• Delivered FY25 FFO guidance of 11.8cpu and FY25 DPU guidance of 10.1cpu
• Portfolio valuations stabilised or increased by $18m in 2H FY25
• 91.2% portfolio occupancy, 4.5% portfolio rental growth year-on-year

Centuria Office REIT (COF) reported its FY25 results, delivering Funds from Operations (FFO) of 11.8cpu and Distributions per Unit (DPU) of 10.1cpu. This was in line with guidance provided. The portfolio saw $18m of like-for-like valuation gains in the second half of FY25, with 91.2% occupancy and 4.5% portfolio rental growth year-on-year. COF's portfolio is diversified by geography, tenants, and lease expiry, with a focus on maintaining occupancy and extending the Weighted Average Lease Expiry (WALE). The group has a robust and diversified capital structure, with 44% gearing and ample headroom to debt covenants. Looking ahead to FY26, COF's key priorities are to maintain high occupancy, sustain portfolio quality, and proactively manage its capital position. The group provided FY26 guidance of 11.1-11.5cpu for FFO and 10.1cpu for distributions, with an expected distribution yield of 7.7% based on the current unit price.

FY26 FFO guidance of 11.1-11.5cpu and FY26 distribution guidance of 10.1cpu.