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.
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