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Centuria Office REIT
FY26 results

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Centuria Office REIT FY26 results

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11.2 cpu

FY26 FFO1 delivered

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10.1 cpu

FY26 DPU delivered

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$1.66

NTA2

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97%

A-grade offices3

Australia’s largest ASX listed pure play office REIT

Australia’s largest listed pure-play office REIT.

During FY26, 39,821 sqm was leased across 47 transactions4, representing 14.5% of portfolio NLA. Across the portfolio, 17,026 sqm of new leases were secured and 22,795 sqm renewed with strong leasing activity contributed to an average 5% portfolio re-leasing spread.

During the period, COF divested a non-core B-grade office asset at 9 Help Street, Chatswood NSW for $90 million, representing a 12.5% premium to book value,12.3% IRR and a 109% capital uplift during COF’s ownership period.

COF refinanced $1 billion of debt facilities, achieved a c.30bps reduction in debt margins and debt extension to 4.3 years with no debt expiring until FY29.

Like-for-like portfolio revaluations reflected an $18 million increase5 or a 1.0% gain on June 2025 book values, marking the second consecutive year of valuation stabilisation.

COF provides FY27 Funds From Operations (FFO)1 guidance of 11.3 cpu6 and FY27 distribution guidance of 9.0 cpu6.

 

 

 

COF FY26 results highlights

Watch Belinda Cheung, COF Fund Manager, discuss the REIT’s FY26 highlights.

Press play to watch the video.

A portfolio of quality, highly connected and affordable office space

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$1.8bn

Portfolio book value across 18 assets7

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91%

Portfolio occupancy8

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4.0 year

Portfolio WALE9

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5.1 star

NABERS SPI energy rating

Connectivity
Connectivity with key transport nodes and reduced commute times

Enhanced amenity​
COF assets provide access to wellbeing amenity, retail and hospitality

Building age

Young portfolio​
Prime assets are generating greater tenant demand

Accessible price point​
Deeper investment demand for assets valued less than $150 million.

  1. FFO is the Trust’s underlying and recurring earnings from its operations. This is calculated as the statutory net profit adjusted for certain non-cash and other items.
  2. NTA (Net Tangible Assets) per unit is calculated as net assets divided by number of units on issue.
  3. Management interpretation of PCA guidelines.
  4. Includes heads of agreement and executed leases.
  5. Reflects gross increase. Excludes capital expenditure incurred.
  6. Guidance remains subject to unforeseen circumstances and material changes in operating conditions.
  7. Investment properties of $1.8bn excludes a $32.3m leasehold asset under AASB 16.
  8. By gross income.
  9. Weighted average lease expiry (WALE) by gross income.