Centuria Office REIT Maintains Strong Q3 Performance

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

Centuria Office REIT reports a strong Q3 FY24 with 7,577sqm of leases across 13 deals, maintaining a high occupancy rate of 94.3% and a healthy WALE of 4.4 years. The company successfully divested a property for $38 million, using proceeds to reduce debt, and reaffirmed its FY24 financial guidance with an anticipated distribution yield of 10.3%. COF’s strategic focus remains on improving its balance sheet and portfolio quality while navigating the varied leasing momentum across Australian markets.

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