CENTURIA OFFICE REIT (COF)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

COF - CENTURIA OFFICE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.64
Index: ASX300 | ALL-ORDS

Centuria Office is a real estate investment trust with assets consisting solely of commercial office properties. It has been listed since 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.215

22 Sep
2023

-0.010

OPEN

$1.21

-0.82%

HIGH

$1.23

1,020,555

LOW

$1.21

TARGET
$1.64 35.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
COF: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 15.4 14.5 xxx
DPS (cps) xxx 14.1 12.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 15.1% - 10.2% xxx
PE Ratio xxx N/A 8.4 xxx
Dividend Yield xxx N/A 10.4% xxx
Div Pay Ratio(%) xxx N/A 87.4% xxx

Dividend yield today if purchased 3 years ago: 6.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 11.60

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - ex-div 3.53c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-15.4
DPS All xxxxxxxxxxxxxxx14.1
Sales/Revenue xxxxxxxxxxxxxxx167.3 M
Book Value Per Share xxxxxxxxxxxxxxx220.4
Net Operating Cash Flow xxxxxxxxxxxxxxx71.7 M
Net Profit Margin xxxxxxxxxxxxxxx-54.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-6.55 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.00 %
Return on Assets xxxxxxxxxxxxxxx-3.89 %
Return on Equity xxxxxxxxxxxxxxx-6.55 %
Return on Total Capital xxxxxxxxxxxxxxx4.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-16.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx926 M
Total Debt xxxxxxxxxxxxxxx926 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx17 M
Price To Book Value xxxxxxxxxxxxxxx0.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx61 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-1 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,219 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

18/08/2023

5

Underweight

$1.60

31.69%

Centuria Office REIT posted a FY23 FFO of 15.6c per security, lower than prior guidance and Morgan Stanley's estimates. The miss stemmed from the cost of debt which came in higher anticipated.

FY24 guidance of FFO of 13.8c and distribution of 12.0c imply a -13% contraction compared with FY23.

Morgan Stanley observes the impact stems from two major vacancies, and it appears the company does not assume any lease up in these assets over the coming year.

Management has signalled that leasing conditions in both Sydney and Docklands will remain challenged for the foreseeable future.

Morgan Stanley is cautious, given the leasing difficulties, retaining an Underweight rating and $1.60 target. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 13.00 cents and EPS of 14.90 cents.

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

COF STOCK CHART

FNArena News on COF

1
Australian Broker Call *Extra* Edition – Aug 22, 2023

Aug 22 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 18-08-2023

Aug 18 2023 - Australia
3
Rudi’s View: ARB, Corporate Travel, Goodman Group, NextDC, Orora, Worley & Xero

Jul 26 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Jul 25, 2023

Jul 25 2023 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jul 06, 2023

Jul 06 2023 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 18-09-2023

Sep 18 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 11-09-2023

Sep 11 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 04-09-2023

Sep 04 2023 - Weekly Reports
4
Australian Listed Real Estate Tables – 28-08-2023

Aug 28 2023 - Weekly Reports
5
Australian Listed Real Estate Tables – 22-08-2023

Aug 22 2023 - Weekly Reports
6
Australian Listed Real Estate Tables – 14-08-2023

Aug 14 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 07-08-2023

Aug 07 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 31-07-2023

Jul 31 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 24-07-2023

Jul 24 2023 - Weekly Reports
10
Australian Listed Real Estate Tables – 17-07-2023

Jul 17 2023 - Weekly Reports