Australia’s largest ASX listed pure play office REIT
In FY25 COF agreed 24,406 sqm of leasing across 44 deals3, representing 8.9% of the portfolio’s net lettable area. Portfolio occupancy remained well above the national metropolitan market average of 82%4, reflecting continued tenant demand and proactive leasing strategies.
COF reported $18 million in valuation growth in the second half of FY25, marking the first period of growth since FY22.
During FY25, debt was successfully refinanced with covenants renegotiated and no change to margin. Refinancing has resulted in no debt expiring before FY28.
COF’s 1.1MW edge data centre has delivered a 19% uplift in asset valuation and diversifying tenant mix.
