• Centuria Office REIT
    HY21 Interim Results

    A quality portfolio of highly connected and affordable office space without single market concentration

    HY21 Interim Results

    Centuria Office REIT

19.4-19.9cpu1
FY21 FFO
Guidance

16.5 cpu
Distribution
FY21 Guidance

33.2%2,3
Gearing
 

$175.7m3
Undrawn
Debt

Centuria Office REIT
HY21 Results

Australia’s largest ASX listed pure play office REIT 

Centuria Office REIT (ASX:COF) today announced HY21 interim results to 31 December 2020.

Centuria Capital is the manager of the Centurial Office REIT. Through the scale and expertise under Centuria management, COF has grown to be Australia’s largest pure-play office REIT with a $2.0bn portfolio, whilst significantly de-risking the platform through active asset management, repositioning and fortifying the balance sheet.

COF HY21 results highlights

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

23
High quality
assets

$2.0b
Portfolio
value

91.5%4
Portfolio
occupancy

4.5 years4
Portfolio
WALE

Providing high quality, highly connected and affordable office space.

geographic diversificationconnectivityaccessBuilding agesdiscount rents
Balanced geographic diversification without single market concentrationConnectivity with key transport nodes & reduced commute timeAccess to recreational amenity, essential retail & hospitalityAverage building age is
c.16 years
COF exposed market rents average a significant discount to Sydney CBD

COF HY21 Results Presentation

Centuria Office REIT Fund Manager, Grant Nichols presents the fund’s HY21 performance

1 Guidance remains subject to unforeseen circumstances and material changes in operating conditions
2 Gearing is defined as total borrowings less cash divided by total assets less cash and goodwill
3 Undrawn capacity excludes a $1.5m bank guarantee held as security over the 46 Colin Street, West Perth WA ground lease. Adjusted to include the proceeds from the sale of 465 Victoria Avenue, Chatswood, NSW
4 By gross income