Centuria Office REIT (ASX:COF) - Stock Price, News & Analysis

COF Stock Overview

COF is Australia’s largest ASX listed pure play office REIT and is included in the S&P/ASX300 Index.

COF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	1/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 15.7% below our estimate of its fair value

Earnings are forecast to grow 8.77% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 9.43% is not well covered

Large one-off items impacting financial results

Profit margins (21.5%) are lower than last year (76%)

My Notes

New

Notes are coming soon

Centuria Office REIT Competitors

Cromwell Property Group

ASX:CMW

AU$2.0b

Garda Property Group

ASX:GDF

AU$302.8m

Elanor Commercial Property Fund

ASX:ECF

AU$303.9m

Dexus

ASX:DXS

AU$9.2b

Price History & Performance

Summary of all time highs, changes and price drops for Centuria Office REIT
Historical stock prices
Current Share Price	AU$1.76
52 Week High	AU$2.32
52 Week Low	AU$1.40
Beta	1.0
1 Month Change	13.55%
3 Month Change	18.52%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-22.12%

Recent updates

The Independent Non-Executive Chairman of Centuria Property Funds Limited of Centuria Office REIT (ASX:COF), Peter Done, Just Bought 33% More Shares

Feb 13

What Type Of Shareholders Own The Most Number of Centuria Office REIT (ASX:COF) Shares?

Jan 01

Do Its Financials Have Any Role To Play In Driving Centuria Office REIT's (ASX:COF) Stock Up Recently?

Nov 27

Reflecting on Centuria Office REIT's (ASX:COF) Share Price Returns Over The Last Year

Jul 20

Shareholder Returns

	COF	AU REITs	AU Market
7D	10.7%	4.4%	0.8%
1Y	n/a	-6.1%	2.2%

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.

Price Volatility

Is COF's price volatile compared to industry and market?
COF volatility
COF Average Weekly Movement	3.9%
REITs Industry Average Movement	3.4%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	15.5%
10% least volatile stocks in AU Market	3.4%

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: COF's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2014	n/a	Jason Huljich	https://www.centuria.com.au

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

How do Centuria Office REIT's earnings and revenue compare to its market cap?
COF fundamental statistics
Market Cap	AU$1.05b
Earnings (TTM)	AU$34.03m
Revenue (TTM)	AU$158.61m

30.9x

P/E Ratio

6.6x

P/S Ratio

Is COF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
COF income statement (TTM)
Revenue	AU$158.61m
Cost of Revenue	AU$60.88m
Gross Profit	AU$97.73m
Other Expenses	AU$63.71m
Earnings	AU$34.03m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.057
Gross Margin	61.62%
Net Profit Margin	21.45%
Debt/Equity Ratio	59.8%

How did COF perform over the long term?

See historical performance and comparison

Dividends

9.4%

Current Dividend Yield

91%

Payout Ratio

COF Stock Overview

Rewards

Risk Analysis

Centuria Office REIT Competitors

ASX:CMW

AU$2.0b

ASX:GDF

AU$302.8m

ASX:ECF

AU$303.9m

ASX:DXS

AU$9.2b

Price History & Performance

Recent News & Updates

First half 2023 earnings released: AU$0.029 loss per share (vs AU$0.11 profit in 1H 2022)

Centuria Office REIT Provides Distribution Guidance for the Financial Year 2023

Centuria Office REIT to Report First Half, 2023 Results on Feb 02, 2023

Upcoming dividend of AU$0.035 per share

Centuria Office REIT Announces Distribution Declaration for Quarter Ending March 31, 2022, Payable on January 31, 2023

Upcoming dividend of AU$0.035 per share

Recent updates

First half 2023 earnings released: AU$0.029 loss per share (vs AU$0.11 profit in 1H 2022)

Centuria Office REIT Provides Distribution Guidance for the Financial Year 2023

Centuria Office REIT to Report First Half, 2023 Results on Feb 02, 2023

Upcoming dividend of AU$0.035 per share

Centuria Office REIT Announces Distribution Declaration for Quarter Ending March 31, 2022, Payable on January 31, 2023

Upcoming dividend of AU$0.035 per share

Centuria Office REIT Declares Distribution for the Quarter Ending 30 September 2022, Payable on 28 October 2022

Consensus EPS estimates fall by 18%

Independent Non-Executive Director recently bought AU$101k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Centuria Office REIT to Report Fiscal Year 2022 Results on Aug 02, 2022

Upcoming dividend of AU$0.042 per share

Centuria Office REIT Announces Dividend Distribution for the Quarter Ending 30 June 2022, Payable on 5 August 2022

Independent Non-Executive Director recently bought AU$71k worth of stock

An Unknown buyer agreed to acquire 131 Grenfell Street, Adelaide from Centuria Office REIT (ASX:COF) for AUD 21 million.

Upcoming dividend of AU$0.042 per share

First half 2022 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

Upcoming dividend of AU$0.042 per share

Centuria Office REIT has completed a Follow-on Equity Offering in the amount of AUD 200.985473 million.

Board Member recently bought AU$79k worth of stock

Upcoming dividend of AU$0.042 per share

Centuria Office REIT (ASX:COF) entered into a contract to acquire 101 Moray Street, South Melbourne for approximately AUD 210 million.

Independent Non-Executive Director of Centuria Property Funds Limited Nicholas Collishaw has left the company

Consensus forecasts updated

Price target increased to AU$2.48

Full year 2021 earnings released: FFO AU$0.20 per share (vs AU$0.19 in FY 2020)

Price target increased to AU$2.45

Upcoming dividend of AU$0.041 per share

Centuria Office REIT Announces Distribution for the Period Ending March 31, 2021, Payable on April 29, 2021

The Independent Non-Executive Chairman of Centuria Property Funds Limited of Centuria Office REIT (ASX:COF), Peter Done, Just Bought 33% More Shares

Key Executive recently bought AU$100k worth of stock

First half 2021 earnings released: FFO AU$0.13 per share (vs AU$0.088 in 1H 2020)

Centuria Office REIT(ASX:COF) dropped from S&P/ASX Emerging Companies Index

New 90-day low: AU$2.04

Centuria Office REIT to Report First Half, 2021 Results on Feb 04, 2021

What Type Of Shareholders Own The Most Number of Centuria Office REIT (ASX:COF) Shares?

Do Its Financials Have Any Role To Play In Driving Centuria Office REIT's (ASX:COF) Stock Up Recently?

An unknown buyer singed the contract to acquire 25% stake in Office Building at 465 Victoria Avenue, Chatswood, New South Wales, Australia from Centuria Office REIT (ASX:COF) for AUD 44.7 million.

New 90-day high: AU$2.23

New 90-day high: AU$2.13

Upcoming Dividend of AU$0.041 Per Share

Centuria Metropolitan REIT (ASX:CMA) entered into an agreement to acquire 50% stake in Property at 8 Central Avenue, Eveleigh for approximately AUD 190 million.

Centuria Metropolitan REIT (ASX:CMA) completed the acquisition of Office Property located at William Square, Northbridge, Perth, Australia.

Full year earnings released - FFO AU$0.19 per share

Reflecting on Centuria Office REIT's (ASX:COF) Share Price Returns Over The Last Year

Shareholder Returns

Price Volatility

About the Company

Centuria Office REIT Fundamentals Summary

30.9x

6.6x

Earnings & Revenue

Dividends

9.4%

91%