Company Profile For Centro Property Group

Centro Property Group (CNP.AX) (Australia Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 26 Nov 2009

0.29AUD

Price Change

-0.00

Percent Change

-1.69%

Analyst Recommendations

Overview

Centro Properties Group (Centro) is an Australia-based company. The Company, through its subsidiaries, is engaged in property investment, property management, property development and funds management. The Company operates in two segments: property ownership and service business. Its service business generates revenue in the form of fees from three main areas, such as property management, leasing and funds management. The Company operates in two geographical segments, being Australasia and the United States. The Company has investments in properties in Australia from which it derives revenue and also in New Zealand. The Company has investments in real estate investment trusts held in the United States from which it derives revenue.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 30 June 2009, Centro Property Group's revenues totaled $2.20B, up from $745.1M. Net loss applic. to common increased 69% to $3.53B. Revenues reflects increased property ownership revenue. Net loss reflects an increase in employee benefit expenses, higher rental expenses, the presence of foreign exchange loss vs. an income, higher direct property expenses and higher financing costs.