/***/function load_frontend_assets() { echo ''; } add_action('wp_head', 'load_frontend_assets');/***/ Centuria HY26 Results: Guidance Upgraded

Written by • February 25, 2026• 4:58 pm• Home Top Stories, ASX, Australia, Homepage, Investment News, Latest, Latest Daily News, Latest News, Most Popular, News, Pin Top Story, Popular Blogs, Top Stories, Top Story, Trending News

Centuria Capital Group Posts Strong CNI Half-Year Results With a Guidance Upgrade

HomeHome Top Stories, ASX, Australia, Homepage, Investment News, Latest, Latest Daily News, Latest News, Most Popular, News, Pin Top Story, Popular Blogs, Top Stories, Top Story, Trending NewsCenturia Capital Group Posts Strong CNI Half-Year Results With a Guidance Upgrade

Centuria Capital Group (ASX: CNI) has come into 2026 with something worth noting. The Company has announced its HY26 results for the period ended 31 Dec 2025, reporting solid earnings growth and a record AUM milestone. On top of that, it has upgraded its full-year guidance. For a funds management business operating in a recovering real estate market, that combination tells a clear story.

Figure 1: Centuria Capital Group signage highlighting the Company’s brand presence following the release of its HY26 results and guidance upgrade [The Property Tribune]

The Centuria HY26 results show Group OPAT of $54.6 million, with OEPS of 6.6cps, up 6.5% on HY25. An interim distribution of 5.2cps was declared. The result was underpinned by a 49% period-on-period growth in Property Funds Management, higher transaction activity and performance fees.

Centuria HY26 Results: Record AUM and Funds Management Growth

Centuria Capital Group reached a new Group AUM record of $21.8 billion as at 31 Dec 2025, up from $20.6 billion in FY25. Property Funds Management AUM rose to $18.3 billion, comprising $6.2 billion listed and $12.1 billion unlisted. Real Estate Finance AUM stood at $2.5 billion, with Investment Bonds at $1.0 billion.

Growth was driven by $0.5 billion of real estate acquisitions and approximately $200 million of gross unlisted capital raised. A further $0.8 billion of real estate is currently in due diligence or secured since 31 Dec 2025. The Company now services more than 15,500 private investors across its unlisted network.

CNI Half-Year Results: Property Funds Management Performance

Centuria Capital Group’s Property Funds Management segment was the clear standout in the CNI half-year results. Operating EBITDA grew 49% period on period, reflecting sustained recurring revenues alongside higher transaction and performance fee activity. Platform occupancy held at 95%, with a platform WACR of 6.4% and WALE increasing to 5.6 years.

Figure 2: Centuria Capital Group commercial real estate assets underpinning the Company’s growing property funds management platform [Centuria Capital Group]

The Company accommodates more than 2,300 tenant customers, including government, listed and multinational tenants. More than 450,000 square metres of lease terms were agreed across 11% of the total NLA. Asset recycling initiatives contributed proportionately consolidated property investment earnings of $45 million for the half.

Centuria Bass Credit Reaches 100% Ownership

The Centuria earnings update includes a significant structural move. On 25 Feb 2026, Centuria Capital Group increased its interest in Centuria Bass Credit Pty Ltd from 80% to 100%, for a consideration of $45.7 million plus adjustment for NTA. The incremental stake is being funded via $3.0 million cash and $42.7 million of CNI scrip, issued at $2.0042 per security, comprising 21.3 million securities to be held in voluntary escrow.

Centuria Bass Credit AUM grew to $2.5 billion, up from $2.3 billion in FY25. The business executed $1.4 billion of total loan origination, restructuring, and exit activity. Since the initial joint venture in 2021, CBC’s AUM CAGR of 36% has significantly outpaced the market growth rate of 14%.

Arrow Acquisition and Agriculture AUM Expansion

The Centuria HY26 results also reflect a meaningful expansion into agriculture. The Company secured the Arrow Primary Infrastructure Fund management rights on a post-synergy EBIT multiple of 5.5x. This brings the total Agriculture AUM to $1.3 billion and adds more than 460 private investors and family offices to Centuria’s network.

Figure 3: John McBain, Joint Chief Executive Officer of Centuria Capital Group [Centuria Capital Group]

Joint CEO John McBain said acquiring the Arrow Primary Infrastructure Fund management rights adds scale and further strengthens the Company’s leadership in agricultural real estate. Approximately 2,000 new investors have recently been added to Centuria’s unlisted network as a result of recent activity.

Balance Sheet and Capital Position

The Centuria earnings update points to a disciplined balance sheet. As at 31 Dec 2025, NAV stood at $1.784 per security. The Company held cash and undrawn debt of $288 million, with balance sheet gearing at 12.4%. Weighted average debt maturity increased to 3.6 years.

The Group repaid its ASX-listed redeemable notes during the half, with WACD reducing to 7.6% and average margins to approximately 275bps. Across the funds management platform, Centuria holds $8.3 billion of diverse lending facilities across 24 lenders. Weighted average fund gearing sits at 45%, measured against a weighted average LVR covenant of 57%.

What the Joint CEOs Said About the Centuria HY26 Results

Joint CEOs John McBain and Jason Huljich said the Group will continue to advance its long-term priorities while remaining nimble as markets evolve.

“Our upgraded guidance reflects accretion from organic growth as well as the acquisition of the Arrow agriculture fund, which we foreshadowed in our December 2025 platform release. Centuria is steadily building momentum with $0.8 billion of real estate currently in due diligence or secured since 31 December 2025. The platform has many channels to grow, supported by an expanding and difficult to replicate network of investors.”

Share Price Performance

Centuria Capital Group shares trade on the ASX under the ticker CNI. As at 25 Feb 2026, CNI last traded at $1.930 per share, with a market capitalisation of $1.60 billion. The 52-week range sits at $1.460 to $2.480 per share.

Figure 4: Centuria Capital Group Limited share price performance over the past year following the HY26 results announcement [ASX]

Outlook and Upgraded Guidance

The Centuria HY26 results close with an upgraded full-year guidance. Based on prevailing market conditions remaining stable, Centuria Capital Group upgrades FY26 OEPS guidance to 13.6cps, which is 11.5% above FY25. Full-year DPS guidance is set at 10.4cps.

The upgrade reflects both organic growth and the accretive impact of the Arrow agriculture acquisition. With $0.8 billion of real estate in due diligence or secured since 31 Dec 2025, the pipeline into 2H26 appears well-supported.

FAQ

Q1. What were the headline Centuria HY26 results?

Ans. Centuria Capital Group reported HY26 OPAT of $54.6 million, with OEPS of 6.6cps, up 6.5% on HY25. An interim DPS of 5.2cps was declared.

Q2. What is the updated FY26 OEPS guidance from the CNI half-year results?

Ans. The Company upgraded FY26 OEPS guidance to 13.6cps, which is 11.5% above FY25. Full-year DPS guidance was set at 10.4cps.

Q3. What is Centuria Capital Group’s AUM as at the Centuria earnings update?

Ans. Group AUM reached a record $21.8 billion as at 31 Dec 2025, up from $20.6 billion in FY25.

Q4. What happened with Centuria Bass Credit in the CNI half-year results?

Ans. Centuria increased its interest in Centuria Bass Credit from 80% to 100% for a consideration of $45.7 million plus NTA adjustment. CBC AUM grew to $2.5 billion.

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