Centuria Office REIT (COF) AI Stock Analysis

• Market Cap: AU$725.76M
• Dividend Yield: 8.28%
• Average Volume (3M): 793.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -4.50%
• EPS Growth: 88.28%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): <0.01
• Shares Outstanding: 597,336,900
• 10 Day Avg. Volume: 1,047,616
• 30 Day Avg. Volume: 793,438
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• 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$1.26
• Price Target Upside: 3.28% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 6

• Rating: 49 Neutral
• Price Target: AU$1.00 ▼(-18.03% Downside)

Centuria Office REIT's overall score is primarily impacted by its mixed financial performance and valuation concerns. While the company benefits from strong gross profit margins and a high dividend yield, these are overshadowed by negative net income, rising leverage, and a lack of positive market momentum.

Centuria Office REIT Business Overview & Revenue Model

Company Description

Centuria Office REIT (COF) is a publicly listed real estate investment trust in Australia, specializing in the acquisition, management, and leasing of commercial office properties. It forms part of the larger Centuria Capital Group and focuses on providing high-quality office spaces across key metropolitan and regional markets in Australia. The trust aims to deliver stable and sustainable income returns to its investors through strategic property management and investment activities.

How the Company Makes Money

Centuria Office REIT makes money primarily through the leasing of its portfolio of office properties. The company generates revenue by collecting rental income from tenants occupying its office spaces. This rental income forms the core revenue stream and is supplemented by lease incentives and recoveries, such as service charges and property management fees. The trust seeks to maximize occupancy rates and rental yields to enhance profitability. Additionally, COF may engage in property acquisitions and disposals to optimize its portfolio, aiming to increase asset value and returns. Strategic partnerships and joint ventures with other real estate entities can also contribute to earnings by expanding investment opportunities and sharing resources.

Centuria Office REIT Financial Statement Overview

Summary

Centuria Office REIT shows a mixed financial performance. Strong gross profit margins and positive operating cash flows are offset by negative net income, declining free cash flow, and rising leverage, indicating potential financial instability.

Income Statement

Centuria Office REIT has experienced fluctuating revenue growth, with a slight increase in the most recent year. However, the company has faced consistent net losses, leading to negative net profit margins. The gross profit margin remains strong, indicating efficient cost management, but the declining EBIT and EBITDA margins suggest challenges in operational efficiency.

Balance Sheet

The debt-to-equity ratio has increased over the years, indicating rising leverage, which could pose financial risks. The return on equity has been negative recently, reflecting the company's inability to generate profits from shareholders' equity. However, the equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

Operating cash flow remains positive, with a strong coverage ratio, indicating good cash generation relative to net income. However, the free cash flow has seen a decline, which could impact future investments. The consistent free cash flow to net income ratio of 1.0 suggests that all net income is being converted into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	153.90M	153.53M	161.58M	167.28M	167.02M	161.81M
Gross Profit	142.69M	142.69M	99.08M	106.56M	109.12M	109.10M
EBITDA	36.98M	28.89M	88.35M	107.22M	134.30M	111.43M
Net Income	-19.78M	-19.78M	-168.75M	-91.93M	115.02M	76.94M
Balance Sheet
Total Assets	1.95B	1.95B	1.98B	2.31B	2.41B	2.07B
Cash, Cash Equivalents and Short-Term Investments	8.50M	8.50M	17.50M	17.29M	26.56M	15.64M
Total Debt	901.52M	901.52M	857.03M	926.12M	861.10M	733.46M
Total Liabilities	955.05M	955.05M	901.93M	994.67M	918.27M	793.87M
Stockholders Equity	995.81M	995.81M	1.08B	1.32B	1.49B	1.27B
Cash Flow
Free Cash Flow	52.80M	53.27M	63.79M	71.65M	95.31M	103.97M
Operating Cash Flow	52.80M	53.27M	63.79M	71.65M	95.31M	103.97M
Investing Cash Flow	-40.71M	-40.71M	81.21M	-54.53M	-317.89M	14.14M
Financing Cash Flow	-21.08M	-21.55M	-144.91M	-26.39M	233.50M	-131.27M

Centuria Office REIT Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.22
• 50DMA: Negative
• 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 Neutral. The current price of 1.22 is below the 20-day moving average (MA) of 1.24, below the 50-day MA of 1.25, and above the 200-day MA of 1.17, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.40 is Neutral, neither overbought nor oversold. The STOCH value of 17.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:COF.

Centuria Office REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GDI	70 Outperform	AU$361.68M	10.15	―	7.46%	17.85%	―
DXI	67 Neutral	AU$929.60M	11.04	4.96%	5.61%	-8.67%	―
ABG	57 Neutral	AU$1.10B	41.03	1.72%	6.88%	4.69%	―
CMW	56 Neutral	AU$1.23B	-20.98	-1.55%	6.38%	-5.64%	89.16%
AOF	53 Neutral	AU$65.75M	-1.85	―	14.00%	-68.24%	42.03%
COF	49 Neutral	AU$725.76M	―	-1.91%	8.28%	-4.50%	88.28%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Centuria Office REIT Corporate Events

Centuria Office REIT to Announce FY25 Financial Results

Centuria Office REIT announced that its FY25 financial results for the period ending 30 June 2025 will be released on 15 August 2025, followed by a management briefing. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future outlook, potentially impacting investor decisions and market positioning.

The most recent analyst rating on (AU:COF) stock is a Sell with a A$1.35 price target. To see the full list of analyst forecasts on Centuria Office REIT stock, see the AU:COF Stock Forecast page.

Centuria Office REIT Declares June 2025 Distribution

Centuria Office REIT has declared a distribution of 2.525 cents per unit for the quarter ending June 30, 2025, with the Distribution Reinvestment Plan remaining suspended. This announcement reflects COF’s ongoing commitment to providing income to its investors and maintaining its position as a leading office REIT in Australia.

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.

Centuria Office REIT Announces Quarterly Distribution

Centuria Office REIT has announced a new distribution of AUD 0.02525 per ordinary unit for the quarter ending June 30, 2025. The distribution will be paid on August 19, 2025, with an ex-date of June 27, 2025, and a record date of June 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may impact its market positioning by reinforcing its reliability in dividend distributions.

The most recent analyst rating on (AU:COF) stock is a Sell with a A$1.14 price target. To see the full list of analyst forecasts on Centuria Office REIT stock, see the AU:COF Stock Forecast page.

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.