Centuria Office REIT (AU:COF) has released an update.
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Centuria Office REIT (COF) has announced a stable Q1 FY25 performance with a 91.2% occupancy rate and a 4.2-year weighted average lease expiry. The company has successfully refinanced $862 million in debt and secured a 10-year lease with ResetData, enhancing its portfolio value. COF reaffirms its FY25 guidance, projecting a distribution yield of 8.4%, as market conditions for office spaces show signs of improvement.
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