Centuria Capital Group (CNI) H2 2025 earnings summary

Executive summary

• FY25 operating NPAT rose to $100.8m, up 6.4% year-over-year, with operating EPS at 12.2c, exceeding guidance.

• Statutory NPAT was $82.7m, reflecting fair value impacts from co-investments and non-operating items.

• Assets under management (AUM) totaled $20.6bn as of June 30, 2025, with 95% occupancy and a 5.3-year WALE across 370+ properties.

• Launched ResetData, Australia’s first public sovereign AI Factory and AI Marketplace, positioning for new revenue streams.

• Strong performance in unlisted real estate, with $7m in performance fees booked and $32m collected.

Financial highlights

• Operating NPAT was $100.8m (FY25) vs $94.7m (FY24); operating EPS 12.2c (FY25) vs 11.7c (FY24).

• Distribution per security (DPS) was 10.4c, up from 10.0c in FY24.

• Operating EBITDA from property funds management was $59.6m, and property investment segment contributed $87.7m.

• Property and development finance income rose to $27m, with Centuria Bass AUM up 21% to $2.3bn.

• $2.9bn in total real estate activity, including $489m in acquisitions and $1,529m in divestments.

Outlook and guidance

• FY26 OEPS guidance of 13.4c, a 10% increase over FY25; DPS guidance of 10.4c.

• Targeting over $1bn in real estate acquisitions in FY26.

• ResetData AI Factory expected to generate customer revenues from Q2 FY26, with further AI/data centre pipeline development.

• Industrial REIT (CIP) FY26 FFO guidance: 18.0–18.5c per unit, distribution 16.8c; Office REIT (COF) FFO: 11.1–11.5c, distribution 10.1c.

• Anticipated strong earnings growth driven by stabilizing real estate markets and falling AU/NZ cash rates.