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Centuria Office REIT ( (AU:COF) ) has provided an announcement.
Centuria Office REIT (COF) has finalized an unconditional contract to sell the Chatswood office property at 9 Help Street, NSW, for $90 million, representing a 12.5% premium to book value. This divestment reflects a positive shift in domestic office market sentiment and supports COF’s strategy to enhance its portfolio quality and strengthen its balance sheet. The sale, which provided COF unitholders with a 109% capital uplift since listing, is anticipated to settle by June 2026, with proceeds allocated for debt repayment, positioning the company for further financial stability.
The most recent analyst rating on (AU:COF) stock is a Buy with a A$1.61 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 pure-play office real estate investment trust (REIT) listed on the ASX and part of the S&P/ASX300 Index. It specializes in managing high-quality office assets in key Australian submarkets, offering both income and capital growth opportunities for investors. COF is managed by Centuria Property Funds Limited, a subsidiary of Centuria Capital Group, which oversees $20.6 billion in assets under management and provides a range of listed and unlisted property investment options.
Average Trading Volume: 1,018,594
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$663M
For detailed information about COF stock, go to TipRanks’ Stock Analysis page.