Centuria Office REIT: Robust HY24 Financial Performance

Centuria Office REIT (ASX: COF) unveils its HY24 financial results, showcasing resilience despite market challenges. Highlights include $41.8m in Funds From Operations (FFO) and a distribution of 6.0 cents per unit (cpu), in line with guidance. The portfolio boasts a 96.2% occupancy rate and significant leasing activity, addressing FY25 expiries.

Strategic divestments improve portfolio quality, with notable transactions in Robina and Canberra. COF reaffirms its commitment to sustainability, aligning with Centuria's framework and setting ambitious targets for emissions reduction and solar energy adoption. Despite a decline in portfolio valuations, COF maintains a strong balance sheet with ample liquidity an

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