Centuria Office REIT (ASX: COF)

1H24 Results: Leasing success, more to do

Centuria Office REIT (ASX: COF): 1H24 Results - Leasing success, more to do
  • Core Property has updated our forecasts following 1H24 results and recent announcements.
  • COF represents a portfolio of quality and valued added properties in suburban and metropolitan office markets. Eastern seaboard focus with strategic exposure to Perth office (12%).
  • Attractive yield of 8.6% in FY24, trading at 40.4% discount to NTA.
  • We consider COF to be oversold over concerns for office markets and maintain a BUY recommendation.

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