Centuria Office REIT Reports Strong Q3 FY25 Leasing Performance

Centuria Office REIT ( (AU:COF) ) has shared an announcement.

Centuria Office REIT has provided its Q3 FY25 update, highlighting a strong leasing performance with 21,078 sqm of lease terms agreed year-to-date, representing 7.7% of its portfolio. The company maintains a high occupancy rate of 91.4% and a weighted average lease expiry of 4.2 years, outperforming the national office market average. Despite challenges such as elevated national vacancy rates and new office supply, COF remains optimistic about the medium-term prospects of the Australian office market, supported by diminishing forecast supply and improving net absorption. The company reaffirmed its FY25 financial guidance, including a distribution yield of 8.1%, and continues to focus on addressing vacancies and lease expiries to enhance its portfolio’s resilience.

The most recent analyst rating on (AU:COF) stock is a Sell with a A$1.40 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 (COF) is Australia’s largest ASX-listed pure play office Real Estate Investment Trust (REIT) and is part of the S&P/ASX300 Index. The company owns a portfolio of high-quality office assets located in key submarkets across Australia, offering investors income and potential capital growth. It is managed by Centuria Property Funds Limited, a subsidiary of Centuria Capital Group, which is a specialist investment manager with a diverse range of investment opportunities.

Average Trading Volume: 1,057,627

Technical Sentiment Signal: Buy

Current Market Cap: A$764.6M

Find detailed analytics on COF stock on TipRanks’ Stock Analysis page.