2322 GMT - Centuria Capital's expansion of its ResetData platform could absorb more than the A$300 million of equity that the property investor is raising, suggests Macquarie. It estimates a capital cost of A$56 million per megawatt. This implies a total outlay of A$1.35 billion based on 24.1 megawatts. "Assuming vendor financing at 70% loan-to-value ratio implies equity required of circa A$400 million," Macquarie says. It downgrades Centuria Capital to "underperform," from "outperform," citing the stock's valuation. Macquarie's price target rises 6%, to A$1.88/share, which compares with its last trade of A$2.18. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 22, 2026 19:22 ET (23:22 GMT)
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