COF FY26 Results Announcement
Key points
- $66.9m FFO, 11.2 cents per unit
- 10.1 cents distribution per unit
- $1bn debt refinanced, 43.7% gearing
Full summary
Centuria Office REIT (COF), Australia's largest listed pure-play office REIT, announced its Full Year financial results for the period ended 30 June 2026. The company reported Funds From Operations (FFO) of $66.9m, 11.2 cents per unit (cpu), and a distribution of 10.1 cents per unit (dpu), both in line with FY26 guidance. Net Tangible Assets (NTA) were $1.66 per unit, and the company refinanced $1bn of debt, extending the weighted average debt expiry to 4.3 years. COF maintained a 43.7% gearing ratio and had $189.3m of cash and undrawn debt, providing ample debt headroom until FY29. The company also provided FY27 guidance with FFO of 11.3cpu and distributions of 9.0cpu, with a distribution yield of 10.1%.
Guidance
FY27 FFO guidance of 11.3cpu, distribution guidance of 9.0cpu
Outlook
COF anticipates continued benefit from stabilising market conditions and expects to maintain high portfolio occupancy and improve WALE by addressing near-to medium-term expiries.
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