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An announcement from Centuria Office REIT ( (AU:COF) ) is now available.
Centuria Office REIT reported a decrease in total revenue and other income for the period ending December 2024, with revenues dropping by 10.88% and funds from operations declining by 16.97% compared to the previous year. Despite this, the REIT’s net loss for the period showed significant improvement, decreasing by 78.67%, which may reflect strategic adjustments or cost management efforts. Distributions were declared for the June, September, and December 2024 quarters, with a Distribution Reinvestment Plan currently suspended, indicating a focus on direct returns to investors.
More about Centuria Office REIT
Centuria Office REIT is a real estate investment trust focused on office properties, providing investment opportunities in commercial real estate within Australia.
YTD Price Performance: 5.00%
Average Trading Volume: 897,663
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$689.9M
Find detailed analytics on COF stock on TipRanks’ Stock Analysis page.