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Centuria Office REIT
HY24 Interim Results

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

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Centuria Office REIT HY24 results

Australia’s largest listed pure-play office REIT .

Centuria Office REIT (ASX:COF) has announced its half year results for the 2024 financial year (HY24).

Centuria Capital Group is the manager of COF, positioning the A-REIT as Australia’s largest listed pure-play office REIT with a high-quality portfolio of 22 assets worth $2.1 billion, diversified by geography, tenants and lease expiry.

COF has a clear and simple strategy: Focused on generating sustainable and quality income streams and executing initiatives to create value across a portfolio of quality Australian office assets.

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13.8cpu

FY24 FFO guidance reaffirmed

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12.0cpu

FY24 DPU guidance reaffirmed

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96.2%1,2

Portfolio occupancy

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4.4 years2,3

Portfolio WALE

COF HY24 results highlights

Grant Nichols, Centuria Office REIT Fund Manager, discusses the Fund’s HY24 highlights.

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$2.1b

Portfolio value across 22 assets

90%

A-grade

17.7-year

Average building age

4.9

NABERS SPI Energy rating4

Providing high quality, highly connected and affordable office space.

Building agesdiscount rentsaccessconnectivity
Portfolio of young assetsCOF exposed market rents average a significant discount to Sydney CBDAccess to wellbeing amenity,
retail & hospitality		Connectivity with key transport nodes & reduced commute times

1. By gross income
2. Includes heads of agreement and executed leases
3. Weighted average lease expiry (WALE) by gross income
4. Excluding non-rated assets