased 118% in a year, our EPS guidance for FY18 has just been upgraded by 6c per security and our DPS is up 9.3% at 8.2c per security. We also recently realised a $25.8 million performance fee from the sale of 10 Spring Street."
"We intend to continue on our growth-path and our listed and unlisted property divisions are very active in looking at potential acquisitions for their funds.”
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For more information, please contact:
John McBain CEO Centuria Capital Limited Phone: 02 8923 8910 Email: [email protected]
Natalie Powell Chief Marketing Officer Centuria Capital Limited Phone: 02 8923 8936 Email: [email protected]
Samantha Pankovas Director of Corporate Affairs
BlueChip Communication Phone: 02 9018 8602 Email: [email protected]
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Doc ID 446269383/v1
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About Centuria Capital Group
Centuria Capital Group ( CNI ) is an ASX-listed specialist investment manager with $4.2 billion in funds under management. We offer a range of investment opportunities including listed and unlisted property funds as well as taxeffective investment bonds. Our drive, allied with our in-depth knowledge of these sectors and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.
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Doc ID 446269383/v1