COF Stock Overview
COF is Australia’s largest ASX listed pure play office REIT and is included in the S&P/ASX300 Index.
Centuria Office REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.84|
|52 Week High||AU$2.32|
|52 Week Low||AU$1.69|
|1 Month Change||-9.61%|
|3 Month Change||-16.59%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-18.81%|
Recent News & Updates
|COF||AU REITs||AU Market|
Return vs Industry: Insufficient data to determine how COF performed against the Australian REITs industry.
Return vs Market: Insufficient data to determine how COF performed against the Australian Market.
|COF Average Weekly Movement||4.4%|
|REITs Industry Average Movement||4.0%|
|Market Average Movement||9.8%|
|10% most volatile stocks in AU Market||16.6%|
|10% least volatile stocks in AU Market||4.3%|
Stable Share Price: COF is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: Insufficient data to determine COF's volatility change over the past year.
About the Company
COF is Australia’s largest ASX listed pure play office REIT and is included in the S&P/ASX300 Index. COF owns a portfolio of high quality assets situated in core office markets throughout Australia. COF is overseen by a hands-on, active manager and provides investors with income and the opportunity for capital growth from a pure play portfolio of high-quality Australian office assets.
Centuria Office REIT Fundamentals Summary
|COF fundamental statistics|
Is COF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|COF income statement (TTM)|
|Cost of Revenue||AU$54.59m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.20|
|Net Profit Margin||75.99%|
How did COF perform over the long term?See historical performance and comparison
9.0%Current Dividend Yield
Does COF pay a reliable dividends?See COF dividend history and benchmarks
|Centuria Office REIT dividend dates|
|Ex Dividend Date||Jun 29 2022|
|Dividend Pay Date||Aug 05 2022|
|Days until Ex dividend||0 days|
|Days until Dividend pay date||37 days|
Does COF pay a reliable dividends?See COF dividend history and benchmarks
Is COF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for COF?
Other financial metrics that can be useful for relative valuation.
|What is COF's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does COF's PE Ratio compare to its peers?
|COF PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CMW Cromwell Property Group
GDF Garda Property Group
AOF Australian Unity Office Fund
ECF Elanor Commercial Property Fund
COF Centuria Office REIT
Price-To-Earnings vs Peers: COF is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (14.5x).
Price to Earnings Ratio vs Industry
How does COF's PE Ratio compare vs other companies in the AU REITs Industry?
Price-To-Earnings vs Industry: COF is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the Australian REITs industry average (6.6x)
Price to Earnings Ratio vs Fair Ratio
What is COF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate COF's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of COF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: COF (A$1.84) is trading below our estimate of fair value (A$4.29)
Significantly Below Fair Value: COF is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: COF is poor value based on its PEG Ratio (7.7x)
Discover undervalued companies
How is Centuria Office REIT forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COF's forecast earnings growth (1.2% per year) is below the savings rate (1.8%).
Earnings vs Market: COF's earnings (1.2% per year) are forecast to grow slower than the Australian market (6% per year).
High Growth Earnings: COF's earnings are forecast to grow, but not significantly.
Revenue vs Market: COF's revenue (3.8% per year) is forecast to grow slower than the Australian market (5.2% per year).
High Growth Revenue: COF's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COF's Return on Equity is forecast to be low in 3 years time (7.5%).
Discover growth companies
How has Centuria Office REIT performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COF has a large one-off gain of A$26.0M impacting its December 31 2021 financial results.
Growing Profit Margin: COF's current net profit margins (76%) are higher than last year (11.6%).
Past Earnings Growth Analysis
Earnings Trend: COF's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: COF's earnings growth over the past year (498.2%) exceeds its 5-year average (8.6% per year).
Earnings vs Industry: COF earnings growth over the past year (498.2%) exceeded the REITs industry 215.6%.
Return on Equity
High ROE: COF's Return on Equity (8%) is considered low.
Discover strong past performing companies
How is Centuria Office REIT's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: COF's short term assets (A$109.3M) exceed its short term liabilities (A$68.8M).
Long Term Liabilities: COF's short term assets (A$109.3M) do not cover its long term liabilities (A$842.8M).
Debt to Equity History and Analysis
Debt Level: COF's net debt to equity ratio (48%) is considered high.
Reducing Debt: COF's debt to equity ratio has increased from 50.5% to 54.5% over the past 5 years.
Debt Coverage: COF's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: COF's interest payments on its debt are well covered by EBIT (12.2x coverage).
Discover healthy companies
What is Centuria Office REIT current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COF's dividend (8.99%) is higher than the bottom 25% of dividend payers in the Australian market (2.73%).
High Dividend: COF's dividend (8.99%) is in the top 25% of dividend payers in the Australian market (6.67%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether COF's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if COF's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (89.1%), COF's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (99.5%), COF's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jason C. Huljich, B.Comm, Commercial Law, serves as Director of Augusta Capital Ltd. since January 2021. He has been Joint CEO at Centuria Capital Group since June 21, 2019 and served as its Head of Re...
Experienced Management: COF's management team is considered experienced (3 years average tenure).
Experienced Board: COF's board of directors are considered experienced (8.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: COF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.
Centuria Office REIT's employee growth, exchange listings and data sources
- Name: Centuria Office REIT
- Ticker: COF
- Exchange: ASX
- Founded: 2014
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: AU$1.096b
- Shares outstanding: 597.34m
- Website: https://www.centuria.com.au
- Centuria Office REIT
- Chifley Tower
- Level 41
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.