Centuria Office REIT (AU:COF) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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.
For further insights into AU:COF stock, check out TipRanks’ Stock Analysis page.
