EY Confirms JY Group’s Shopping Centre Business Surpasses AUD 100 Million in Cumulative Dividends

November 11, 2024
JY Group today announced that its shopping centre business has distributed more than AUD 100 million in cumulative dividends to investors as of September 2024 (net of fees and excluding property revaluation gains).

 

This achievement has been independently audited and verified by Ernst & Young (EY). The milestone follows the Group’s May 2023 announcement that dividends had exceeded AUD 50 million.

Since entering the shopping centre real estate sector in December 2019, JY Group has grown its portfolio to AUD 2.8 billion in assets under management in just over four years, establishing itself as one of the fastest-growing specialist commercial real estate investment and management groups in Australia.

“Reaching AUD 100 million in cumulative dividends is a significant milestone for JY Group and a strong reflection of our commitment to delivering value for our investors,” said Kai Zhang, Founder of JY Group. “As we continue to execute our prudent growth strategy, our focus remains on creating sustainable returns and sharing the rewards of successful investments with our partners.”

Looking ahead, JY Group will continue to strengthen its position in the Australian market by driving steady growth, enhancing investor value, and reinforcing its long-term commitment to excellence in commercial real estate investment and management.

 

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