Centuria Office

Centuria Office REIT provide an operating update for Q1 FY22, with expectations of a strong return to Metro office locations as lockdown conditions ease.

Centuria Office REIT (COF), has acquired two high-quality office acquisitions in key near-city and metropolitan Melbourne and Sydney markets for a total purchase price of $273.1 million

uria Office REIT, Australia’s largest listed pure-play office REIT, has announced its Full Year financial results for the period ended 30 June 2021 with Funds from Operations up 16% but distribution yield slightly lower than FY20 at 7%.

Centuria Office REIT has completed $405 million of debt refinancing, and obtained external valuations on 14 of its 22 properties as at 30 June 2021, resulting in a $16.3 million increase.

Centuria Office REIT, Australia’s largest listed pure-play office fund, announced its Q3 FY21 update which show strong leasing activity throughout the March quarter resulting in the REIT tightening its guidance range.

Centuria Office continues to trade at a -20% discount to NTA despite as markets continue to price in risk in the office sector.

The COVID pandemic has put a small dent in the valuations of the Centuria Office REIT as rents and incentives adjust to the new normal.

The Centuria Office REIT has entered into an unconditional contract for the sale of its 25% interest in 465 Victoria Avenue, Chatswood NSW for $44.7 million.

Centuria Office Fund provided a trading update for Q1, 2021, revealing COVID impacts continue to disrupt income and occupancy levels across the portfolio, though there's hope for a return to normal.

The Centuria Office REIT results showed the fund delivering well in FY20, but is forecasting a -7% drop in distributions in 2021 in light of the challenging operating conditions resulting from COVID-19.

Centuria Office REIT has announced it has secured an additional seven-year debt facility from Crédit Agricole, increasing their undrawn capacity by approx $60m.

Centuria Metro Office Fund has increased its total return to 11.2% but with a declining income yield.

Centuria Metropolitan REIT has entered an agreement to acquire the industry award winning Nishi building at 2 Phillip Law Street, Canberra for $256 million.

Centuria Metropolitan REIT has provided an update to the market in relation to leasing progress across its portfolio.

Centuria provide an updated of the progress for Q1 FY20 for its Metropolitan REIT this week. Key Highlights Terms agreed for 8,168 sqm of leasing (3.0% of portfolio...