Centuria Office up as Morningstar keeps fair value unchanged after in-line FY26 result
BUZZ-Centuria Office up as Morningstar keeps fair value unchanged after in-line FY26 result Updates
** Shares of Australia's Centuria Office REIT COF.AX rise as much as 0.6% to A$0.890
** Morningstar says FY26 results for COF were in line with expectations
** Investment research firm notes management guided FY27 funds from operations (FFO) at about 11.3 Australian cents per unit, implying broadly stable earnings despite the impact of an asset sale
** Adds that FFO forecast is stronger than its previous expectation for a further earnings decline, which had assumed additional asset disposals to reduce debt
** Morningstar says higher occupancy could support property values and improve pricing for future asset sales; still expects further divestment over the medium term
** Raises FY27 earnings expectations in line with company guidance while largely keeping longer-term forecasts unchanged
** Morningstar maintains fair value estimate of A$1.10 per unit
** YTD, COF shares down nearly 23%
(Reporting by Rajasik Mukherjee in Bengaluru)
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Centuria Office up as Morningstar keeps fair value unchanged after in-line FY26 result
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