Centuria Office REIT
COF.AX
Australian Securities Exchange0.88
AUD
-0.01
- -
ISIN
AU0000077893
CUSIP
Q2227Z107
Return %
Stock
S&P500
1Y
-29.03
26.53
3Y
-38.89
76.60
5Y
-62.07
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tim Mitchell
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- Chifley Tower Sydney NSW Australia 2000
- IPO Date
- Dec 9, 2014
- Website
- centuria.com.au
- Similar Companies
- Business
- Centuria Office REIT is an Australia-based pure-play office real estate investment trust primarily engaged in owning and managing a diversified portfolio of high-quality office assets across metropolitan and near-city office markets in Australia. The trust’s portfolio comprises 19 prime office properties valued at approximately A$1.9 billion, predominantly consisting of A-grade assets with a median building age of 18 years. Its core business is to generate sustainable and quality income streams through active asset management, maintaining high occupancy rates, and extending weighted average lease expiry (WALE), with properties well connected to transport hubs and offering affordable rents. The portfolio focuses on key Australian office markets including Sydney, Melbourne, Brisbane, and other major cities, targeting institutional and professional tenants in sectors such as corporate, government, and professional services. In recent developments, Centuria Office REIT has strengthened its position through significant portfolio enhancements and strategic acquisitions. Notably, Centuria Capital Group, the parent company, has expanded its agricultural real estate vertical by acquiring Australia’s largest hydroponic glasshouse facility in Two Wells, South Australia, for A$168 million, boosting its agriculture portfolio to A$1.3 billion. This marks a deliberate strategy by Centuria to diversify into alternative real estate asset classes beyond office properties, aiming to deliver long-term growth and sustainable returns for investors. The company also completed the acquisition of a portfolio of agriculture and horticulture assets valued at A$444 million through the takeover of Arrow Funds Management. These transactions reflect Centuria's active capital deployment and expansion into sustainable farming infrastructure alongside its core office property investment. Centuria Office REIT is listed on the Australian Securities Exchange (ASX: COF) and is included in the S&P/ASX 300 Index. Founded in 2015 and headquartered in Sydney, Australia, the REIT operates under the management of Centuria Capital Group. It benefits from a hands-on active management style focused on portfolio quality enhancement, connectivity to transport, and tenant demand sustainability. The trust’s recent strategic initiatives include raising capital for growth, optimizing its portfolio with affordable rents relative to Sydney CBD, increasing tenant retention, and upgrading asset quality to maintain its position as Australia’s largest pure-play office REIT. The company primarily serves investors seeking exposure to quality Australian office real estate with income-generating potential and capital growth prospects. Its focus on metropolitan and near-city office markets, complemented by its growing alternative real estate assets in agriculture, allows it to cater to diversified investor interests across real estate sectors. The portfolio's geographic diversification and mix of lease structures underpin its resilience and income stability in the office property segment. Centuria Office REIT continues to pursue sustainable income and value-creation initiatives through strategic acquisitions, asset management, and capital market operations.