CENTURIA OFFICE REIT (COF)
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COF - CENTURIA OFFICE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.15
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

$1.44

26 May
2023

0.005

OPEN

$1.45

0.35%

HIGH

$1.45

511,187

LOW

$1.43

TARGET
$1.88 30.6% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
COF: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 19.9 16.0 xxx
DPS (cps) xxx 16.6 14.1 xxx
EPS Growth xxx 33.8% - 19.8% xxx
DPS Growth xxx - 19.1% - 15.4% xxx
PE Ratio xxx N/A 9.0 xxx
Dividend Yield xxx N/A 9.8% xxx
Div Pay Ratio(%) xxx 83.4% 88.0% xxx

Dividend yield today if purchased 3 years ago: 8.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 11.53

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: 30/03 - ex-div 3.525c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx19.9
DPS All xxxxxxxxxxxxxxx16.6
Sales/Revenue xxxxxxxxxxxxxxx167.0 M
Book Value Per Share xxxxxxxxxxxxxxx249.9
Net Operating Cash Flow xxxxxxxxxxxxxxx95.3 M
Net Profit Margin xxxxxxxxxxxxxxx68.87 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx8.31 %
Return on Invested Capital xxxxxxxxxxxxxxx5.27 %
Return on Assets xxxxxxxxxxxxxxx5.14 %
Return on Equity xxxxxxxxxxxxxxx8.31 %
Return on Total Capital xxxxxxxxxxxxxxx5.52 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-0.1 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx861 M
Total Debt xxxxxxxxxxxxxxx861 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx27 M
Price To Book Value xxxxxxxxxxxxxxx0.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx58 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-11 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,374 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%

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UBS

03/02/2023

3

Neutral

$1.75

21.53%

Better than anticipated rental income assisted in a 1H23 earnings beat for Centuria Office REIT, according to UBS.

Management retained earnings guidance for FY23 of 15.8c, due to the potential deferral of some 5% of the portfolio under heads of agreement, notes the analyst.

Centuria Office REIT generated a better result from leasing, with the group portfolio reflecting an occupancy rate of 96.4%. up from 94.7%, 

Adjusting for a change in the cap rate, the NAV generated price target is raised to $1.75 from $1.70.

With potential macro headwinds from more subdued leasing demand and increased supply, UBS remains cautious on the office sector and retains a Neutral rating.

FORECAST
UBS forecasts a full year FY23 dividend of 14.00 cents and EPS of 16.00 cents.
UBS forecasts a full year FY24 dividend of 14.00 cents and EPS of 16.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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COF STOCK CHART

FNArena News on COF

1
Australian Broker Call *Extra* Edition – May 08, 2023

May 08 2023 - Daily Market Reports
2
Rudi’s Comprehensive February 2023 Review

Mar 23 2023 - Feature Stories
3
Australian Broker Call *Extra* Edition – Mar 15, 2023

Mar 15 2023 - Daily Market Reports
4
Rudi’s View: Fear & Greed (Rinse & Repeat)

Mar 15 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Feb 10, 2023

Feb 10 2023 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 22-05-2023

May 22 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 15-05-2023

May 15 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 08-05-2023

May 08 2023 - Weekly Reports
4
Australian Listed Real Estate Tables – 01-05-2023

May 01 2023 - Weekly Reports
5
Australian Listed Real Estate Tables – 17-04-2023

Apr 17 2023 - Weekly Reports
6
Australian Listed Real Estate Tables – 03-04-2023

Apr 03 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 27-03-2023

Mar 27 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 20-03-2023

Mar 20 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 13-03-2023

Mar 14 2023 - Weekly Reports
10
Australian Listed Real Estate Tables – 06-03-2023

Mar 06 2023 - Weekly Reports