• $70.4m Funds From Operations (FFO), 11.8 cents per unit (cpu) FFO in line with guidance
• 10.1 cents distribution per unit (dpu), in line with FY25 guidance
• $1.67 per unit Net Tangible Assets (NTA)

Centuria Office REIT (COF) has announced its Full Year financial results for the period ended 30 June 2025. Financial highlights include $70.4m Funds From Operations (FFO), 11.8 cents per unit (cpu) FFO in line with guidance, 10.1 cents distribution per unit (dpu) in line with FY25 guidance, and a $1.67 per unit Net Tangible Assets (NTA). COF maintains adequate liquidity with $141.5m debt headroom, a 3.1-year Weighted Average Debt Expiry (WADE), and no debt expiring before FY28. The portfolio saw a $18m valuation increase in 2H FY25, the first period of gains since FY22, with 66% of portfolio revaluations increasing or stabilising, underpinned by a 4% increase in adopted market rents. Leasing activity totalled 24,406sqm across 44 transactions, representing 8.9% of portfolio NLA. The portfolio has a 91.2% occupancy and 4.1-year WALE, with 93% A-Grade assets and an average building age of 18 years. COF is targeting zero scope 2 emissions by 2028 and the elimination of gas and diesel in operations by 2035, with 53% of the portfolio now electrified.

COF provides FY26 FFO guidance range of 11.1-11.5 cpu and distribution guidance of 10.1 cpu (distribution yield of 7.7%), which are expected to be paid in quarterly instalments.

Looking ahead, higher replacement costs and office withdrawals for alternate-use conversion is expected to stem future supply and reduce the market size to rebalance office markets, reducing future vacancy rates. COF's portfolio is well positioned to benefit from these future tailwinds.