Centuria Office REIT (COF) AI Stock Analysis

• Market Cap: AU$743.68M
• Dividend Yield: 9.06%
• Average Volume (3M): 946.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: -9.52%
• EPS Growth: 47.94%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 66
• Industry: REIT - Office
• EPS (TTM): -0.15
• Shares Outstanding: 597,336,900
• 10 Day Avg. Volume: 815,536
• 30 Day Avg. Volume: 946,567
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.10
• Price Target Upside: -9.84% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

Centuria Office REIT faces significant challenges with declining revenue and profitability, as well as concerns about financial stability due to high debt levels and a decrease in stockholders' equity. Although technical analysis suggests potential stability, the negative P/E ratio and high dividend yield present a mixed valuation picture. Overall, the stock requires strategic improvements to enhance financial health and investor appeal.

Centuria Office REIT Business Overview & Revenue Model

Company Description

Centuria Office REIT (COF) is an Australian-based real estate investment trust that specializes in owning and managing office properties across major metropolitan areas in Australia. As a leading player in the office sector, COF focuses on high-quality office assets that offer stable and secure income streams for its investors. The trust is managed by Centuria Capital Group, a well-established property investment manager known for its expertise in the Australian real estate market.

How the Company Makes Money

Centuria Office REIT makes money primarily through the rental income generated from its portfolio of office properties. These properties are leased to a diverse range of tenants, providing a consistent and reliable source of revenue. The trust aims to maintain high occupancy rates and long-term lease agreements to ensure stable cash flows. Additionally, COF may engage in strategic acquisitions and divestments of properties to optimize its portfolio and enhance returns. Factors such as location, property quality, and tenant relationships contribute significantly to its earnings. The management team's ability to effectively negotiate leases and manage property expenses also plays a crucial role in maximizing profitability.

Centuria Office REIT Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
161.58M	167.28M	167.02M	161.81M	146.42M
	Gross Profit
99.08M	106.56M	109.12M	109.10M	98.78M
	EBIT
88.35M	107.22M	120.41M	111.43M	89.83M
	EBITDA
88.35M	107.22M	134.30M	111.43M	90.23M
	Net Income Common Stockholders
-168.75M	-91.93M	115.02M	76.94M	23.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.50M	17.29M	26.56M	15.64M	28.81M
	Total Assets
1.98B	2.31B	2.41B	2.07B	2.12B
	Total Debt
857.03M	926.12M	861.10M	733.46M	779.09M
	Net Debt
839.54M	908.84M	834.54M	717.82M	750.28M
	Total Liabilities
901.93M	994.67M	918.27M	793.87M	836.31M
	Stockholders Equity
1.08B	1.32B	1.49B	1.27B	1.28B
Cash Flow		Free Cash Flow
63.79M	71.65M	95.31M	103.97M	82.99M
	Operating Cash Flow
63.79M	71.65M	95.31M	103.97M	82.99M
	Investing Cash Flow
81.21M	-54.53M	-317.89M	14.14M	-689.01M
	Financing Cash Flow
-144.91M	-26.39M	233.50M	-131.27M	617.28M

Centuria Office REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:COF, the sentiment is Positive. The current price of 1.22 is below the 20-day moving average (MA) of 1.24, above the 50-day MA of 1.17, and above the 200-day MA of 1.15, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 54.86 is Neutral, neither overbought nor oversold. The STOCH value of 16.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:COF.

Centuria Office REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CQR	73 Outperform	€2.23B	13.29	6.37%	6.91%	-7.70%	―
CIP	68 Neutral	AU$1.92B	19.46	3.99%	5.35%	4.34%	―
Sector *	60 Neutral	$2.82B	10.41	0.43%	8531.49%	6.00%	-17.35%
DXS	58 Neutral	$8.02B	―	-9.22%	5.84%	0.32%	28.89%
GPT	54 Neutral	AU$8.98B	―	-1.94%	5.46%	8.59%	16.36%
GOZ	54 Neutral	AU$1.83B	―	-10.45%	8.58%	2.70%	-8.39%
COF	53 Neutral	AU$743.68M	―	-8.21%	9.06%	-9.52%	47.94%

Centuria Office REIT Corporate Events

Centuria Office REIT Reports Strong Q3 FY25 Leasing Performance

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.