• 5,742sqm of lease terms agreed, +8.6% re-leasing spreads, 90% occupancy, 4.0-year WALE
• Refinanced $1bn debt, c.30bps reduced debt margins, debt expiry extended to 4.3 years
• Revised FY26 FFO guidance to 11.1-11.3cpu and distribution guidance of 10.1cpu

Centuria Office REIT (COF) has provided its Q3 FY26 operating update, highlighting strong leasing performance, successful debt refinancing, and revised financial guidance. During the period, COF agreed 5,742sqm of lease terms, including 2,263sqm of new leases and 3,479sqm of renewals, with the majority of transactions in its Brisbane fringe assets. The REIT achieved over 8.6% re-leasing spreads, driven by strong rent growth from its Fortitude Valley and Hamilton assets. COF recorded a 4.0-year WALE and 90% portfolio occupancy. The REIT has also completed $1 billion of debt refinancing, resulting in a c.30bps debt margin reduction and extension of the weighted average debt expiry from 2.6 years to 4.3 years. COF has no debt expiries until FY29 and has maintained its existing debt covenants. The REIT has revised its FY26 FFO guidance range to 11.1-11.3cpu and reaffirmed its distribution guidance of 10.1cpu.

COF has revised its FY26 FFO guidance range to 11.1-11.3cpu and reaffirmed its distribution guidance of 10.1cpu.

COF maintains an optimistic outlook for the Australia metropolitan office markets across the medium term, with diminishing forecast supply further impacted by rising rates and inflation, amplifying the disconnect between replacement costs and current valuations.