Centuria Office REIT (CHIA: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	6/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 34.4% below our estimate of its fair value

Earnings are forecast to grow 60.66% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 27.3%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 10.34% is not well covered by cash flows

Centuria Office REIT Competitors

Cromwell Property Group

ASX:CMW

AU$1.0b

GDI Property Group

ASX:GDI

AU$321.8m

Garda Property Group

ASX:GDF

AU$241.9m

Abacus Group

ASX:ABG

AU$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Centuria Office REIT
Historical stock prices
Current Share Price	AU$1.18
52 Week High	AU$1.49
52 Week Low	AU$1.05
Beta	1.1
1 Month Change	-9.79%
3 Month Change	-7.84%
1 Year Change	-17.54%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-48.01%

Recent updates

Shareholder Returns

	COF	AU Office REITs	AU Market
7D	-2.9%	-2.3%	-1.5%
1Y	-17.5%	-18.8%	5.7%

Return vs Industry: COF exceeded the Australian Office REITs industry which returned -18.8% over the past year.

Return vs Market: COF underperformed the Australian Market which returned 5.7% over the past year.

Price Volatility

Is COF's price volatile compared to industry and market?
COF volatility
COF Average Weekly Movement	3.3%
Office REITs Industry Average Movement	3.6%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: COF has not had significant price volatility in the past 3 months.

Volatility Over Time: COF's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Jason Huljich	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 office assets situated in core submarkets 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$698.88m
Earnings (TTM)	-AU$173.96m
Revenue (TTM)	AU$168.37m

4.1x

P/S Ratio

-4.0x

P/E Ratio

Is COF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
COF income statement (TTM)
Revenue	AU$168.37m
Cost of Revenue	AU$62.28m
Gross Profit	AU$106.09m
Other Expenses	AU$280.05m
Earnings	-AU$173.96m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.29
Gross Margin	63.01%
Net Profit Margin	-103.32%
Debt/Equity Ratio	75.6%

How did COF perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

94%

Payout Ratio

COF Stock Overview

Rewards

Risk Analysis

Centuria Office REIT Competitors

ASX:CMW

AU$1.0b

ASX:GDI

AU$321.8m

ASX:GDF

AU$241.9m

ASX:ABG

AU$1.0b

Price History & Performance

Recent News & Updates

Upcoming dividend of AU$0.03 per share

Dividend of AU$0.03 announced

Centuria Office REIT Declares Distribution for the Quarter Ending 31 March 2024, Payable on 30 April 2024

First half 2024 earnings released: FFO per share: AU$0.07 (vs AU$0.084 in 1H 2023)

Centuria Office REIT to Report First Half, 2024 Results on Feb 16, 2024

Upcoming dividend of AU$0.03 per share at 8.9% yield

Recent updates

Upcoming dividend of AU$0.03 per share

Dividend of AU$0.03 announced

Centuria Office REIT Declares Distribution for the Quarter Ending 31 March 2024, Payable on 30 April 2024

First half 2024 earnings released: FFO per share: AU$0.07 (vs AU$0.084 in 1H 2023)

Centuria Office REIT to Report First Half, 2024 Results on Feb 16, 2024

Upcoming dividend of AU$0.03 per share at 8.9% yield

Centuria Office REIT Declares Distribution for the Quarter Ending 31 December 2023, Payable on 31 January 2024

Upcoming dividend of AU$0.03 per share at 9.8% yield

Centuria Office REIT Declares Distribution for the Quarter Ending 30 September 2023, Payable on 27 October 2023

New major risk - Dividend sustainability

Full year 2023 earnings released: AU$0.15 loss per share (vs AU$0.20 profit in FY 2022)

Centuria Office REIT to Report Fiscal Year 2023 Results on Aug 17, 2023

Upcoming dividend of AU$0.035 per share at 12% yield

Centuria Office REIT Announces Distribution for the Quarter Ending June 30, 2023, Payable on August 18, 2023

Now 20% undervalued

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

Now 21% undervalued

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

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

Full year 2022 earnings released: FFO: AU$167.0m per share (vs AU$0.20 in FY 2021)

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 in line with expectations, revenues disappoint

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

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

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

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$2.03

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

Upcoming Dividend of AU$0.041 Per Share

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$2.26

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

Shareholder Returns

Price Volatility

About the Company

Centuria Office REIT Fundamentals Summary

4.1x