Stock Return Information
Until the events of December 2007, Centro was considered one of the best-performing property groups listed on the Australian Stock Exchange.
At 30 June 2005, Centro owned and managed 224 properties, with total managed funds estimated at $9.1 billion. It managed property syndicates in Australia, through which investors were invited to participate in property assets managed by Centro. In 2005 it raised $175 million of equity in three new syndicates. It claimed 17,000 individual investors including the powerful building and construction superannuation fund Cbus. The company receives fund-management income and success fees for the management of syndicates. It generally invests its own equity (between 25% and 50%) in the property-management funds it administers. Eighteen per cent of its net income was generated by fund-management activities of this kind.
Read more about this topic: Centro Properties Group
Famous quotes containing the words stock, return and/or information:
“Death and life were not
Till man made up the whole,
Made lock, stock and barrel
Out of his bitter soul,”
—William Butler Yeats (1865–1939)
“We wished our two souls
might return like gulls
to the rock. In the end,
the water was too cold for us.”
—Robert Lowell (1917–1977)
“As information technology restructures the work situation, it abstracts thought from action.”
—Shoshana Zuboff (b. 1951)