Its assets under management of $21.1 billion are a combination of real estate funds,owned by the unlisted funds alongside the listed funds.
‘Centuria has a proven track record for applying a disciplined approach during times of great volatility’
Centuria joint CEO John McBain
The organic growth across its real estate platform,particularly within alternative sectors,led to a steady net profit of $58.5 million. The fund reaffirmed its full year operating guidance of 14.5¢ per unit and the distribution guidance of 11.6¢,being a 5.4 per cent rise on the 2022 year.
Centuria’s joint chief executives John McBain and Jason Huljich said that by being a diversified business,it can ride out market volatility and offer investors “back to back stable returns”.
“Centuria has a proven track record for applying a disciplined approach during times of great volatility,” McBain said.
“We have been in the business for 30 years and have seen many cycles,so we have the experience to ride them out and look at other opportunities that will add value.”