We're going to look at two businesses where experts expect the share price could rise by at least 40% in the next year.

A price target tells us where analysts think the share price will be in 12 months from the time of the investment rating.

Let's dive into the exciting potential of the two stocks below.

Centuria Capital Group (ASX: CNI)

Centuria is one of the leading property fund managers in Australia.

According to CMC Invest, there have been seven ratings on the business in the last three months, with three buy, three hold, and one sell.

The average price target of those seven ratings on Centuria Capital is $2.14. That translates into a projected rise of 44% over the next year.

The ASX share offers a wide range of strategies for clients to put their money towards, including industrial properties, office, real estate finance, large format retail, healthcare, agriculture, daily needs retail, investment bonds and data centres.

Centuria regularly wins new investment mandates, which can help attract new funds under management (FUM). For example, it recently launched the $454 million Sydney CBD Prime Office Fund.

According to the projection on CMC Invest, Centuria Capital is now valued at 11x FY26's estimated earnings. I think this could be a good time to invest while higher interest rates are a headwind on the business and the valuation.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Pinnacle is another ASX share that has significant capital growth potential, according to analysts.

The business partners with leading fund managers to help them grow. Pinnacle takes a sizeable minority stake in the fund management business and lets them focus on investing by providing behind-the-scenes services such as seed FUM and working capital, distribution and client services, compliance, finance, legal, technology, and more.

According to CMC Invest, there have been six analyst ratings on the business in the last three months, with five buys and one hold. The average price target of those six ratings is $22.39, suggesting a possible rise of 47% over the next year.

The strong investment performance of the fund managers – such as Antipodes, Coolabah, Hyperion and Spheria – is a strong tailwind for the ASX share's aggregate FUM, while also helping attract additional FUM from clients.

Excluding acquired FUM, Pinnacle has seen FUM rise at a compound annual growth rate (CAGR) of 20% over the five years to 31 December 2025.

According to the projection on CMC Invest, the Pinnacle share price is valued at less than 18x FY27's estimated earnings.

The post 2 ASX shares tipped to grow 40% or more in the next 12 months appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are ending the week in the red:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is down almost 11% to $4.08. This is despite the respiratory imaging technology company announcing that its non-contrast ventilation-perfusion imaging solution, CT:VQ, has been approved by the Therapeutic Goods Administration (TGA). The TGA has also included the product in the Australian Register of Therapeutic Goods (ARTG), which enables commercial deployment across Australia. Broad weakness in the tech sector on Friday could be overshadowing this news.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is down 2.5% to $1.98. This has been driven by the property company's shares going ex-dividend this morning for its latest payout. Eligible shareholders can now look forward to receiving Centuria Capital's 5.2 cents per share final dividend in a couple of months. The company is expecting to make the payment on 27 August.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo Capital share price is down a further 1.5% to 90 cents. This small business lender's shares have been sold off this week after it increased its cost of risk and downgraded its earnings guidance. Judo Capital revealed that it now expects its FY 2026 cost of risk to be in the range of $116 million to $122 million. This has been caused by three exposures across different sectors that have recently emerged. As for its earnings, Judo Capital now expects its profit before tax in FY 2026 to be between $163 million and $169 million. This is down from its previous guidance of between $180 million and $190 million. The company's CEO, Chris Bayliss, said: "While today's update is partly a result of the macro environment, it is nevertheless disappointing."

Worley Ltd (ASX: WOR)

The Worley share price is down 4% to $10.64. This may have been driven by the release of a broker note out of Ord Minnett. According to the note, the broker has downgraded the professional services company's shares to a hold rating (from accumulate) with a trimmed price target of $12.70 (from $13.10). This was driven by a profit guidance downgrade this week due to the negative impacts of the Middle East conflict.

The post Why 4DMedical, Centuria Capital, Judo Capital, and Worley shares are dropping today appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• Launched a $35 million fully underwritten retail entitlement offer at $2.00 per security
• Raised $65 million from institutional investors as part of a $100 million entitlement offer
• Institutional placement raised an additional $200 million, bringing total new equity to $300 million
• FY26 operating earnings guidance reaffirmed at 13.6 cents per security, an 11.5% increase on FY25
• Offer price represents a 6.0% discount to the last close and a 5.2% discount to the adjusted TERP
• Pro-forma net asset value to rise to $1.81 per security, with pro-forma gearing reduced to 3.4%

What else do investors need to know?

The retail entitlement offer gives eligible retail investors the chance to buy 1 new Centuria security for every 17 they own, priced at $2.00 each. Investors who take up their full allocation can also apply for up to 25% more through a top-up facility, though allocations may be scaled back at the company's discretion.

Proceeds from the $300 million total equity raising are earmarked to accelerate Centuria's growth ambitions across both its specialist data centre platform, ResetData, and its real estate and private credit fund management business. Centuria's recent strategic moves include scaling its Australian AI Factory capabilities and acquisition of larger real estate assets to seed new funds.

What did Centuria Capital Group management say?

Joint CEOs John McBain and Jason Huljich commented:

The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria's real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake.

What's next for Centuria Capital Group?

Looking ahead, Centuria will focus on deploying new funds into its ResetData pipeline, targeting accelerated development of AI Factory data centres and onboarding enterprise and government customers seeking sovereign compute capacity. Further growth is expected as Centuria expands its credit funds management and continues scaling up its real estate platform with larger fund launches and property acquisitions.

Management reconfirmed its disciplined approach to capital allocation and flagged balance sheet flexibility will support future organic and inorganic growth opportunities, while the new securities will rank equally with existing ones (except for the June 2026 distribution).

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 16%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Centuria Capital Group opens $35m retail offer, targets growth in AI and real estate appeared first on The Motley Fool Australia.

This week, brokers downgraded four ASX shares and recalculated their 12-month price targets on them.

Let's check them out.

Jumbo Interactive Ltd (ASX: JIN)

The Jumbo Interactive share price is $6.31, down 14.3% today.

Over the past six months, this ASX 200 consumer discretionary share has fallen 44%.

Morgan Stanley downgraded Jumbo Interactive shares to a hold rating yesterday.

The broker slashed its 12-month price target from $14.50 to $8.40.

This still implies a big potential upside of more than 30% ahead.

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is 82 cents, down 5.2% today.

In the calendar year to date (YTD), this ASX energy share has fallen 30%.

Oil prices have retreated to pre-war levels after the US and Iran signed an interim peace deal.

Morgans downgraded Beach Energy shares to a sell rating this week.

The broker said:

After downgrading our Q4 estimates for daily production rates, we see potential for BPT to fall just short of its FY27 group production guidance.

While BPT's share price has already been under pressure, its earnings outlook has declined at a faster rate, with its forward EV/EBITDA actually rising.

The broker cut its 12-month price target from $1.10 to 81 cents.

This suggests the stock is already fully priced.

Amcor CDI (ASX: AMC)

The Amcor share price is $60.94, up 4% today.

Over the past month, this ASX 200 materials share has ripped 11% higher.

Morgans downgraded Amcor shares from a buy to an accumulate rating this week.

The broker explained:

Following its merger with Berry Global in April 2025, AMC identified a non-core portfolio of ~US$2.5bn in revenue.

These lower-growth or lower-margin businesses where AMC lacks scale or leadership positions are expected to be divested over time via cash sales or joint ventures/partnerships.

While there is a range of scenarios that can play out, using conservative assumptions, we estimate the combined non-core portfolio could be worth ~US$1.8bn.

To date, AMC has reached agreements to sell six businesses for a combined value of ~US$500m.

AMC plans to use proceeds from non-core asset sales to reduce leverage, which stood at 3.8x at the end of 3Q26.

While management expects leverage to end FY26 at 3.4-3.5x, the stretched balance sheet remains a key investor concern.

Morgans kept its 12-month price target of $65.40, indicating 7% potential upside ahead.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $2.04, up 1.8% today and down 0.3% over six months.

Centuria Capital Group is a funds manager that specialises in property investment and investment bonds.

MA Financial Group downgraded the ASX real estate share to a hold recommendation on Tuesday.

The broker has a 12-month price target of $2.18.

This suggests a potential 7% upside ahead.

The post Downgrade alert! 4 ASX shares re-rated by experts this week appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is down over 6% to $2.04. This follows the successful completion of an institutional placement and entitlement offer. Centuria Capital has raised $265 million at $2.00 per new share. This represents a discount of 8.25% to its last close price. Centuria's joint CEOs, John McBain and Jason Huljich, commented: "The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria's real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake. It is worth noting that comparable neocloud platforms in Australia have experienced rapid re-ratings as contracts and scale have emerged and we have this firmly in mind as we respond to increased AI demand and build out our capability in this area."

Iluka Resources Ltd (ASX: ILU)

The Iluka Resources share price is down 11% to $7.24. This is despite the mineral sands and rare earths company announcing a major offtake agreement this morning. Iluka revealed that it has signed a binding, multi-year agreement for the supply of magnet rare earth oxides to a global automotive company. The agreement sets pricing at the higher of minimum and market-linked prices for each product to balance the dual risks of downside price volatility and security of supply. Iluka advised that its minimum revenue over the contract period is US$155 million. But assuming industry forecast pricing, Iluka's revenue over the contract period would be US$172 million.

Metcash Ltd (ASX: MTS)

The Metcash share price is down 3% to $3.02. This may have been driven by a broker note out of Ord Minnett this morning. The broker has downgraded the wholesale distributor's shares to a hold rating (from buy) with a reduced price target of $3.50 (from $3.70). While Metcash's FY 2026 result was in line with expectations, Ord Minnett was disappointed with its trading update for the first seven weeks of FY 2027.

Reliance Worldwide Corporation Ltd (ASX: RWC)

The Reliance Worldwide share price is down 2.5% to $3.58. Investors have been selling the plumbing parts company's shares after it revealed that it is closing its brass casting, forging, and machining operations in Melbourne, along with additional smaller sites. This is part of its ongoing optimisation of its global manufacturing operations. Management revealed that it expects to recognise a one-off net charge of US$100 million to US$110 million in FY 2026.

The post Why Centuria Capital, Iluka, Metcash, and Reliance Worldwide shares are falling today appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• Raised approximately $200 million from an institutional placement
• Secured about $65 million through the institutional component of a 1-for-17 entitlement offer
• Combined institutional raise totals approximately $265 million
• Retail entitlement offer to open, aiming to raise an additional $35 million
• New securities issued at $2.00 per security
• Settlement and allotment to occur on 30 June and 1 July 2026 respectively

What else do investors need to know?

The institutional component of Centuria's entitlement offer was strongly supported, with around 82% take-up by eligible institutional securityholders. Approximately 133 million new securities will be issued and will rank equally with existing holdings.

The retail entitlement offer opens on 26 June and closes on 7 July 2026. Eligible securityholders in Australia and New Zealand on record as of 24 June will be invited to participate. Normal trading in Centuria shares is expected to resume today, 23 June 2026.

What's next for Centuria Capital Group?

Centuria expects to use the proceeds from the equity raising to strengthen its balance sheet and support future growth initiatives. Full details for retail investors will be provided in the offer booklet, with all new securities issued ranking equally from the date of issue.

Looking ahead, management highlighted a continued focus on investment opportunities across real estate and bond products, aiming to capitalise on its strong assets under management and investor demand in key sectors.

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Centuria Capital Group wraps up $300m equity raise and shares resume trading appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• $300 million equity raising via $200 million institutional placement and $100 million entitlement offer
• New securities issued at $2.00 per security, a 6% discount to the adjusted last close of $2.18
• Approximately 150 million new securities to be issued, representing 17.6% of existing securities
• FY26 operating earnings per security guidance reaffirmed at 13.6 cents (up 11.5% from FY25)
• Proceeds to accelerate growth across ResetData (AI Factories) and real estate equity and credit funds

What else do investors need to know?

Centuria's equity raising is designed to provide the flexibility needed for rapid expansion, particularly for its AI Factory projects through ResetData (of which Centuria owns 50%). Strong customer demand for AI capacity is driving the need to bring more AI Factories online and prepare for larger-scale GPU deployments.

A portion of the funds will also help originate and underwrite new real estate transactions and seed larger unlisted funds, in line with Centuria's strategy to scale and diversify its platform. Growth initiatives targeting Centuria's private credit funds will also receive support, aiming to increase market share in a sector growing around 13% annually.

What did Centuria Capital Group management say?

Joint CEOs John McBain and Jason Huljich said:

The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria's real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake. It is worth noting that comparable neocloud platforms in Australia have experienced rapid re-ratings as contracts and scale have emerged and we have this firmly in mind as we respond to increased AI demand and build out our capability in this area.

What's next for Centuria Capital Group?

Centuria will use proceeds from this equity raising to accelerate expansion in both AI infrastructure and real estate funds management. Further investments are planned in customer onboarding and in scaling private credit funds, while continuing to develop larger real estate assets for future funds.

The company has reaffirmed guidance for operating earnings per security, highlighting confidence in its growth path. Investors can expect Centuria's next phase to focus strongly on innovation in property and AI-driven platforms.

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Centuria Capital Group launches $300m equity raising for AI Factory and real estate expansion appeared first on The Motley Fool Australia.

In the calendar year to date (YTD), ASX 200 shares have lifted just 2.1%.

A major commodities sell-off in late January and the global oil shock created by the war in Iran have weighed on equities this year.

Experts say some ASX stocks have hefty falls ahead of them.

Let's take a look at five.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price closed at $162.23, down 0.9% on Thursday.

The ASX 200 bank stock is up 1% YTD.

Macquarie reiterated its sell rating on CBA shares this month.

The broker cut its 12-month price target from $114 to $111.

This implies a potential 32% downside ahead.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire Resources share price closed at $21.20, down 1.4% today.

This ASX 200 copper stock is once again trading close to its record high of $21.75 set in January.

Citi predicts a significant fall from here, but has a hold rating on the ASX mining stock.

The broker has a price target of $12.20, suggesting a 40%-plus slide ahead.

The lithium stock has risen 18% YTD.

IGO Ltd (ASX: IGO)

The IGO share price closed at $8.64, down 3.4% today.

This ASX 200 lithium stock is up 5% YTD.

Morgan Stanley has a sell rating on IGO shares with a $6.85 target.

This indicates a potential 21% downside ahead.

Centuria Capital Group (ASX: CNI)

Centuria Capital stock closed at $2.18, down 0.5% today.

This ASX real estate investment trust (REIT) is up 7% YTD.

UBS has a hold rating on the ASX real estate stock with a $1.69 target.

This implies 23% potential downside ahead.

Wesfarmers Ltd (ASX: WES) 

The Wesfarmers share price closed at $85.78, up 0.3% today.

This ASX 200 consumer discretionary stock is up 5% YTD.

Wesfarmers recently held its 2026 Strategy Briefing Day.

Management told investors about Wesfarmers' growth and productivity plans, and emphasised the strong balance sheet.

Managing Director Rob Scott said Wesfarmers' main goal was to deliver satisfactory returns for shareholders.

Scott said Wesfarmers stock had delivered an average annual return of 15.8% over 10 years.

This compares to a 9.2% average annual return from the All Ordinaries Accumulation Index.

Citi kept its sell recommendation on Wesfarmers stock with a $69 target after the event.

This implies a potential 20% downside ahead.

The post Warning! 5 ASX stocks to fall 20% or more: Experts appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• Assets under management (AUM) reached $21.8 billion as at 31 December 2025
• Over 150 unlisted funds and loan SPVs under management, with 15,500 unlisted investors
• Expanded vertically integrated operations with more than 500 staff
• Launched Australia's first sovereign AI Factory (AI-F1) in partnership with ResetData
• Centuria Industrial REIT (ASX: CIP) data centre pipeline targeting over 200MW of capacity by 2030
• Market cap stands at $1.8 billion, with recent NPAT of $113 million and a 4.9% dividend yield

What else do investors need to know?

Centuria is deepening its footprint in the digital infrastructure space, establishing a fully integrated platform that spans real estate, development, and operations. Its partnership with ResetData makes it one of only three NVIDIA Cloud Partners in Australia, strengthening its competitive edge in the rapidly growing AI compute sector.

The company highlighted its strategy to deliver scalable AI factories and data centre capacity through both existing assets and new developments. Centuria's vertically integrated approach allows the group to pivot quickly and meet demand from enterprise and government clients, while drawing on a strong network of institutional and banking partners.

What's next for Centuria Capital Group?

Centuria aims to ramp up deployment of AI-enabled data centre capacity nationwide, targeting more than 200MW across its property pipeline by 2030. The group is pursuing further customer partnerships and exploring options like equity partnerships, partial sell-downs, and potential IPOs for its digital platforms.

Management is confident that strong customer interest, combined with power and infrastructure availability, positions Centuria well to capture ongoing growth in sovereign and enterprise AI demand.

Centuria Capital Group share price snapshot

Over the past 12 months, the Centuria Capital Group shares have risen 27%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Centuria Capital Group unveils AI-powered growth at Investor Day appeared first on The Motley Fool Australia.

Meanwhile, brokers have indicated continuing confidence in several ASX 200 shares with refreshed buy calls this week.

Here are some examples.

CSL Ltd (ASX: CSL)

The CSL share price is $107.34, up 4.3% today.

The ASX 200's largest healthcare share is having a strong week despite no price-sensitive announcements.

Since last Friday's close, CSL shares have spiked 9.6% while the S&P/ASX 200 Health Care Index (ASX: XHJ) has lifted just 3.6%.

CSL shares have fallen 63% over two years, but perhaps a turnaround is afoot?

UBS reiterated its buy rating on CSL shares on Tuesday.

However, the broker lowered its target price from $175 to $158.

This still implies potential capital gains of 47% ahead.

South32 Ltd (ASX: S32)

The South32 share price is $4.35, down 2.9% today.

Over the past six months, this ASX 200 mining share has risen 27%.

Citi reaffirmed its buy rating on South32 shares on Tuesday.

The broker increased its 12-month price target from $5.40 to $6.10.

This suggests a potential 40% upside ahead.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is $10.97, down 3.1%.

This ASX 200 travel share has fallen 26% over six months.

But UBS is confident of a turnaround, reiterating its buy rating this week.

The broker has a $14.50 target on the ASX 200 consumer discretionary share.

This suggests a 32% upside from here.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is $34.02, down 1.6% today.

This ASX 200 bank share has fallen 5.3% over the past month.

Citi reiterated its buy rating on ANZ shares with a price target of $39.25 on Tuesday.

This implies potential capital gains of 15% ahead.

GQG Partners Inc (ASX: GQG)

The GQG Partners share price is $1.46, up 0.3% today.

Over the past six months, this ASX 200 financial share has fallen 17%.

Morgans renewed its accumulate rating on GQG Partners shares yesterday.

The broker lowered its 12-month price target from $2.03 to $1.64.

This suggests a potential 12% upside ahead.

Morgans commented:

While the near-term operating environment remains difficult, we continue to see long-term value in the GQG franchise, trading at ~9x FY1 PE with a ~10% dividend yield.

Life360 Inc (ASX: 360)

The Life360 share price is $21.21, down 1.6% today.

Over the past month, this ASX tech share has recovered 5.6%.

Life360 has lost 33% of its valuation over the past 12 months.

Citi reaffirmed its buy rating on Life360 shares on Tuesday.

The broker modified its target from $32.10 to $28.25, suggesting a potential 33% increase from here.

SRG Global Ltd (ASX: SRG)

The SRG Global share price is $3.69, down 3.5% today.

This ASX 200 industrials share has ascended 32% over six months.

Morgans renewed its buy call on SRG Global shares this week.

The broker also lifted its target price from $3.20 to $4.20.

This implies potential capital growth of 13% over the next year.

Morgans said:

SRG has upgraded FY26 EBITDA guidance to the upper end of its $164-168m range (~$168m) and, unusually early, provided FY27 EBITDA guidance of $190-200m. This underlines the group's strong earnings visibility, which is arguably unparalleled in the services sector.

We forecast SRG reaches net cash in FY26 and, on that basis, expect it to resume acquisitions. We believe SRG may be able to continue to compound +20-30% EPS growth over the next few years as robust organic growth is supplemented by strategic acquisitive growth. 

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $2.02, up 2.5% today and down 4.3% over six months.

Centuria Capital Group is a funds manager specialising in property investment and investment bonds.

Morgan Stanley renewed its buy rating on this ASX 200 real estate share on Tuesday.

The broker lifted its 12-month price target from $2.05 to $2.35.

This suggests a potential 16% upside ahead.

The post 8 ASX 200 shares with renewed buy ratings this week appeared first on The Motley Fool Australia.

This awful Thursday for the local markets follows a much rosier night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, rising 0.36%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was a little more tentative, inching up just 0.07%.

But let's get back to the unhappier market now and take a closer look at what was happening amongst the various ASX sectors today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

That leaves the ASX 200 at 8,640.7 points.

This rather wild day on the ASX follows a mixed night up on the American markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't quite hold its own and ended up dropping 0.14%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was in a better mood and gained a healthy 1.2%.

Let's return to the local markets now, though, and see what kind of movements were happening amongst the various ASX sectors today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After falling for eight straight sessions in a row, the ASX 200 finally turned a corner today, with investors clearly deciding enough was enough. By the time trading wrapped up, the index had gained 0.74%, leaving it at 8,729.8 points as we head into the weekend.

This stellar end to the trading week for the local markets comes after a euphoric night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was off to the races, rising a confident 1.62%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was slightly less enthusiastic, but managed a respectable 0.89% jump regardless.

Let's return to the ASX now and examine how today's market optimism percolated down into the different ASX sectors this session.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• HY26 operating profit after tax (OPAT): $54.6 million
• Operating earnings per security (OEPS): 6.6 cents, up 6.5% from HY25
• Interim distribution per security (DPS): 5.2 cents
• Record assets under management (AUM): $21.8 billion (up from $20.6 billion at FY25)
• Operating EBITDA: $89.3 million, supported by 49% growth in core Property Funds Management
• FY26 OEPS guidance upgraded to 13.6 cents per security (11.5% above FY25), DPS guidance set at 10.4 cents

What else do investors need to know?

Centuria completed $0.5 billion in real estate acquisitions and has an additional $0.8 billion in due diligence or secured since 31 December 2025. The company also increased its interest in Centuria Bass Credit to 100%, which strengthens its presence in real estate finance.

Notably, Centuria secured management rights for Arrow Funds Management, growing agricultural assets under management to $1.3 billion. The company's property funds saw a mix of listed and unlisted AUM, with no single unlisted asset exceeding 3% of total AUM, reflecting disciplined diversification.

Centuria's cash and undrawn debt stood at $288 million as of 31 December 2025. Its balance sheet gearing remained conservative at 12.4% and the group's fund gearing averaged 45%, well below the weighted average covenant of 57%.

What did Centuria Capital Group management say?

Joint CEO John McBain said:

Today's earnings upgrade reflects the strength of the underlying Group's profit drivers and improved earnings visibility into 2H26. Centuria's platform is positioned to benefit from improving real estate market conditions, supported by rising transactional activity and a growing network of more than 15,500 private investors.

What's next for Centuria Capital Group?

Centuria has raised its FY26 guidance in light of improving market conditions and the successful acquisition of Arrow Funds Management. The business continues to pursue both organic and inorganic growth, building momentum through ongoing acquisitions and capital raisings.

Looking ahead, Centuria plans to advance its long-term strategy, including expanding its digital infrastructure and agricultural investment platforms, while maintaining a disciplined approach to balance sheet management. The group says it remains nimble amid changing markets and expects to benefit from its broad investor network and diversified portfolio.

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 13%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same period.

View Original Announcement

The post Centuria Capital Group lifts profit and upgrades FY26 outlook appeared first on The Motley Fool Australia.

I like it when a share price declines because it pushes the dividend yield higher. For example, if a business has a dividend yield of 5% and the share price drops 10%, then the dividend yield becomes 5.5%. A 20% decline unlocks a 20% dividend yield. And so on.

Both of the ASX dividend shares below have a promising future, in my view.

Centuria Capital Group (ASX: CNI)

Centuria is one of the largest property fund managers in Australia, giving the business significant exposure across a range of property sectors, including industrial and office.

As the chart below shows, the Centuria share price has fallen by around 20% since 29 August 2025, making it significantly cheaper for investors.

The business has provided guidance that expects to generate operating earnings per share (OEPS) of 13.4 cents, representing growth of 10% year over year. This means the business is trading at 14x FY26's operating earnings.

The ASX dividend share is also expecting to pay a distribution to investors that equates to a distribution yield of 5.4%, at the time of writing, which I think is a solid start for passive income investors.

Centuria is aiming for at least $1 billion of real estate transactions in FY26, as well as expanding its real estate finance with new products and capital sources. Additional revenue is expected through its AI-related investments as well. All of this is expected to drive earnings growth.

I think the business has a very promising future, and this is a good time to invest.

Nick Scali Ltd (ASX: NCK)

This ASX dividend share is one of the larger furniture retailers in Australia. The business has the Plush and Nick Scali businesses in Australia, as well as the relatively new UK operations.

The Nick Scali share price is down around 25% since 11 February 2026, as shown in the chart below. This could be an exciting opportunity to invest in the company.

The business reported a good level of growth in the FY26 first-half result. In the first six months, ANZ revenue rose 13.1% to $251.7 million, and underlying ANZ net profit jumped 29.4% to $46.6 million.

UK revenue declined 38.5% to $17.6 million, while the underlying UK net loss worsened by 100% to $5.6 million.

Total revenue grew 7.2% to $269.3 million, overall underlying net profit increased 23.1%, and the dividend per share was hiked by 30% to 39 cents per share.

We shouldn't read too much into the UK numbers because there were numerous store closures for lengthy periods because of store refurbishments. UK sales orders increased by 12.8%, which bodes well for future growth.

Additionally, the UK gross profit margin increased to 59.2%, significantly above last year's gross profit margin of 45.1%.

A number of new UK stores are currently in negotiations, with a "strong focus on growing the store network".

Trading looks positive for the second half of FY26 – ANZ written sales orders for the month of January increased by 3.1% year over year. A further five new stores are confirmed for ANZ during the year, with additional opportunities currently being reviewed.

In the UK, the majority of the store refurbishment program is now complete, and it has seen an improvement. Total January written sales were $6.7 million. Four Nick Scali-branded stores that were trading in January FY25 achieved like for like sales growth of 32% in January FY26, which bodes well for the foreseeable future.

The forecast on CMC Invest suggests the business could deliver an annual dividend per share of 84 cents in FY27. That would translate into a grossed-up dividend yield of 6.5%, including franking credits, at the time of writing.

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It's great being able to receive cash flow into bank accounts from our ownership of compelling businesses. I think it's important to focus on businesses that are at valuations that make sense and to aim for investments that can grow in value.

CBA is not exactly firing on all cylinders right now. The lending industry is competitive, with this being an impact on both loan growth rates and the margins lenders can achieve.

In the first quarter of FY26, the bank reported cash net profit after tax (NPAT) of $2.6 billion, representing just 2% year-over-year growth. That's not a compelling growth rate, nor is the current grossed-up dividend yield of 4.5%, including franking credits, particularly exciting.

There are quite a few ASX dividend shares I'd rather buy for passive income at the current valuations than CBA shares.

Centuria Capital Group (ASX: CNI)

This business is a fund manager that's focused on managing commercial properties. While it may be best known for its office and industrial buildings, it's also involved in areas like real estate finance, healthcare and agriculture.

I like the diversification of the business and how it's benefiting from recent interest rate cuts, which is reducing the cost of debt as well as providing a tailwind for the company's earnings through higher property valuations – this is boosting its ability to generate management fees.

In terms of passive income, the business paid an annual distribution per security of 10.4 cents in FY25, meaning it currently has a distribution yield of 4.9%.

The business is expecting to grow its operating earnings per security (OEPS) by 10% in FY26, which is a much stronger growth rate than what I'm expecting in FY26 from CBA.

I think this ASX dividend share is likely to deliver a stronger total shareholder return than CBA shares over the next three to five years. If the business continues making compelling property acquisitions, then it could be a pleasing market-beater, in my view.

WCM Quality Global Growth Fund (ASX: WCMQ)

Commonwealth Bank is heavily concentrated on the Australian (and New Zealand) economy. Why not look at investments that help provide global earnings diversification?

This exchange-traded fund (ETF) aims to invest in a portfolio of between 20 to 40 stocks that are quality global companies, primarily in the high-growth areas of consumer, technology and healthcare sectors.

The fund targets an annualised dividend yield of 5% for investors, which is a stronger yield than what CBA shares currently provide.

WCM looks for businesses that have expanding competitive advantages/economic moats and wants to see the businesses have a corporate culture that support the expansion of the economic moat.

The strength and performance of these underlying businesses have allowed the WCMQ ETF to deliver an average return per year of 15.9% over the last five years. That implies good growth of the ETF's net asset value (NAV), allowing for a growing distribution from the ASX dividend share.

Of course, past performance is not a guarantee of future investment performance. But, with a global share market to hunt for ideas, the future looks promising. Its three largest holdings are currently AppLovin, Taiwan Semiconductor and Amazon.

The post Forget CBA shares! Buy these ASX dividend shares instead for passive income appeared first on The Motley Fool Australia.

REITs can have various property types in their portfolios, or they might specialise in just one type. 

For example, some focus on commercial real estate, such as offices, hospitals, shopping centres, warehouses, and hotels. 

Others specialise in residential property investment, such as aged care villages and apartment buildings.

Each week, broker Bell Potter provides analysis on the sector, including target prices and recommendations. 

Right now, it appears the broker sees upside after a down month. 

Here is how the broker is viewing the sector right now. 

Underperforming over the last month 

In this week's report, the broker noted that REITs performed well until a stronger-than-expected employment print (unemployment down to 4.3% vs. 4.5% prior and 4.4% consensus) drove the sector down against the broader S&P/ASX 200 Index (ASX: XJO).

Bell Potter said overall, the sector has underperformed over the last month but could be poised for a bounce back.

On this sentiment, we still think the sector is well positioned (return of earnings growth, strong balance sheets, increased cap trans activity and potential for debt-funded accretive acquisitions) and worth bearing in mind 3mth BBSW is only marginally above where it started FY26 (c.3.6%).

The broker highlighted that Infratil Ltd (ASX: IFT) delivered its 1H26 result, reaffirming full-year guidance, but lost ground given prior strong consensus views. 

Other companies that fell last week included:

• Goodman Group (ASX: GMG) down 3%
• HMC Capital (ASX: HMC) lost 4% 
• DigiCo Infrastructure REIT (ASX: DGT) fell 7%

Buy, hold, and sell from Bell Potter

The report from Bell Potter also included target prices and recommendations.

REITs with buy recommendations include:

• Centuria Capital Group (ASX: CNI)
• Goodman Group (ASX: GMG)
• Dexus Convenience Retail REIT (ASX: DXC)
• GDI Property Group (ASX: GDI)
• Healthco Healthcare And Wellness Reit (ASX: HCW)
• Dexus Industria REIT (ASX: DXI)

Of this group, the team at Bell Potter sees the biggest upside for Healthco Healthcare and Wellness Reit (ASX: HCW) and Goodman Group (ASX: GMG). 

The broker sees roughly 37% to 40% upside from current levels. 

The broker has hold recommendations on: 

• HMC Capital (ASX: HMC)
• DigiCo Infrastructure REIT (ASX: DGT)
• Homeco Daily Needs REIT (ASX: HDN)  

Bell Potter has a sell recommendation on Centuria Office REIT (ASX: COF). 

Looking ahead, the broker said feedback from corporates and leading CRE private credit providers points towards potential for margin compression across the sector. 

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Two more of the best ASX shares to buy this month according to the broker are listed below. Here's why it is bullish on these names:

Centuria Capital Group (ASX: CNI)

 The first ASX share that Bell Potter is bullish on is investment manager Centuria Capital.

The broker believes it is well-positioned to be a winner from favourable tailwinds in the real estate sector. And with this yet to be fully priced in, Bell Potter thinks now could be an opportune time to invest. It said:

CNI manages funds spanning listed, unlisted wholesale and unlisted retail syndicates across all major asset classes. As per their listed funds, CNI's assets under management is primarily in the Office and Industrial markets, however it also operates in Daily Needs & Large Format Retail, as well as alternative subsectors such as Healthcare, Real Estate Credit, and Agriculture. CNI is well positioned to benefit from tailwinds in the Real Estate sector, and we see cyclical upside yet to be priced in.

Elders Ltd (ASX: ELD)

Another ASX share to make the list is agribusiness company Elders.

Bell Potter sees a lot of value in its shares at current levels. Especially given the acquisition of Delta Agribusiness, its cheap valuation, and its multiple drivers of growth. Commenting on the stock, Bell Potter said:

Elders is a leading Australian agribusiness and rural services company. It has an expansive network across Australia, providing a diverse range of services to rural and regional Australia, including livestock and wool agency and marketing, real estate services, agricultural supplies, financial services, and insurance. Elders supports primary producers across various sectors like livestock, cropping, and wool, and also operates a feedlotting business. We see value in ELD, particularly with the market appearing to undervalue the pending Delta acquisition.

The base business is performing well with multiple growth drivers including recovery from drought conditions, system modernisations, and backward integration benefits. We are attracted to ELD's valuation, which is relatively cheap at 11x 12MF P/E, along with these potential upside catalysts and a strong dividend yield.

The post Bell Potter names more of the best ASX shares to buy in November appeared first on The Motley Fool Australia.