Centuria Capital Group (ASX:CNI): FY26 Funds Growth and FY27 Earnings Outlook

Aditi Sarkar

10 November 2026 06:47 PM AEDT

Centuria Capital Group (ASX:CNI): FY26 Funds Growth and FY27 Earnings Outlook

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Highlights

Centuria Capital Group (ASX:CNI) reported AUD 22.2 billion in Assets under management at 30 June 2026.
FY26 operating net profit after tax reached AUD 113.8 million, with operating Earnings of 13.6 cents per security.
FY26 real estate acquisitions totalled approximately AUD 1.2 billion, including exchanged transactions awaiting settlement.
FY27 guidance includes AUD 130 million operating net profit after tax and distributions of 10.4 cents per security.

Centuria Capital Group manages Investment products spanning listed and unlisted real estate funds, private Credit and investment bonds. Centuria Capital Group (ASX:CNI) shares closed at AUD 1.19 on 10 November 2026. During FY26, the manager expanded its property platform, increased assets under management and raised capital for larger transactions and digital infrastructure initiatives.

Funds Management Platform and FY26 Acquisitions

At 30 June 2026, Centuria Capital Group (ASX:CNI) recorded group assets under management (AUM) of AUD 22.2 billion, compared with AUD 20.6 billion a year earlier. The reported figure includes exchanged assets awaiting settlement, cash, other assets . It therefore represents the scope of Managed Investments rather than directly owned property.

Real estate Acquisition activity totalled approximately AUD 1.2 billion in FY26. This comprised AUD 702 million of transactions exchanged and settled and AUD 521 million exchanged but not yet settled. The group also secured management rights associated with Arrow, adding approximately AUD 0.4 billion of agricultural AUM. Centuria reported 729,000 square metres of leasing activity during FY26, covering about 18% of its property platform’s net lettable area.

FY26 Earnings, Distributions and Liquidity

For FY26, Centuria Capital Group (ASX:CNI) reported operating net profit after tax of AUD 113.8 million, compared with AUD 100.8 million in FY25. Operating earnings per security were 13.6 cents, an 11.5% increase, while distributions totalled 10.4 cents per security. Operating EBITDA reached AUD 182.5 million, reflecting contributions from property funds management and property investment activities.

The operating result excludes specified non-operating items, including certain fair-value movements and transaction costs; it should not be treated as equivalent to statutory profit. Centuria also reported AUD 445 million in cash and undrawn Debt at 30 June 2026 and operating gearing of 5.1%, using its defined gearing measure. An AUD 300 million Equity raising during the second half of FY26 increased Liquidity for acquisitions and infrastructure expenditure, .

Digital Infrastructure and FY27 Guidance

Centuria Capital Group (ASX:CNI) continued developing its digital infrastructure strategy through its 50%-owned ResetData venture. Following the FY26 year-end, the venture signed a master services agreement with CDC Data Centres beginning with a 7MW allocation. A separate letter of intent contemplated increasing this to 10MW, with Revenue anticipated from the second half of calendar 2027. The contemplated expansion is not equivalent to contracted operating capacity.

The group also described a potential pipeline exceeding 250MW and power-generation units secured for delivery in 2028. These are plans, not operating capacity. Execution depends on power availability, installation schedules, customer agreements and the capital required to commission facilities.

For FY27, Centuria Capital Group (ASX:CNI) guided to operating net profit after tax of AUD 130 million, operating earnings of 13.0 cents per security and distributions of 10.4 cents per security. Management indicated that guidance assumes broadly stable market conditions. The lower per-security earnings guidance despite higher forecast aggregate profit reflects the importance of the enlarged capital base when assessing returns.

Key Insights

Centuria enters FY27 with a larger managed-asset platform and additional liquidity. Key variables include the timing of property transaction settlements, recurring management-fee growth, the conversion of infrastructure agreements into revenue and whether forecast earnings are delivered. Higher financing costs, property valuations and deployment delays remain relevant risks for Centuria Capital Group (ASX:CNI).

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