Centuria Office REIT (ASX:COF) announced its FY26 financial results on 4 August 2026. Dividend data for the stock shows an interim distribution of A$0.022 per unit and an Annual Dividend Yield of 11.77%, with a pay date of 28 October 2026.

Ticker

Type

Dividend amount

Annual yield

Ex date

Record date

Pay date

Franking

ASX:COF

Interim

$0.022

11.77%

29 Sep 2026

30 Sep 2026

28 Oct 2026

0%

Dividend details

The distribution of A$0.022 per unit has an ex-date of 29 September 2026, a Record Date of 30 September 2026 and a pay date of 28 October 2026, with franking of 0%. REIT distributions are generally paid from rental income and may not carry franking credits.

The announcement gives FY26 distributions of 10.1 cents per unit and FY27 guidance of 9.0 cents per unit, which it describes as a distribution yield of 10.1% on the basis in its footnote. The 11.77% figure in the dividend data is calculated separately and depends on the price used.

FY26 results and payout

Funds from operations (FFO) were A$66.9 million, or 11.2 cents per unit, down from 11.8 cents in FY25, in line with guidance. Distributions per unit were 10.1 cents, unchanged from FY25. Statutory profit was A$55.2 million, compared with a loss of A$19.8 million. Net tangible Assets were A$1.66 per unit, compared with A$1.67.

FY27 guidance is FFO of 11.3 cents per unit and distributions of 9.0 cents per unit, which is below the 10.1 cents paid for FY26.

Balance sheet and portfolio

COF refinanced A$1 billion of debt, extending the weighted average Debt expiry to 4.3 years from 2.6 years and reducing the debt Margin by about 30 basis points. Gearing was 43.7% with 76% of debt hedged, and A$189.3 million of cash and undrawn debt was available. The interest coverage ratio was 2.0 times and the loan-to-value ratio 44.8%, which the company said provide headroom to covenants.

The portfolio of 18 assets valued at A$1.8 billion had occupancy of 91%, a weighted average Lease expiry of 4.0 years and a weighted average Capitalisation rate of 7.04%, up 16 basis points. Like-for-like valuations rose 1.0%, and leasing totalled about 40,000 square metres across 47 transactions.

Sector backdrop

Listed office REITs earn income from tenant rents, and distributions are influenced by occupancy, lease expiries, incentives, interest costs and property valuations. Office market conditions in Australia have been affected by hybrid work and higher interest rates, and the release describes conditions as stabilising.

Because unit prices have moved with property valuations and interest rates, trailing yields can be high relative to history without indicating the sustainability of the payout.

Risks shareholders should weigh

FY27 distribution guidance of 9.0 cents per unit is lower than the 10.1 cents paid in FY26, so the trailing yield may not reflect future payments. FFO per unit fell during FY26, and guidance depends on leasing and costs.

Gearing of 43.7% and a 2.0 times interest coverage ratio leave limited room if valuations or income fall. The capitalisation rate widened during the year, and further valuation declines could affect gearing and NTA.

Occupancy is 91% and the lease expiry profile is 4.0 years, so re-leasing outcomes matter. The REIT is concentrated in office assets, and distributions are unfranked.

What’s next

The distribution is payable on 28 October 2026. Shareholders may wish to watch for leasing updates, valuation outcomes, debt and hedging changes, and progress against FY27 guidance of 11.3 cents FFO and 9.0 cents distributions per unit.