COF.ASX: Debt refinancing completed, margins reduced

Debt refinancing completed, margins reduced

Stock	Centuria Office REIT (COF.ASX)
Release Time	31 Mar 2026, 9:41 a.m.
Price Sensitive	Yes

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Centuria Office REIT refinances debt, reduces margins

Key Points

Refinanced $1 billion in existing debt facilities
Reduced debt margins by ~30 basis points
Extended weighted average debt expiry to 4.3 years

Full Summary

Centuria Office REIT (COF) has announced that it has refinanced all of its existing debt facilities, totaling $1 billion. This refinancing has reduced debt margins by approximately 30 basis points and extended the weighted average debt expiry from 2.6 years to 4.3 years, with no debt expiries until FY29. The refinancing maintains COF's existing covenants and a diverse pool of five lenders. COF's all-in cost of debt remains in line with its FY26 earnings guidance. Belinda Cheung, COF Fund Manager, stated that this transaction highlights lenders' confidence in Australian office real estate and Centuria's management, demonstrating their support through competitive margins similar to other property sectors. This has mitigated any near-term refinancing risk in a robust credit market, delivering a strong outcome for COF unitholders as the REIT benefits from lower margins amid increased volatility in the interest rate market.