Want to see AU:COF full AI Analyst Report?
Top Page
Centuria Office REIT
(Sydney:COF)
Select Model
Select Model
Rating:66Neutral
Price Target:
AU$0.96
▲(8.64% Upside)
Action:Reiterated
Date:08/05/26
The score is led by a solid financial base (steady and improving cash flow plus moderate leverage) and attractive valuation (low P/E and high dividend yield). These positives are tempered by multi-year earnings volatility and soft revenue momentum, while technical signals remain broadly neutral with a weaker longer-term trend.
Positive Factors
Cash generation
Consistent positive operating and free cash flow, with a notable FCF rebound in FY2026, strengthens the trust's ability to fund distributions, maintenance and selective capex without relying solely on equity raises. This durable cash conversion supports long-term payout capacity and operational flexibility.
Negative Factors
Revenue decline
A persistent revenue downtrend reduces the durable income base for a REIT, pressuring long-term distributable cash and asset valuations. If tenant demand or rents remain weak, reversing this trend will require sustained leasing gains or portfolio repositioning, which can take many quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow, with a notable FCF rebound in FY2026, strengthens the trust's ability to fund distributions, maintenance and selective capex without relying solely on equity raises. This durable cash conversion supports long-term payout capacity and operational flexibility.
Read all positive factors
Centuria Office REIT (COF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$546.56M
Dividend Yield11.04%
Average Volume (3M)859.08K
Price to Earnings (P/E)8.9
Beta (1Y)0.42
Revenue Growth3.61%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)0.09
Shares Outstanding597,336,900
10 Day Avg. Volume949,986
30 Day Avg. Volume859,083
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.54
Price to Sales (P/S)3.47
P/FCF Ratio12.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.96Price Target Upside8.71% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering6
EPS Forecast (FY)0.11
Revenue Forecast (FY)AU$125.08M
Centuria Office REIT Business Overview & Revenue Model
Company Description
Centuria Office REIT is Australia’s largest ASX listed pure play office REIT and is included in the S&P/ASX300 Index. COF owns a portfolio of high-quality office assets situated in core submarkets throughout Australia. COF is overseen by a hands-o...
How the Company Makes Money
COF makes money primarily by earning rental income from tenants leasing space in its office properties. This revenue is generated through lease contracts (typically with agreed base rent and, where applicable, escalation mechanisms), and is suppor...
Centuria Office REIT Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
69
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 153.17M | 153.53M | 161.58M | 167.28M | 167.02M |
| Gross Profit | 88.33M | 142.69M | 99.08M | 106.56M | 109.12M |
| EBITDA | 105.47M | 28.89M | 88.35M | 107.22M | 134.30M |
| Net Income | 55.19M | -19.78M | -168.75M | -91.93M | 115.02M |
Balance Sheet | |||||
| Total Assets | 1.90B | 1.95B | 1.98B | 2.31B | 2.41B |
| Cash, Cash Equivalents and Short-Term Investments | 9.25M | 8.50M | 17.50M | 17.29M | 26.56M |
| Total Debt | 862.83M | 901.52M | 857.03M | 926.12M | 861.10M |
| Total Liabilities | 904.47M | 955.05M | 901.93M | 994.67M | 918.27M |
| Stockholders Equity | 990.67M | 995.81M | 1.08B | 1.32B | 1.49B |
Cash Flow | |||||
| Free Cash Flow | 44.17M | 53.27M | 63.79M | 71.65M | 95.31M |
| Operating Cash Flow | 44.17M | 53.27M | 63.79M | 71.65M | 95.31M |
| Investing Cash Flow | 55.44M | -40.71M | 81.21M | -54.53M | -317.89M |
| Financing Cash Flow | -98.86M | -21.55M | -144.91M | -26.39M | 233.50M |
Centuria Office REIT Technical Analysis
Positive
0.88
Price Trends
0.89
Positive
0.90
Positive
0.97
Negative
Market Momentum
<0.01
Negative
52.21
Neutral
31.87
Neutral
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 0.88 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 0.89, and below the 200-day MA of 0.97, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.21 is Neutral, neither overbought nor oversold. The STOCH value of 31.87 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$9.85B | 12.07 | 7.84% | 4.90% | 3.78% | ― | |
66 Neutral | AU$546.56M | 8.94 | 5.47% | 11.54% | 3.61% | ― | |
66 Neutral | AU$7.06B | 18.28 | 4.23% | 5.59% | -8.84% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$2.74B | 12.12 | 6.69% | 6.93% | 33.58% | ― | |
56 Neutral | AU$6.42B | 13.61 | 4.78% | 6.46% | -1.07% | ― | |
53 Neutral | AU$1.68B | 45.88 | 1.57% | 8.60% | -0.81% | ― |
* Real Estate Sector Average
AU:COF
Centuria Office REIT
0.90
-0.28
-23.60%
AU:DXS
Dexus
6.06
-0.78
-11.35%
AU:GPT
GPT Group
5.25
0.31
6.32%
AU:MGR
Mirvac Group
1.81
-0.38
-17.24%
AU:GOZ
Growthpoint Properties Australia
2.24
-0.08
-3.49%
AU:CLW
Charter Hall Long WALE REIT
3.84
-0.28
-6.82%
Centuria Office REIT Corporate Events
Centuria Office REIT Highlights FY26 Results and Leadership Team
Aug 3, 2026
Centuria Office REIT has released its FY26 results, highlighting operations from its headquarters at 100 Brookes Street in Fortitude Valley, Queensland. The announcement was led by fund manager Belinda Cheung, deputy fund manager Cameron Mullen an...
Centuria Office REIT posts stabilising FY26 results and tightens capital management
Aug 3, 2026
Centuria Office REIT reported FY26 funds from operations of $66.9 million, or 11.2 cents per unit, and maintained distributions at 10.1 cents per unit, in line with guidance and returning to a statutory profit of $55.2 million. Net tangible assets...
Centuria Office REIT Publishes 2026 Annual Financial Report
Aug 3, 2026
Centuria Office REIT has released its annual financial report for the year ended 30 June 2026, detailing its financial performance, governance and audit outcomes. The document includes the directors’ report, auditor’s independence decl...
Centuria Office REIT Swings to Profit as Revenue Rises, NTA Edges Lower
Aug 3, 2026
Centuria Office REIT reported total revenue and other income of $172.4 million for the year to 30 June 2026, up 11.7% on the prior year, while funds from operations slipped 4.9% to $66.9 million. The trust swung to a $55.2 million profit attributa...
Centuria Office REIT sets date for FY26 results and investor webcast
Jul 30, 2026
Centuria Office REIT will release its financial year 2026 results for the period ended 30 June on 4 August 2026, underscoring upcoming disclosure on the performance of its national office portfolio. The announcement will be followed by a managemen...
Centuria Office REIT Declares Quarterly Distribution for June 2026
Jun 4, 2026
Centuria Office REIT has announced a new quarterly distribution for holders of its fully paid ordinary units, relating to the period ending 30 June 2026. The trust declared a cash distribution of AUD 0.02525 per unit, with an ex-date of 29 June 20...
Centuria Office REIT lifts leasing, completes $1bn refinancing as FY26 outlook tweaked
May 11, 2026
Centuria Office REIT reported solid third-quarter operating metrics, securing 5,742sqm of lease terms across 11 transactions and lifting re-leasing spreads by 8.6%, with portfolio occupancy at 90% and a 4.0-year WALE. Leasing momentum was stronges...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.