Property fund manager Centuria Capital has slashed its expected distribution in the coming year by close to 14 per cent in what it hopes is a prudent response to further market uncertainty.

The $800 million fund manager runs listed and unlisted funds, with $21 billion under management in total. Its joint chiefs executive John McBain and Jason Huljich are confident Centuria’s exposure to alternative sectors such as agriculture and healthcare and its two-thirds weighting to unlisted funds will stand it in good stead.