Investment properties boost Centurion’s net profit by 209% YoY

Net fair value gains from the investment properties totalled $61.6m.

Centurion’s net profit after tax attributable to equity holders surged 209% YoY to $118.2m in H1 2024, driven by net fair value gains of $61.6m.

The group's net fair value gain in H1 2024 was largely from its investment properties, which saw stronger operating performance.

Centurion's PBWA and PBSA portfolios recorded high occupancy in H1, boosting group revenue to $124.4m, a 27% YoY increase.

PBWA alone recorded a revenue of $94.3m, up 29% YoY, and a financial occupancy of 95%.

Meanwhile, revenue for the PBSA segment grew 23% YoY to $29.8m.

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