Centuria Office REIT (ASX: COF) has released an investor presentation outlining noteworthy achievements. They successfully refinanced AU$225 million in debt, extending the weighted average debt expiry to 3.2 years and ensuring no debt expiry until FY26. Non-core asset sales of AU$63 million have concluded, with settlements set for FY24. These actions contribute to a robust 6.00% WACR and an impressive FY23 Net Tangible Assets (NTA) of AU$2.20 per unit.
Enhanced occupancy and liquidity are evident with 42,686 sqm of leasing (14.1% portfolio NLA), including 31,500+ sqm for previously vacant space. Wyatt Street's pre-commitment has surged to around 84% NLA. FY24 guidance includes 13.8 cents per unit FFO and a 12.0 cents per unit distribution, with a projected 8.4% distribution yield, while considering higher debt, asset sales, and upcoming expiries. FY23 showcased a 14.1 cents Distribution Per Unit (DPU) and AU$2.20 NTA per unit, underscoring the portfolio's quality and diversification.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
