Highlights

  • Centuria Office REIT delivered FY26 FFO of $66.9 million, or 11.2 cents per unit, meeting guidance for the year overall.
  • Distributions of 10.1 cents per unit were declared for FY26, in line with the prior year for the financial year.
  • Net tangible Assets stood at $1.66 per unit, with A-grade office properties comprising 97% of Centuria Office REIT’s portfolio overall.
  • FY27 guidance is for FFO of 11.3 cents per unit and distributions of 9.0 cents per unit during the year.

Centuria Office REIT (ASX:COF), Australia's largest ASX-listed pure-play office REIT with $1.9 billion of AUM across 18 assets, delivered its FY26 results on 4 August 2026. The REIT reported FFO of $66.9 million, or 11.2 cents per unit (cpu), meeting its FY26 guidance. Net profit reversed from a $19.8 million loss in FY25 to a $55.2 million profit in FY26. Distributions of 10.1 cpu were declared for the year, paid as four equal quarterly instalments of 2.525 cents. Net tangible assets per unit stood at $1.66. 97% of the portfolio is invested in A-grade office properties, managed by Centuria Capital Group (ASX:CNI).

Portfolio Performance and Operational Highlights

Centuria Office REIT's portfolio of 18 high-quality office assets across core Australian metropolitan submarkets demonstrated resilience during FY26 as the office leasing market continued its recovery from post-pandemic disruptions. Portfolio occupancy was 91% at 30 June 2026, with re-leasing spreads of 5% achieved across Lease renewals during the year. Gearing was 43.7%, with 76% of Debt hedged. The fund manager, Belinda Cheung, noted continued execution on the REIT's FY26 strategic priorities including building leasing momentum and strengthening the balance sheet. COF also completed a full refinancing of its approximately $1 billion of debt facilities during FY26, extending its debt Maturity profile and improving its interest cost management.

Capital Management and Debt Position

A key highlight of FY26 for Centuria Office REIT was the full refinancing of existing debt facilities, which reduced the REIT's near-term refinancing risk and provided enhanced covenant headroom. With 76% of debt hedged, COF is well positioned to manage Interest Rate movements. The REIT's AUM of $1.9 billion is invested across assets situated in core submarkets throughout Australia. Centuria Capital Group remains COF's largest unitholder with a 19% co-investment as at 30 June 2026, reflecting strong alignment between manager and investors.

FY27 Outlook and Guidance

Centuria Office REIT has provided FY27 FFO guidance of 11.3 cents per unit — a 0.9% increase on the 11.2 cpu delivered in FY26 — underpinned by like-for-like property income growth and disciplined capital management. FY27 distribution guidance of 9.0 cpu reflects a recalibration of the Payout Ratio to a more sustainable long-term level. Metropolitan office markets were characterised as recovering, with strong leasing activity and positive valuation gains noted in the first months of FY27. The fund aims to deliver 97%+ A-grade office exposure as a differentiator in an improving market.

Stock Price Information

Centuria Office REIT (ASX:COF) shares were trading at $0.895 on 6 November 2026, representing a decline of 1.65% for the day. The stock has declined approximately 27% over the past 12 months.