Centuria on the rise

Centuria flagged a net profit of $6.9 million for the 12 months to June, up from $1.97 million a year earlier.

Centuria's net profit rose from $1.97 million in the prior year to $6.9 million for the 12 months to June, showing a clear year‑on‑year increase.

The article reports Centuria's underlying net profit came in at $5.5 million, up from $4.9 million in the prior year.

Yes — Centuria's value of property under management topped $1 billion for the first time, according to the article.

Centuria recently completed a $91 million raising to fund the acquisition of the 10 Spring Street, Sydney property.

The 10 Spring Street property is located in Sydney, and the $91 million raising was completed to support that acquisition.

The results referenced in the article cover the 12 months to June.

The article highlights stronger reported and underlying profits, a first‑time milestone of more than $1 billion in property under management, and a $91 million raising for a Sydney property acquisition. Everyday investors looking for more context should review Centuria's full announcements and disclosures for details beyond these key figures.