separated centro ready for proposal, page-13

Centro Properties Group (CNP)Last Trade: $0.31 Change: $-0.01 -1.61%Volume: 2.77MTrade Time: 1:27 PM AEST 04/11/2009
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Company Information
Centro Properties Group
Website: www.centro.com.au
Company at a Glance
Industry: Real Estate Investment Trusts (REITs) Fiscal Year-End: Jun 10 Company Overview
Centro Properties Group (CNP) manages a large number of shopping centres in Australia, NZ and the US. CNP will maintain 100% exposure to retail property. CNP generates revenue from property ownership and a property-services business. Property services business revenue is generated through funds management, leasing, development and property management. CNP manages over 30 syndicates and the fees generated from this are a core strength and revenue component of CNP's business.
Company History
The Centro Properties Group (CNP) was created following the merger of CEP and the Prime Retail Group (PRX) in 2004. In 1997, Centro Properties Group Ltd and the Centro Property Trust jointly listed on the stock exchange under a stapled structure. CEP acquired the MCS Syndicate business in 2003 and CNP acquired the US Heritage and New Plan businesses in October 2006 and April 2007, respectively.
Industries Of Operation
CNP's operations are focused on investing in, managing and developing retail property. The portfolio is spread across Australia, NZ and the US. A substantial portion of CNP's assets can be classified as sub-regional shopping centres and convenience centres.
Differentiating Factor
CNP's combination of investment-property earnings and income from funds, development and leasing management is unique in comparison to an external management model because all earnings streams (less expenses) flow to unitholders rather than being siphoned off to an associated management company. CNP is focused on retail property exclusively, and the packaging of retail property for investors is its unique attribute.
Major Customers & Competitors
CNP's tenants include major Australian retailers such as Coles, Woolworths, Franklins and Bi-Lo and US retailers such as Wal-Mart, Ahold and Kroger. Other tenants include a diverse range of small- and medium-sized retailers. CNP competes with other retail centres and independent retailers.

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Market Statistics
Market Cap ($M): 286.7 Equiv. Shares (M): 885.8 % All Ords: 0.02 12Mth Range ($): 0.04 - 0.52 Turnover ($M pa): 452.7 Index: S&P/ASX 300 Sector: Financials Industry Group: Real Estate Industry: Real Estate Investment Trusts (REITs) Sub Industry: Retail REITs Last 5 Market Sensitive Announcements
Date Announcment 21-Oct-09 09:17 CNP - ASIC Action 15-Oct-09 14:22 CER: - Equity Hedge Update 22-Sep-09 08:51 Response to an ASX Price Query 26-Aug-09 09:25 Centro - Appendix 4E June 2009 14-Aug-09 08:59 Price Query Response Calendar Of Events
Date Event 26-Aug-09 Reporting Date for Final Year Result 26-Feb-09 Reporting Date for Half Yearly Result 28-Nov-08 AGM Date for Final Year Result 28-Aug-08 Reporting Date for Final Year Result 10-Apr-08 EGM Date for Special Event Directors
Name Position J W Hall Director A Buduls Non Executive Director R Wylie Non-Executive Director P Cooper non executive Chairman S Oliver Non Executive Director R Tsenin Non- Executive Director Management
Name Position G Rufrano CEO R Nenna CFO T Torney GM - Unlisted Funds and Shared Services G Young General Manager - Funds Management J Hutchinson General Counsel M Carroll CEO, Centro US T Clarke CEO, Centro Australia Substantial Shareholders
Name % Holding HSBC Custody Nominees 16.3 J P Morgan Chase 12.4 CENTRO SHAREHOLDERS ASSOCIAYION 11.8 National Nominees 11.4 Citicorp Nominees 7.6 Citicorp Nominees Pty Limited 7.0