Centuria Office REIT* – Commercial Property Investment

Centuria Office REIT (ASX: COF) offers investors a chance to invest in commercial property via a real estate investment trust (listed property trust). COF is Australia’s largest pure play office REIT (A-REIT) and is included in the S&P/ASX300 Index. COF has a geographically diversified portfolio of 23 high quality assets with a value of $2.0 billion*. The portfolio is predominantly exposed to metropolitan and near city office markets that are well connected to transport and lend themselves to affordable rents.

COF Investment Objectives

The primary objective for COF as a real estate investment trust is to generate sustainable and quality income streams, by executing initiatives to create value across a portfolio of quality Australian office assets.

COF has a young portfolio with the average age of buildings being approximately 16 years old. It benefits from a strong tenant profile, with around 80% of income being derived from Government, multinational corporations and listed company tenants.

* As at 31 December 2020

COF Strategic Vision and Objectives


About the Manager

Centuria Property Funds Limited (CPFL) is the Responsible Entity for COF and a wholly-owned subsidiary of Centuria Capital Group (ASX:CNI).

COF benefits from Centuria Capital Group being a hands-on, proactive manager, with in-house property and facilities management and deep leasing capability. COF accounts for 20% of Centuria Capital Group’s total assets under management. CNI** is COF’s largest unitholder providing a strong alignment between Centuria Capital Group and COF’s unitholders.

**Includes associates of Centuria Capital Group


COF’s Strong Q3 Leasing Activity Tightens Guidance Range

  • c.16,597 sqm of leases agreed across 12 separate deals (5.8% of portfolio NLA), a strong indication of businesses returning to the office
  • 92.3% portfolio occupancy, and 97.1% average rent collections for the period July 2020 – March 2021
  • FY21 FFO guidance range tightened to the upper end, 19.7-19.9 cpu
  • FY21 distribution guidance of 16.5cpu reiterated, representing a current yield of 7.9%

COF HY21 results highlights

Centuria Office REIT Fund Manager, Grant Nichols discusses the Fund’s HY21 highlights.


Centuria Office REIT delivers solid HY21 Results

Centuria Office REIT delivered a solid performance throughout the first half of the 2021 Financial Year with significant leasing activity and high rent collection enabling the Trust to reinstate FY21 FFO guidance.


Why investors are flocking to the suburbs

Centuria Office REIT (ASX: COF) Fund Manager, Grant Nichols, weighed into JLL’s research about the strength of decentralised office markets from an investment perspective. Listen to his interview.


Centuria Announces Board Changes

Centuria has announced the appointment of Natalie Collins to the Boards of CPF2L, CLL and Over Fifty Guardian Friendly Society. Roger Dobson has also been announced as the new Chairman of CPF2L.

You are now leaving Centuria Australia
and entering Centuria New Zealand.