Highlights

  • The REIT reported 91% occupancy, 11.2 cents per unit of FY26 FFO and 10.1 cents per unit of FY26 distributions.
  • Centuria Office REIT reported funds from operations of 11.2 cents per unit for FY26, in line with its guidance, and distributions of 10.1 cents per unit.
  • A AUD 1 billion refinancing extended the Debt expiry profile to approximately 4.3 years and reduced debt margins by about 30 basis points.

Centuria Office REIT (ASX:COF) was priced at AUD 0.863, down 0.29% in the reported market trading figures. The REIT reported 91% occupancy, 11.2 cents per unit of FY26 FFO and 10.1 cents per unit of FY26 distributions. The company’s published FY26 announcement presents its property, leasing, financial and capital-management information for the reported period. Figures below follow the announcement’s stated measures and reporting basis.

FY26 Financial Outcomes

Centuria Office REIT reported funds from operations of 11.2 cents per unit for FY26, in line with its guidance, and distributions of 10.1 cents per unit. Net tangible Assets were AUD 1.66 per unit. The presentation recorded gearing of 43.7% and a weighted average portfolio Capitalisation rate of 7.04%. Assets under management were approximately AUD 1.9 billion at 30 June 2026.

Leasing Activity

Occupancy reached 91% and the portfolio weighted average Lease expiry was 4.0 years. The manager agreed leasing terms for approximately 40,000 square metres across 47 transactions. Re-leasing spreads across FY26 were approximately 5%. The results presentation discusses asset management across Australian office locations and the objective of maintaining tenancy and extending weighted average lease expiry.

Debt and Portfolio Actions

A AUD 1 billion refinancing extended the debt expiry profile to approximately 4.3 years and reduced debt margins by about 30 basis points. The sale of 9 Help Street occurred at a 12.5% premium to book value, according to the results presentation. The fund is managed by a Subsidiary of Centuria Capital Group, which the presentation identifies as its largest unitholder and external manager.

FY27 Outlook

Management provided FY27 FFO guidance of 11.3 cents per unit and distribution guidance of 9.0 cents per unit. It also forecast approximately 3% like-for-like net Operating Income growth for FY27, subject to circumstances and operating conditions. The outlook includes the effect of FY26 asset disposals, property-income assumptions and financing costs. The forecast figures should be distinguished from FY26 distributions and Earnings already reported.

Reported Position and Further Disclosures

The results distinguish operating metrics from statutory financial measures and, where applicable, adjusted or non-IFRS measures such as funds from operations. Occupancy, leasing, rental income and asset values describe different elements of Centuria Office REIT’s operations. Forward guidance and management targets are presented as stated company expectations rather than achieved financial outcomes. The figures in the attached release refer to their respective reporting dates and should not be treated as updated trading guidance unless subsequently confirmed by the company.