Its real estate ventures include flagship mixed-use Two Rivers Development Ltd (TRDL) in Nairobi which contributed the highest share to its net asset value (NAV) at 14.76 per cent for the year ended March 2018, Pearl Marina in Uganda and Vipingo in Kilifi.
Centum is currently selling serviced and unserviced plots at its 10,254-acre Vipingo Ridge to unlock value for shareholders.
"We are confident with our stable credit rating and sound liquidity which gives us the capacity to execute on our strategy," said Centum CEO James Mworia in a statement.
"We continue to focus on restructuring our balance sheet by paying down long-term debt as it matures and leveraging on third-party capital at a project level, while improving our credit quality,” he added.
The publicly-traded investment firm plans to resume drilling of more geothermal wells in Naivasha, through its renewable energy arm Akiira Geothermal, from next month.
The geothermal wells drilling in Naivasha, which targets to generate 70 megawatts of steam, forms the first phase of a proposed 140MW-capacity geothermal plant.
“The investments in power are set to substantially change the composition of portfolio in the medium term, while projects in the education and healthcare will further add to the diversity of earnings,” GCR says.
“Positive ratings action is dependent on continued strong profitability, both from annuity type income and asset sales. Gaining critical mass in other targeted sectors would be positively viewed, as it would lessen dependence on new property developments.”