• Reaffirmed FY26 Funds From Operations (FFO) and distribution guidance
• Portfolio valuation increased $42.8m, second consecutive period of gains
• Divested 9 Help Street, Chatswood at 12.5% premium to book value

Centuria Office REIT (COF), Australia's largest listed pure-play office REIT, has announced its Half Year financial results for the period ended 31 December 2025. Key highlights include reaffirmed FY26 Funds From Operations (FFO) guidance of 11.1-11.5 cpu and distribution guidance of 10.1 cpu, a $33.4m FFO result or 5.6 cents per unit, and a $42.8m increase in portfolio valuation marking the second consecutive period of growth. The REIT also achieved a 12.5% premium to book value on the divestment of 9 Help Street, Chatswood, aligning with its strategy to capture optimal value in underlying assets and strengthen the balance sheet. During the period, COF delivered its second largest volume of leasing on record, with 29,354sqm leased across 26 transactions, and maintained a portfolio occupancy of 91% and a 4.1-year WALE. The REIT's proforma gearing stood at 42.5% with ample debt covenant headroom. Looking ahead, COF reaffirmed its optimism for the domestic metropolitan office sector, citing constrained future supply and anticipated robust recovery in occupancy and rental growth.

COF reaffirms FY26 FFO guidance of 11.1-11.5 cpu and distribution guidance of 10.1 cpu (9.5% distribution yield), which are expected to be paid in quarterly instalments.

COF expects valuations and capital values to continue stabilizing, with most metropolitan office rental values improving and positive rental growth forecasts. Confidence in the office markets COF is exposed to is strengthening, supported by improving interest from capital markets.