We Increase Our Morningstar Uncertainty Rating and Cost of Capital Assumption for Centuria Capital

Unlike most entities in the real estate sector, Centuria Capital Group runs a capital-light model. The group predominantly earns fees from managing real estate investments and distribution income from co-investing in some of these vehicles. As of June 30, 2026, Centuria’s platform houses real estate assets under management of AUD 21 billion and investment bonds of AUD 1 billion (total group AUM of AUD 22 billion). It offers a broad range of investment options, including listed REITs, unlisted property funds and real estate credit funds.