Centuria Office REIT announced its 1HFY23 results

Centuria Office REIT (ASX: COF) announced its Half Year financial results for the period ended 31 December 2022:

• Following guidance, the company achieved funds from operations of AU$48.6 million or 8.1cents per unit (cpu) during 1HFY23.
• Distributions of 7.05cpu were made to unitholders in equal quarterly instalments in accordance with the guidance for FY23.
• The company recorded a robust average rent collection rate of 97% for the time period.
• It maintains substantial amount of undrawn debt of AU$101.5 million, and about c.AU$19.4 million in cash on hand, in addition to a 3.4-year weighted average debt expiry with no debt expiry until FY25.
• COF repeats FY23 FFO guidance of 15.8cpu and distribution guidance of 14.1cpu, which are anticipated to be paid in equal quarterly instalments.

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