Centuria Capital Group (AU:CNI)
ASX:CNI
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Centuria Capital Group
(Sydney:CNI)
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Rating:59Neutral
Price Target:
AU$2.50
â–²(20.77% Upside)
Action:Reiterated
Date:06/23/26
Overall score is held back primarily by weak reported financial performance (large revenue decline, negative EBIT and pressured free-cash-flow growth). This is partially offset by constructive technical trend signals, reasonable valuation supported by a 4.65% dividend yield, and a broadly positive earnings call featuring upgraded FY‑26 guidance and record AUM growth.
Positive Factors
AUM Growth
Record AUM growth expands the firm's recurring fee base and diversification across property and credit, underpinning sustainable management fee revenue. A larger AUM improves scale economics, cross‑selling opportunities and resilience of fee income over the next several quarters.
Negative Factors
ResetData Drag
ResetData's lease‑up losses and slower customer signings create an ongoing earnings drag and require additional capital and time to scale. Data centre and sovereign AI ambitions carry execution and funding timing risk, creating multi‑quarter pressure on profitability and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
AUM Growth
Record AUM growth expands the firm's recurring fee base and diversification across property and credit, underpinning sustainable management fee revenue. A larger AUM improves scale economics, cross‑selling opportunities and resilience of fee income over the next several quarters.
Read all positive factors
Centuria Capital Group (CNI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.85B
Dividend Yield6.26%
Average Volume (3M)1.36M
Price to Earnings (P/E)14.3
Beta (1Y)0.92
Revenue Growth6.65%
EPS Growth61.37%
CountryAU
Employees296
SectorReal Estate
Sector Strength53
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding901,476,260
10 Day Avg. Volume1,132,770
30 Day Avg. Volume1,361,545
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)0.95
Price to Sales (P/S)18.05
P/FCF Ratio16.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.18Price Target Upside5.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.14
Revenue Forecast (FY)AU$322.08M
Centuria Capital Group Business Overview & Revenue Model
Company Description
Centuria Capital Group, an investment manager, markets and manages investment products primarily in Australia. It operates through Property Funds Management, Co- Investments, Developments, Property and Development Finance, Investment Bonds Managem...
How the Company Makes Money
Centuria Capital Group primarily generates earnings from managing investments and property on behalf of clients and investors. Its core revenue stream is recurring funds/asset management income: it earns management fees calculated as a percentage ...
Centuria Capital Group Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial update: record AUM, upgraded FY'26 earnings guidance (11.5% uplift), recurring earnings growth (operating EPS +6.5%), strong execution across property and credit platforms, improved funding costs and a deep investor distribution network. The main negatives are a small but visible earnings drag from ResetData while it leases up and modest near-term volatility from performance fees, redemption requests in some open-ended funds and elevated look-through gearing metrics (largely mitigated by non-recourse structures). Overall, management portrays disciplined balance sheet management and measured capital deployment into strategic initiatives, with the positives materially outweighing the negatives.Positive Updates
Group AUM Growth to Record High
Group assets under management increased 6% to $21.8 billion, achieving a new record AUM for the half and reflecting strong contributions across property funds management and real estate finance.
Negative Updates
ResetData Drag on Earnings and Lease-up Uncertainty
ResetData (50% share) contributed a negative impact to earnings (Centuria's share reported as $2.8 million in the period) and is expected to remain a net negative contributor in FY'26 with management expecting a smaller loss in the second half; timing of customer signings and lease-up remains uncertain.
Read all updates
Q2-2026 Updates
Positive
Negative
Group AUM Growth to Record High
Group assets under management increased 6% to $21.8 billion, achieving a new record AUM for the half and reflecting strong contributions across property funds management and real estate finance.
Read all positive updates
Company Guidance
Management upgraded FY‑26 operating earnings guidance to $0.136 per security (an 11.5% uplift on FY‑25), driven by improved forward earnings visibility rather than one‑off items; H1 operating EPS was $0.066 (up 6.5% vs prior half) with operating EBITDA of $89.3m and operating NPAT of $54.6m, and a distribution of $0.052 per security was declared. Key supporting metrics include group AUM +6% to $21.8bn (property funds management AUM +5% to $18.3bn; property & development finance AUM ~+9% to $2.5bn), ~ $500m of real estate acquisitions in the half (with management on track to exceed a $1bn FY target and noting ~$700m of acquisitions/divestments activity cited), Centuria Bass executing ~ $1.4bn of loan origination/restructuring/exit activity (and raising $200m of gross unlisted inflows), $133m cash realized from asset recycling, access to $8.3bn of lending facilities across 24 lenders, average lender margins improving to ~1.57%, and a reduction in all‑in funding margin from ~325bps to ~275bps; performance fees are expected to be ~ $20m for the year, while ResetData (50% share $2.8m in H1) is expected to remain a net negative for FY‑26 but with a smaller loss in H2.Centuria Capital Group Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.67M | 77.65M | 327.03M | 370.12M | 299.72M | 228.93M |
| Gross Profit | 7.68M | 27.56M | 195.28M | 260.88M | 263.95M | 137.67M |
| EBITDA | 254.89M | 248.61M | 176.56M | 166.59M | 178.34M | 185.51M |
| Net Income | 117.78M | 82.70M | 102.14M | 105.92M | -37.85M | 143.46M |
Balance Sheet | ||||||
| Total Assets | 3.66B | 3.59B | 3.41B | 2.33B | 2.65B | 2.57B |
| Cash, Cash Equivalents and Short-Term Investments | 215.69M | 1.25B | 844.94M | 225.46M | 200.56M | 273.35M |
| Total Debt | 1.54B | 1.42B | 1.29B | 410.94M | 648.83M | 448.40M |
| Total Liabilities | 2.16B | 2.08B | 1.93B | 912.07M | 1.22B | 1.00B |
| Stockholders Equity | 1.48B | 1.48B | 1.48B | 1.41B | 1.39B | 1.51B |
Cash Flow | ||||||
| Free Cash Flow | 108.72M | 82.81M | 156.08M | 111.37M | 168.90M | 19.52M |
| Operating Cash Flow | 145.30M | 116.73M | 156.32M | 113.68M | 171.60M | 22.86M |
| Investing Cash Flow | 103.33M | -54.14M | -132.10M | 62.07M | -384.02M | -139.32M |
| Financing Cash Flow | -213.37M | -53.28M | -41.19M | -149.35M | 140.71M | 215.58M |
Centuria Capital Group Technical Analysis
Positive
2.07
Price Trends
1.80
Positive
1.78
Positive
1.97
Positive
Market Momentum
0.11
Positive
54.85
Neutral
59.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CNI, the sentiment is Positive. The current price of 2.07 is above the 20-day moving average (MA) of 2.02, above the 50-day MA of 1.80, and above the 200-day MA of 1.97, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 54.85 is Neutral, neither overbought nor oversold. The STOCH value of 59.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CNI.
Centuria Capital Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.87B | 12.25 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | AU$444.75M | 10.55 | 9.94% | 4.63% | 6.53% | 130.53% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | AU$1.85B | 14.31 | 7.96% | 6.26% | 6.65% | 61.37% | |
50 Neutral | AU$1.80B | -104.40 | -1.00% | 6.01% | 2.23% | 96.71% | |
46 Neutral | AU$1.25B | 103.18 | 2.39% | 1.85% | 47.98% | -75.76% |
* Real Estate Sector Average
AU:CNI
Centuria Capital Group
2.03
0.39
24.01%
AU:MFG
Magellan Financial Group Ltd
9.70
1.96
25.32%
AU:PPT
Perpetual Limited
15.71
-1.42
-8.27%
AU:MAF
MA Financial Group Limited
6.41
-1.02
-13.69%
AU:EQT
EQT Holdings Ltd.
15.85
-15.42
-49.31%
Centuria Capital Group Corporate Events
Centuria secures $265m from institutional offer ahead of retail raise
Jun 22, 2026
Centuria Capital Group has completed the institutional placement and institutional component of its underwritten equity raising, securing about $265 million of the approximately $300 million targeted. The placement raised around $200 million and t...
Centuria launches $100m entitlement offer to bolster capital base
Jun 22, 2026
Centuria Capital Group has launched a fully underwritten 1-for-17 accelerated non-renounceable pro rata entitlement offer of stapled securities to raise about $100 million at $2.00 per new stapled security. The offer, conducted alongside an instit...
Centuria launches fully underwritten $300m equity raising
Jun 22, 2026
Centuria Capital Group has launched a fully underwritten equity raising of approximately $300 million through a placement and a pro-rata accelerated non-renounceable entitlement offer of new stapled securities. The offer targets institutional, sop...
Centuria raises $300m to fast-track AI data centres and real estate platform
Jun 22, 2026
Centuria Capital Group has launched a fully underwritten $300 million equity raising, comprising a $200 million institutional placement and a $100 million 1-for-17 accelerated non-renounceable entitlement offer, priced at $2.00 per new security. T...
Centuria Capital Seeks Trading Halt Ahead of Major Equity Raising
Jun 21, 2026
Centuria Capital Group has requested a trading halt for its securities on the ASX as it progresses a proposed material equity raising, with the halt to remain in place until the start of trading on 23 June 2026. The move precedes the release of re...
Australian Retirement Trust Exits Substantial Holding in Centuria Capital
Jun 19, 2026
Australian Retirement Trust Pty Ltd has notified Centuria Capital Limited that it has ceased to be a substantial holder in the company as of 17 June 2026. The change reflects a reduction in the fund’s relevant voting interest in Centuria, wi...
Centuria declares 5.20c final distribution and suspends DRP for June 2026
Jun 19, 2026
Centuria Capital Group has declared a final distribution of 5.20 cents per stapled security for the period ending 30 June 2026, comprising a 0.50 cent fully franked dividend and a 4.70 cent trust distribution. The payment, for which the Distributi...
Centuria Capital Declares Six-Month Distribution of 5.2 Cents per Security
Jun 19, 2026
Centuria Capital Group has declared a six-month distribution of AUD 0.052 per stapled security for the period ending 30 June 2026. The distribution will trade ex on 26 June, use a record date of 29 June, and be paid to securityholders on 27 August...
Macquarie exits substantial holding in Centuria Capital Group
Jun 9, 2026
Macquarie Group Limited and its controlled entities have lodged a notice stating they have ceased to be substantial holders in Centuria Capital Group, signaling a reduction of their voting interest below the regulatory disclosure threshold. The mo...
State Street Group Ceases Substantial Holding in Centuria Capital
Jun 5, 2026
State Street Global Advisors and related State Street Corporation subsidiaries have filed a notice that they have ceased to be substantial holders in Centuria Capital Group. The change reflects a reduction in their relevant voting interests below ...
Centuria unveils ResetData AI Factory 1 at Jarden investor briefing
May 27, 2026
Centuria Capital Group has released a presentation that will be used for a Jarden-hosted investor briefing focused on its ResetData AI Factory 1 initiative. The briefing underscores Centuria’s ongoing engagement with the investment community...
Centuria Director Restructures Stapled Securities With No Change in Beneficial Ownership
May 26, 2026
Centuria Capital Group has disclosed an internal reallocation of stapled securities held by director John Richard Slater via related entities, with no change in his overall beneficial ownership. A total of 350,000 fully paid stapled securities wer...
Mitsubishi UFJ Exits Substantial Holding in Centuria Capital Fund
May 22, 2026
Mitsubishi UFJ Financial Group, Inc. has lodged a notice that it has ceased to be a substantial holder in the Centuria Capital Fund, the stapled security vehicle of Centuria Capital Group. The change follows a series of transactions in April 2026 ...
First Sentier Group exits substantial holding in Centuria Capital Group
May 21, 2026
First Sentier Group Limited and a broad network of related entities, including several First Sentier Investors companies and Mitsubishi UFJ Financial Group affiliates, have lodged a notice that they have ceased to be substantial holders in Centuri...
Centuria director trims indirect stake via family super fund
Apr 24, 2026
Centuria Capital Group has disclosed a change in director John Richard Slater’s indirect holding in the company’s fully paid stapled securities. The change arises from transactions executed through entities associated with his family i...
Centuria to Release Escrowed Securities Linked to Bass Credit Acquisition
Apr 16, 2026
Centuria Capital Group has notified the market that 2,130,234 fully paid ordinary stapled securities, issued on 25 February 2026, will be released from escrow on 24 April 2026. These securities were originally issued as part of Centuria’s ac...
Centuria director Slater trims indirect stake after estate-driven selldown
Apr 7, 2026
Centuria Capital Group has disclosed a change in director John Richard Slater’s indirect interest in the company’s stapled securities, following the administration of the estate of Norma Emily Slater. Probate granted to Slater gave him...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.