City Ventures Celebrates Grand Opening of Pinnacle Townhomes in Milpitas with Over 70% Sold

City Ventures announces the grand opening of Pinnacle, a townhome community in Milpitas, with over 70% of homes already sold. Buyers can tour two fully furnished model homes and explore the community's desirable location, modern townhomes, and included signature features. With a median sales price of over $1.6 million and just 1.1 months of inventory, interested buyers should attend the grand opening event on August 9, 2025.

Pinnacle Investment Management Group Ltd (ASX:PNI) has reported a significant increase in net profit and funds under management, signaling robust growth in the financial services sector. The company's earnings call, released on August 5, 2025, highlighted several key performance indicators.

Pinnacle reported a 49% increase in net profit after tax, reaching $134.4 million, marking the highest in its history [1]. The company also achieved a 63% increase in funds under management, totaling $179.4 billion as of June 30, 2025. Record net inflows of $23.1 billion were reported, with contributions from new affiliates such as Life Cycle Investment Partners and Pacific Asset Management. Pinnacle's earnings per share rose by 37%, and dividends per share increased by 43% compared to FY24.

The company's diversified platform has shown strong long-term performance, with 91% of affiliate strategies outperforming their benchmarks over a five-year period. However, challenges remain, including variable performance fees and significant one-off costs associated with acquisitions. The initial large inflows into new affiliates may come at lower fee rates, potentially diluting overall fee margins.

The earnings call also addressed the company's growth initiatives. Pinnacle expects Navalo, which was not profitable in FY25, to become profitable in FY26, with the key earnings driver being asset-backed lending funds. The Horizon 2 initiatives include a $7 million write-back of performance fees and $16 million in operating costs, which represent investments in people and systems.

In terms of market expansion, Pinnacle's Life Cycle affiliate has shown strong interest from international markets, with promising pipeline growth. The company is also exploring new areas within asset-based finance, such as insurance premiums and receivables.

Despite the strong performance, investors should be aware of potential challenges, including the reliance on Hyperion's performance and the impact of significant one-off costs on short-term financial results. The company's focus on consolidation and integration of acquisitions may also delay profitability improvements in certain segments.

References:
[1] https://finance.yahoo.com/news/pinnacle-investment-management-group-ltd-073721618.html