Centuria Capital Group CNI

Stock XASX Rating as of Oct 2, 2026

A$1.17 −0.02 (1.68%)

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As of Oct 2, 2026, 6:10:24 AM Delayed Price Closed

Company Report

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

Yingqi Tan Aug 28, 2026

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.

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Price vs Fair Value

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CNI is trading at a LOCK|h>y premium.

Price

A$1.17

Oct 2, 2026

Fair Value

Aug 28, 2026

Uncertainty

LOCK|md?

1-Star Price: LOCK|?!
5-Star Price: $.n
Economic Moat: LOCK|&>
Capital Allocation: LOCK|?@@s$&N

Bulls Say, Bears Say

Bulls

Fixed redemption windows make it unlikely that Centuria’s funds management platform will have mass redemptions within a short period of time.

Bears

Centuria lacks the economies of scale enjoyed by major property fund managers, given its relatively small size.

Trading Information

Previous Close Price: A$1.19
Day Range: A$1.16–1.24
52-Week Range: A$1.10–2.43
Bid/Ask: A$1.17 / A$1.18
Shares Outstanding: 1.00B
Market Cap: A$1.17B
Volume/Avg: 2M / 4M

Key Statistics

Price/Earnings (Normalized): 9.28
Price/Sales: 16.18
Dividend Yield (Trailing): 8.87%
Dividend Yield (Forward): 8.89%
Dividend Payment Schedule: Feb, Aug
Total Yield: 8.87%

Company Profile

Centuria Capital Group is a real estate fund manager with assets under management of AUD 22 billion as of June 2026. A range of investment products is offered on the platform, including listed funds (primarily Centuria Industrial REIT and Centuria Office REIT), unlisted property funds, and real estate credit funds. Centuria co-invests in some of these vehicles—the group is the largest securityholder of the listed office and industrial trusts. The majority of Centuria’s earnings come from management fees on its investment products and distribution income from co-investments. The real estate investments span various sectors, with roughly a third of AUM allocated to office, another third to industrial, and the rest to retail, healthcare, agriculture, and real estate finance.

Sector: Real Estate
Industry: REIT - Diversified
Stock Style Box: Small Value
Total Number of Employees: 42
Website: https://www.centuria.com.au

Competitors

Valuation

Metric	CNI	CHC	DXS
Price/Earnings (Normalized)	9.28	20.25	9.57
Price/Book Value	0.66	2.99	0.60
Price/Sales	16.18	19.64	9.39
Price/Cash Flow	12.34	—	11.40

Price/Earnings

CNI

CHC

DXS

Financial Strength

Metric	CNI	CHC	DXS
Quick Ratio	12.34	1.26	0.18
Current Ratio	22.02	1.97	0.28
Interest Coverage	0.42	15.29	2.02

Quick Ratio

CNI

CHC

DXS

Profitability

Metric	CNI	CHC	DXS
Return on Assets (Normalized)	2.96%	13.31%	3.51%
Return on Equity (Normalized)	8.62%	17.30%	5.40%
Return on Invested Capital (Normalized)	2.61%	15.12%	3.62%

Return on Assets

CNI

CHC

DXS

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