Centuria Office REIT Delivers Solid FY24 Performance

Centuria Office REIT (AU:COF) has released an update.

Centuria Office REIT (COF), Australia’s largest listed pure-play office REIT, has reported a stable Full Year performance for FY24 with $82.2 million in Funds From Operations and a distribution of 12.0 cents per unit, both aligning with forecasts. The company has strengthened its balance sheet through strategic divestments and refinancing efforts, leading to a solid liquidity position with no debt maturing before FY28. Portfolio highlights include significant leasing activities, maintaining high occupancy rates, and the continuation of value-add initiatives across various properties.

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