Business
Centuria (ASX:CNI) share price down after $162 million in equity raising in 8 weeks
The Centuria Capital Group (ASX: CNI) share price is edging lower today, down 1% in afternoon trading. At the time of writing, the Centuria share price was trading at $2.32.
Shares have been lagging the returns from the S&P/ASX 200 Index (ASX: XJO) despite the specialist investment manager recently upgrading its earnings guidance to 10.0 cents per share (cps).
According to Centuria, the earnings guidance upgrade was supported by the company’s $162 million in equity raising since 3 January. This was for 3 unlisted real estate funds. The 2021 equity raises to date support a total of more than $286 million of industrial and healthcare…
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