Centuria Office REIT lifts leasing, completes $1bn refinancing as FY26 outlook tweaked

An update from Centuria Office REIT ( (AU:COF) ) is now available.

Centuria Office REIT reported solid third-quarter operating metrics, securing 5,742sqm of lease terms across 11 transactions and lifting re-leasing spreads by 8.6%, with portfolio occupancy at 90% and a 4.0-year WALE. Leasing momentum was strongest in Brisbane fringe assets, where expanded space for existing tenants and rent growth in Fortitude Valley and Hamilton underpinned results despite macroeconomic uncertainty prolonging tenant decision timelines.

Management highlighted continued active asset repositioning and refurbishments to address vacancies, with incentives remaining above long-term averages amid elevated market vacancy. On the balance sheet, the REIT refinanced its entire $1 billion debt book, cutting margins by about 30 basis points, extending average debt expiry to 4.3 years, and pushing maturities out to FY29, while revising FY26 FFO guidance to 11.1–11.3 cpu and reaffirming a 10.1 cpu distribution, reinforcing its positioning in metropolitan office markets.

The most recent analyst rating on (AU:COF) stock is a Sell with a A$0.94 price target. To see the full list of analyst forecasts on Centuria Office REIT stock, see the AU:COF Stock Forecast page.

More about Centuria Office REIT

Centuria Office REIT is Australia’s largest ASX-listed pure-play office real estate investment trust, owning a portfolio of high-quality office assets in core metropolitan submarkets across the country. Managed by Centuria Property Funds Limited, a subsidiary of specialist investment manager Centuria Capital Group, the REIT targets income and capital growth from well-located Australian office properties.

Average Trading Volume: 2,778,244

Technical Sentiment Signal: Sell

Current Market Cap: A$561.5M

For detailed information about COF stock, go to TipRanks’ Stock Analysis page.