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Centuria Office REIT FY26 results 4 AUGUST 2026 | ASX:COF 100 BROOKES STREET, FORTITUDE VALLEY QLD
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2Centuria ASX:COF Speakers Belinda Cheung Fund Manager Centuria Office REIT Cameron Mullen Deputy Fund Manager Centuria Office REIT Grant Nichols Head of Listed Funds Centuria Capital Group
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Agenda • Overview • Financial results • Operational performance • Market outlook and guidance • Appendices 825 ANN STREET, FORTITUDE VALLEY QLD Acknowledgement of Country Our Group manages property throughout Australia and New Zealand. Accordingly, Centuria pays its respects to the traditional owners of the land in each country.
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4Centuria ASX:COF Centuria Capital Group: A leading Australasian ASX 200 funds manager Note: Assets under management (AUM) as at 30 June 2026. All figures above are in Australian dollars (currency exchange ratio of AU$1.000:NZ$1.2166 as at 30 June 2026). Numbers presented may not add up precisely to the totals provided due to rounding. 1. CPFL is a wholly owned subsidiary of CNI and the responsible entity for COF. 2. AUM includes assets exchanged to be settled, cash and other assets and the impact of revaluations during the period. Centuria Capital Group (ASX:CNI) $22bn+ GROUP AUM2 Centuria is highly aligned with COF as its external manager 1 and largest unitholder Centuria Office REIT (ASX:COF) $1.9bn AUM Index inclusions: • FTSE EPRA Nareit Global Developed Index. COF is Australia’s largest ASX listed pure-play office REIT. Centuria is one of Australasia’s largest office fund managers. 25+ year history servicing a deep network of retail, wholesale and institutional investors. Proven manager of high conviction traditional and alternative investments with dedicated in-house expertise. A diversified platform by asset class, geography, fund type and capital source. 4Centuria ASX:COF
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Overview SECTION ONE 101 MORAY STREET, SOUTH MELBOURNE VIC
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6Centuria ASX:COF COF: Vision, strategy and objectives VISION To be Australia’s leading pure-play office REIT. Australia’s largest ASX -listed pure-play office REIT. Overseen by an active management team with deep real estate expertise. Strongly supported by Centuria Capital Group. Centuria Office REIT (COF) Portfolio construction A portfolio of Australian office assets diversified by geography, tenants and lease expiry. Active management Primarily focused on maintaining occupancy and extending portfolio WALE. Capital management A robust and diversified capital structure, with appropriate gearing. Unlock opportunities to create further value Continue to enhance the portfolio and upgrade asset quality. Key objectives A clear and simple strategy Focused on generating sustainable and quality income streams and executing initiatives to create value across a portfolio of quality Australian office assets.
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7Centuria ASX:COF 11.2cpu FFO delivered in line with FY26 guidance 10.1cpu distribution delivered in line with FY26 guidance $1.66 net tangible assets per unit 43.7% gearing 91% occupancy 4.0 year WALE 7.04% weighted average cap rate 5% re-leasing spreads over FY26 c.40,000sqm leasing terms agreed (47 deals) $1bn refinance debt expiry extended to 4.3 years c.30bps reduced debt margins 12.5% premium to book value achieved on sale of 9 Help Street (5.5% passing yield) Strategy execution Portfolio Financial FY26 highlights 7Centuria ASX:COF
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8Centuria ASX:COF Improving market conditions supports FY27 FFO stabilisation FY27 guidance1 1. Guidance remains subject to unforeseen circumstances and material changes in operating conditions. 2. Yield based on guidance and COF closing price of $0.89 on 30 June 2026 FY27 FFO guidance 11.3 cpu FY27 distribution guidance 9.0 cpu FY27 distribution yield 2 10.1% NOI growth Forecast LFL NOI growth of c.3% over FY27 Earnings stabilising Driven by positive re-leasing spreads Capital Management Disciplined disposal strategy aligned to earnings, balance sheet and portfolio optimisation. 11.2 (0.7) 0.5 0.3 11.3 FY26 FY26 Disposals LFL property FFO Debt costs FY27
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9Centuria ASX:COF 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Completed Under Construction Long Term Avg 1. JLL REDS, Construction Projects 2026. 2. CBRE Research, Economic Rents 2025. Australian metro office markets High replacement costs expected to constrain future supply and push rental growth Metro office supply pipeline1 (sqm) • Metro office market’s projected completions in the next 5 years are 4 times lower than past supply • Unfeasible future office supply will significantly contribute to the natural recovery of market occupancy Comparison of market vs economic rents ($/sqm)2 • Significant spreads between economic and markets persist in metro office • Forecast economic rents indicate the gap will continue to widen • Widening disconnect will be a major catalyst for future rent growth $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2020 2025 2030 2020 2025 2030 2020 2025 2030 Sydney Fringe Brisbane Fringe Melbourne Fringe Economic rent Market rent +64% +39% +50% Only 13% of projects under construction in COF exposed markets
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Financial results SECTION TWO 8 CENTRAL AVENUE, EVELEIGH NSW
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11Centuria ASX:COF 11Centuria ASX:COF Funds From Operations (FFO) Note: Numbers provided may not add up precisely to the totals provided due to rounding. 1. Annualised yield based on COF unit closing price of $0.89 on 30 June 2026 and $1.13 on 30 June 2025. 57 WYATT STREET, ADELAIDE SA Revenue FY26 FY25 Variance Net property income $m 128.1 128.6 (0.5) Interest income $m 0.6 0.8 (0.2) Total revenue $m 128.7 129.4 (0.7) Expenses Responsible entity fees $m (10.9) (10.8) (0.1) Finance costs $m (48.7) (46.2) (2.5) Management and other administrative expenses $m (2.1) (2.0) (0.1) Total expenses $m (61.7) (59.0) (2.7) Funds From Operations (FFO) $m 66.9 70.4 (3.5) Weighted average units on issue m 597.3 597.3 - Funds From Operations per unit cpu 11.2 11.8 (0.6) Distribution $m 60.3 60.3 - Distribution per unit cpu 10.1 10.1 - Distribution yield1 % 11.3 8.9 2.4 Payout ratio (% of FFO) % 90.1 85.7 4.3 Centuria ASX:COF 11
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12Centuria ASX:COF 79% 69% 62% 3.7% 3.7% 3.7% FY26 FY27 FY28 Avg. Hedging (%) Avg. Hedge rate Capital management Key debt metrics FY26 FY25 Facility limit $m 1,012.5 1,012.5 Drawn amount $m 832.5 871.0 Headroom $m 180.0 141.5 Weighted average debt expiry years 4.3 3.1 Proportion hedged % 75.7 81.5 Weighted average hedge maturity1 years 1.7 2.5 All in cost of debt % 5.2 5.4 Interest cover ratio (ICR) times 2.0 2.4 Gearing % 43.7 44.4 Loan to value ratio (LVR) % 44.8 45.8 Refinancing extends debt duration profile ($m) Strong hedging position maintained 295 283 385 50 310 243 460 FY27 FY28 FY29 FY30 FY31 31-Dec-25 30-Jun-26 $1bn of debt refinanced in FY26, reducing debt margins by c.30bps WADE extended to 4.3 years with no debt expiring until FY29 76% of drawn debt hedged as at 30 June 2026 Debt covenants LVR 60%, ICR 1.75x 1. Assumes all swaptions are not exercised. Weighted average hedge maturity increases to 1.8 years if these options are exercised.
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Operational performance SECTION THREE NISHI, 2 PHILLIP LAW STREET, CANBERRA ACT
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14Centuria ASX:COF Portfolio overview 1. Investment properties of $1.8bn excludes a $32.3m leasehold asset under AASB 16. 2. Management interpretation of PCA guidelines. 65% of tenants >2,000 sqm, indicating the COF portfolio is occupied by corporate and government tenants 97% COF’s portfolio comprises A-grade assets2 74% of income derived from government, multinational corporations and listed entities Tenant mix (income) Tenant profile by size (area) PCA grade (value) 5.1 stars NABERS SPI energy rating 19 years Average building age (by value) Portfolio snapshot FY26 Number of assets # 18 Book value1 $m 1,842.0 WACR % 7.04 NLA sqm 265,326 Occupancy % 91 WALE yrs 4.0 NABERS SPI Energy rating Stars 5.1 NABERS SPI Water rating Stars 4.2 GRESB Stars 4.0 Buildings generating solar power no. 11 Average building age (by value) yrs 19 Buildings electrified (by value) % 51 10% 10% 15% 65% <500sqm 500 - 1,000sqm 1,000 - 2,000sqm >2,000sqm 21% 25% 16% 12% 17% 9% ASX Listed Government Listed Multinational Multinational National Other 97% 3% A-Grade B-Grade
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15Centuria ASX:COF 8 Central Avenue, Eveleigh NSW • Government tenant renewed for 5yrs over 7,710sqm • New 2,350sqm 7- year deal to Apparent Communications with minimal downtime • Occupancy increased to 100% 101 Moray Street, South Melbourne Vic • Four renewals and one new deal agreed over 5,096sqm including major tenants Central House and TMX. • Average re-leasing spread of 2% achieved 203 Pacific Highway, St Leonards NSW • Two full floor deals agreed over 2,425sqm to Drive.com.au and NextDC • 100% occupancy achieved in market with vacancy of 34%1 825 Ann Street, Fortitude Valley Qld • Five new deals and one renewal agreed over 6,148sqm. • Two full floor deals agreed • Average re-leasing spread of 18% achieved Strong leasing outcomes achieved across COF portfolio Leasing success achieved: • 39,821sqm leased across 47 deals (14.5% of portfolio) • Terms agreed for 17,026sqm of new leases and 22,795sqm of renewals • 5% FY26 re-leasing spreads portfolio-wide, 14% in QLD • 100% occupancy across WA and SA assets 1. JLL National Office Summary Q2 2026.
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16Centuria ASX:COF Lease expiry profile by % income Only 4.7% of leases expire in FY27 FY27 expiries (>1,200 sqm) Income (%) NLA (sqm) 154 Melbourne Street, South Brisbane 1.1% 2,588 100 Brookes Street, Fortitude Valley 0.8% 1,729 60 Marcus Clarke Street, Canberra 0.5% 1,498 2 Phillip Law Street, Canberra 0.6% 1,394 Others 1.7% 2,735 Total 4.7% 9,943 Current vacancy (>1,200 sqm) Income (%) NLA (sqm) 818 Bourke Street, Docklands 4.5% 10,894 201 Pacific Highway, St Leonards (50%) 1.3% 4,829 584 Swan Street, Richmond 1.1% 2,780 825 Ann Street, Fortitude Valley 0.7% 1,601 2 Kendall Street, Williams Landing 0.4% 1,504 Others 1.0% 2,004 Total 9.0% 21,198 FY27 expiries are 6% under-rented, supporting near-term rental upside 9.0% 4.7% 16.9% 12.4% 17.7% 12.9% 26.4% Vacant FY27 FY28 FY29 FY30 FY31 FY32+
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17Centuria ASX:COF Valuation summary $2,018m $1,992m $1,829m $1,824m $1,842m5.52% 5.94% 6.58% 6.88% 7.04% Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 Portfolio valuations continued to stabilise throughout FY262,3 Portfolio Value ($m) Portfolio WACR (%) 4.1% (3.1%) 1.0% Rental growth & other Cap rate movement Total Underlying rental growth continues to support valuations despite cap rate expansion2,3 1.Investment properties of $1.8bn excludes a $32.3m leasehold asset under AASB 16. 2.Analysis is on a like-for-like (“LFL”) basis LFL assumes same assets held throughout the period from 30 June 2022 to 30 June 2026 and excludes transacted assets. 3.Reflects gross increase, excludes capital expenditure incurred. 4.Portfolio average valuer assessed market rent growth from June 2025 to June 2026. $6,936/sqm avg. portfolio value $1,842m portfolio value1 +4.4% market rental growth4 7.04% WACR
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18Centuria ASX:COF COF’s trading price is misaligned to market evidence and replacement cost Note: Values presented are dollars per square metre. 1. Replacement costs are derived from a hypothetical A-grade office development feasibility, applying land values, rents, incentives and cap-rate assumptions sourced from the most recent external valuations. The methodology incorporates state-specific construction cost benchmarks ($7,000–$8,500/sqm in NSW/VIC/QLD, $6,500/sqm in SA and $7,000/sqm in WA/ACT), together with standard allowances for professional fees, DM fees and contingencies (each at 5%), leasing incentives, downtime and capitalised interest. A development margin of 10% is applied to total development cost to determine the full replacement cost. 2. Based on COF closing unit price of $0.89 on 30 June 2026. 18Centuria ASX:COF -55% -67% Value discount to replacement cost $15,582 $6,936 $5,212 Replacement cost COF Valuation Implied trading value1 2 7.04% Portfolio WACR 9.38% Implied cap rate2
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19Centuria ASX:COF Strategic divestment of 9 Help St1 Prudent divestment improves portfolio construction, mitigates forward expiries and strengthens balance sheet. 12.5% Premium over book value achieved 12.3% IRR reflected throughout COF’s ownership 2.1yr WALE Disposal mitigates near-term leasing risk from short WALE and significant FY27 expiries. NTA Underpinned by direct market transaction 1.9 Help Street, Chatswood NSW settled 15 June 2026. 2.As at 31 December 2025, 9 Help Street Chatswood occupancy was 81.3%. 5.5% Passing yield on sale price2 1 Richmond Road, Keswick APR 2024 35 Robina Town Centre, Robina AUG 2023 JAN 2024 54 Marcus Clarke Street, Canberra JUN 2024 555 Coronation Drive, Toowong 9 Help Street, Chatswood JUN 2026 COF has executed $230m of divestments since FY22
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20Centuria ASX:COF 2026 GRESB4 participation. 2,000+ compliance courses completed by Centuria staff. Centuria released its FY25 Sustainability Report and voluntary Climate-Related Disclosures, with the FY26 versions of these reports targeted for release in Q2 FY27. Tenant engagement: • Delivered c.40 site events & annual tenant survey completed • 235 William Street, Northbridge WA rooftop launch Two Good Co products installed across 14 COF assets and fundraising for Two Good through onsite tenant activations. 92% of employees are proud to work at Centuria. Targeting zero scope 2 emissions by 20281 • NABERS Energy Sustainable Portfolios Index rating 5.1 stars • 1.6 MW solar installed across COF to date2 Targeting the elimination of gas and diesel in operations where practicable by 20353 • 51% of COF portfolio electrified - including 100% of Qld assets. Memberships and affiliations COF ESG highlights 1. COF will account for zero scope 2 GHG emissions by being powered by the equivalent of 100% renewable electricity through a combination of onsite solar and large-scale generation certificate deals which match our consumption. The zero scope 2 target applies to scope 2 emissions for existing assets that fall under the operational control of COF. 2. Total solar capacity installed across assets from COF. This number excludes solar installed by our tenants and divestments in FY26 which had onsite solar. 3. COF will focus on eliminating gas and diesel where practicable, from equipment owned and operated by COF. Gas and diesel equipment owned and operated by our tenants is excluded from COF’s emission reduction target. 4. Global Real Estate Sustainability Benchmark (GRESB). Climate change (Environment) Valued stakeholders (Social) Responsible business practices (Governance)
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Market outlook and guidance 144 STIRLING STREET, PERTH WA SECTION FOUR
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22Centuria ASX:COF Growth drivers remain strong for Australian office Future office supply remains constrained Replacement costs continue to rise, resulting from: • construction cost outpacing CPI • interest rates remaining high Resulting in limited development pipeline ahead Obsolescence-led office withdrawals will further accelerate the downward vacancy trend Continued forecast rent growth for prime assets Demonstrated rent growth has been driven by: • rising economic rents, pushed by escalating construction costs • bifurcation - strong occupier preference for prime grade office Strong leasing conditions in CBD markets are spreading to adjacent markets Resilient economic trajectory relative to global peers Strong migration projections, one of the highest globally White-collar job growth expected, 800k sqm per 1 million population Property markets have largely adjusted to a higher interest rate environment (compared to 2022-23) AI is further driving bifurcation and the demand for quality office AI productivity gains expected to drive economic growth and reshape jobs New AI roles are emerging across governance, compliance and oversight functions where human collaboration and innovation are becoming increasingly valuable AI-related operators have emerged in US office markets as a meaningful source of occupier demand
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23Centuria ASX:COF FY27 strategy and priorities 1 Maintain high occupancy • Continue delivering occupancy above national average. • Improve portfolio WALE. • Capture rental growth in available markets. 2 Sustain high portfolio quality • Assess asset allocation to improve portfolio quality. • Lease to enhance tenant quality. • Improve sustainability performance. • Assess higher and better use opportunities. 3 Proactive capital management • Proactively maintain liquidity and debt covenant headroom. • Preserve diverse lender pool and expiry profile. • Manage interest rate volatility. 23Centuria ASX:COF
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24Centuria ASX:COF 24Centuria ASX:COF FY27 guidance1 485-517 KINGSFORD SMITH DRIVE, HAMILTON QLD 1. Guidance remains subject to unforeseen circumstances and material changes in operating conditions. 2. Yield based on guidance and COF closing price of $0.89 on 30 June 2026 FY27 distribution yield2 10.1% FFO 11.3cpu Distributions expected to be paid in quarterly instalments. Distribution 9.0cpu
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Appendices SECTION FIVE 584 SWAN STREET, RICHMOND VIC Appendix A: Income statement Appendix B: FFO reconciliation Appendix C: Balance sheet Appendix D: Geographic breakdown Appendix E: Like for like portfolio valuation summary Appendix F: Investment property portfolio
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26Centuria ASX:COF Appendix A: Income statement $’000 FY26 FY25 Net property income 128,067 128,622 Interest income 584 768 Total revenue 128,651 129,390 Expenses Responsible entity fees (10,891) (10,842) Finance costs (48,714) (46,193) Management and other administrative expenses (2,101) (2,000) Total expenses (61,706) (59,035) Funds From Operations 66,945 70,355 Gain/(loss) on fair value of investment properties 3,084 (48,430) Gain/(loss) on fair value of derivatives 16,150 (12,915) Straight-lining of rental income and amortisation of leasing commissions and tenant incentives (29,494) (26,381) Adjustments for AASB 16 Leases 69 66 Non-operational refinancing costs1 (1,563) (2,475) Statutory net profit 55,191 (19,780) 1. Write-off of previously capitalised borrowing costs resulting from refinancing undertaken during the period. 235 WILLIAM STREET, NORTHBRIDGE WA
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27Centuria ASX:COF 27Centuria ASX:COF Appendix B: FFO reconciliation $'000 FY26 FY25 Statutory net profit 55,191 (19,780) (Gain)/loss on fair value of investment properties (3,084) 48,430 (Gain)/loss on fair value of derivatives (16,150) 12,915 Straight-lining of rental income and amortisation of leasing commissions and tenant incentives 29,494 26,381 Adjustments for AASB 16 (69) (66) Non-operational refinancing costs1 1,563 2,475 Funds From Operations 66,945 70,355 Distribution 60,332 60,332 FFO per unit (cents) 11.2 11.8 Distribution per unit (cents) 10.1 10.1 Maintenance capex ($m) 7.1 7.1 Capex incentives ($m) 10.5 10.9 485-517 KINGSFORD SMITH DRIVE, HAMILTON QLD Centuria ASX:COF 27 1. Write-off of previously capitalised borrowing costs resulting from refinancing undertaken during the period.
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28Centuria ASX:COF Appendix C: Balance sheet 1. Investment properties of $1.9bn includes a $32.3m leasehold asset under AASB 16. 2. Includes $15.1m distributions payable and lease liability of $32.3m. 818 BOURKE STREET, DOCKLANDS VIC $'000 FY26 FY25 Cash 9,248 8,501 Investment properties1 1,874,349 1,935,918 Trade and other receivables 1,514 2,668 Derivative financial instruments 7,524 - Other assets 2,497 3,774 Total assets 1,895,132 1,950,861 Interest bearing liabilities 830,484 869,104 Trade and other liabilities 26,550 29,823 Derivative financial instruments - 8,626 Other liabilities2 47,432 47,501 Total liabilities 904,466 955,054 Net assets 990,666 995,807 Units on issue (thousands) 597,337 597,337 Net tangible assets per unit ($) 1.66 1.67 Gearing (%) 43.7 44.4
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29Centuria ASX:COF Appendix D: Geographic breakdown 39,821sqm leased in FY261, representing 14.6% of total portfolio NLA 1. Includes heads of agreement and executed leases. 2. By gross income. 3. By value. 4. Weighted average lease expiry (WALE) by gross income. COF’s national portfolio 91% occupancy 4.0yr WALE 274,601sqm Leased since 20201 (103% of NLA) WA 14% total COF portfolio 100% occupancy 5.1-year WALE 865 sqm FY26 leased1 SA 2% total COF portfolio 100% occupancy 3.7-year WALE 65 sqm FY26 leased1 Vic 26% total COF portfolio 73% occupancy 3.4yr WALE 7,811 sqm FY26 leased1 Qld 22% total COF portfolio 97% occupancy 4.3-year WALE 11,944 sqm FY26 leased1 NSW 23% total COF portfolio 95% occupancy 4.5-year WALE 15,785 sqm FY26 leased1 13% total COF portfolio 98% occupancy 2.7-year WALE 3,352 sqm FY26 leased1ACT 1. Includes heads of agreement and executed leases.
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30Centuria ASX:COF 30Centuria ASX:COF Appendix E: Like for like portfolio valuation summary1 FY26 valuation HY26 valuation Valuation movement2 FY26 WACR HY26 WACR Movement WACR State ($M) ($M) ($M) (%) (%) (%) (BPS) NSW 413.8 418.3 (4.6) (1.1) 6.98 6.89 9 Qld 407.5 400.8 6.8 1.7 7.30 7.27 3 Vic 486.5 497.8 (11.3) (2.3) 6.91 6.69 22 ACT 235.3 238.5 (3.3) (1.4) 6.97 6.94 3 WA 263.0 265.5 (2.5) (0.9) 7.13 6.98 15 SA 36.0 35.5 0.5 1.4 6.50 6.50 0 Like-for-like portfolio/weighted average3 1,842.0 1,856.3 (14.3) (0.8) 7.04 6.93 11 Note: Numbers presented may not add up precisely to the totals provided due to rounding. Note: Past performance is not a reliable indicator of future performance. 1. At COF ownership share of joint venture assets. 2. Reflects gross increase, excluding capital expenditure incurred. 3. Excludes a $32.3m leasehold asset under AASB 16. 235 WILLIAM STREET, NORTHBRIDGE WA Centuria ASX:COF 30
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31Centuria ASX:COF Appendix F: Investment property portfolio Weighted average lease expiry (WALE) by gross income Note: Numbers presented may not add up precisely to the totals provided due to rounding. 1. Investment properties of $1.8bn excludes a $32.3m leasehold asset under AASB 16. Property State Ownership (%) Book value ($M) Capitalisation Rate (%) Area (SQM) Area ($/SQM) WALE (years) Occupancy (%) 8 Central Avenue, Eveleigh NSW 50% 191.0 6.50% 36,618 10,432 6.5 99.7% 203 Pacific Highway, St Leonards NSW 100% 107.5 7.38% 11,727 9,167 3.0 99.8% 201 Pacific Highway, St Leonards NSW 50% 80.0 7.25% 16,527 9,681 2.7 71.9% 77 Market Street, Wollongong NSW 100% 35.3 7.75% 6,667 5,287 4.9 99.9% 2 Phillip Law Street, Canberra ACT 100% 178.0 6.64% 27,217 6,540 2.8 99.2% 60 Marcus Clarke Street, Canberra ACT 100% 57.3 8.00% 11,980 4,779 2.5 94.3% 825 Ann Street, Fortitude Valley Qld 100% 156.5 7.25% 19,141 8,176 4.9 91.0% 154 Melbourne Street, South Brisbane Qld 100% 88.3 7.50% 11,219 7,866 2.3 99.8% 100 Brookes Street, Fortitude Valley Qld 100% 86.8 7.13% 9,624 9,014 3.5 98.7% 485-517 Kingsford Smith Drive, Hamilton Qld 100% 76.0 7.38% 9,182 8,277 6.0 99.2% 818 Bourke Street, Docklands Vic 100% 210.0 7.01% 23,034 9,117 3.8 60.9% 101 Moray Street, South Melbourne Vic 100% 163.0 6.50% 15,730 10,362 3.5 93.2% 2 Kendall Street, Williams Landing Vic 100% 57.5 7.50% 12,861 4,471 2.8 89.1% 584 Swan Street, Richmond Vic 100% 56.0 7.13% 8,310 6,739 2.3 68.7% 57 Wyatt Street, Adelaide SA 100% 36.0 6.50% 4,485 8,027 3.7 100.0% 235 William Street, Northbridge WA 100% 152.0 7.00% 21,552 7,053 6.7 99.7% 144 Stirling Street, East Perth WA 100% 68.0 7.50% 11,042 6,158 3.1 99.2% 42-46 Colin Street, West Perth WA 100% 43.0 7.00% 8,412 5,112 3.2 100.0% Total portfolio (June 2026)1 1,842.0 7.04% 265,326 6,942 4.0 91.0%
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32Centuria ASX:COF All in cost of debt Calculated as the average effective interest cost, which includes floating rate, all-in margin (base and line fees) and fixed interest costs under existing swaps, excluding capitalised borrowing costs AUM Assets under management ASX Australian Securities Exchange CAGR Compound annual growth rate CNI CNI, CCG or the Group: Centuria Capital Group comprises of Centuria Capital Limited ABN 22 095 454 336 (the ‘Company’) and its subsidiaries and Centuria Capital Fund ARSN 613 856 358 (‘CCF’) and its subsidiaries. The Responsible Entity of CCF is Centuria Funds Management Limited ACN 607 153 588, a wholly owned subsidiary of the Company CPFL Centuria Property Funds Limited ACN 086 553 639 CPU Cents per unit COF or the Trust Centuria Office REIT DPU Distributions per unit DRP Distribution reinvestment plan ESG Environmental, social and corporate governance FFO Funds From Operations (FFO) is the Trust’s underlying and recurring earnings from its operations. This is calculated as the statutory net profit adjusted for certain non- cash and other items Gearing Gearing is defined as total borrowings less cash divided by total assets less cash Headroom Headroom reflects undrawn debt including bank guarantees held as security HOA Heads of Agreement Interest bearing liabilities Calculated as drawn debt net of borrowing costs NABERS SPI National Australian Built Environment Rating System Sustainable Portfolios Index (NABERS SPI) is an annual report and ranking which evaluates and publicly ranks commercial property portfolios based on their actual environmental performance across energy, water, waste, and indoor environment quality. NTA per unit Net tangible assets (NTA) per unit is calculated as net assets divided by number of units on issue Occupancy Occupancy is the percentage of gross property income currently secured (including HOA’s and executed leases) and is calculated as secured gross rental income divided by the fully leased equivalent gross rental income Payout ratio Distributions per unit divided by FFO per unit for the period REIT Real Estate Investment Trust Re-leasing spreads Re-leasing spreads represent the percentage change between the gross rent achieved on new or renewed leases and the previous passing gross rent for the same tenancy. WACR Weighted Average Capitalisation Rate (WACR) is the average capitalisation rate across a group of properties or the portfolio, weighted by value WADE Weighted Average Debt Expiry (WADE) is calculated based on a notional re- allocation of drawn debt to the latest-expiring debt facilities WALE Weighted Average Lease Expiry (WALE) is the average lease term remaining to expiry across a property, group of properties or the portfolio, weighted by gross income. Includes HOA’s and executed leases. WARR Weighted Average Rent Review (WARR) is the average rent review across a property, group of properties or the portfolio, weighted by gross income Definitions
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33Centuria ASX:COF Disclaimer This presentation has been prepared by Centuria Property Funds Limited (ABN 11 086 553 639, AFSL 231 149) (CPFL) as responsible entity of Centuria Office REIT (ARSN 124 364 718) (‘COF’ or the ‘Trust’). This presentation contains selected in summary information and does not purport to be all-inclusive or to contain all of the information that may be relevant, or which a prospective investor may require in evaluations for a possible investment in COF. It should be read in conjunction with COF’s periodic and continuous disclosure announcements which are available at www.centuria.com.au. The recipient acknowledges that circumstances may change and that this presentation may become outdated as a result. This presentation and the information in it are subject to change without notice and CPFL is not obliged to update this presentation. This presentation is provided for general information purposes only. It is not a product disclosure statement, pathfinder document or any other disclosure document for the purposes of the Corporations Act and has not been, and is not required to be, lodged with the Australian Securities and Investments Commission. It should not be relied upon by the recipient in considering the merits of COF or the acquisition of units in COF. Nothing in this presentation constitutes investment, legal, tax, accounting or other advice and it is not to be relied upon in substitution for the recipient’s own exercise of independent judgment with regard to the operations, financial condition and prospects of COF. Past performance is not a reliable indicator of future performance. The information contained in this presentation does not constitute financial product advice. Before making an investment decision, the recipient should consider their own financial situation, objectives and needs, and conduct their own independent investigation and assessment of the contents of this presentation, including obtaining investment, legal, tax, accounting and such other advice as they consider necessary or appropriate. This presentation has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs. It is not an invitation or offer to buy or sell, or a solicitation to invest in or refrain from investing in, units in COF or any other investment product. The information in this presentation has been obtained from and based on sources believed by CPFL to be reliable. To the maximum extent permitted by law, CPFL and its related bodies corporate make no representation or warranty, express or implied, as to the accuracy, completeness, timeliness or reliability of the contents of this presentation. To the maximum extent permitted by law, CPFL does not accept any liability (including, without limitation, any liability arising from fault or negligence) for any loss whatsoever arising from the use of this presentation or its contents or otherwise arising in connection with it. This presentation may contain forward-looking statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters (‘Forward Statements’). Forward Statements can generally be identified by the use of forward-looking words such as “anticipate”, “estimates”, “will”, “should”, “could”, “may”, “expects”, “plans”, “forecast”, “target” or similar expressions. Forward Statements including indications, guidance or outlook on future revenues, climate-related targets, distributions or financial position and performance or return or growth in underlying investments are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Forward Statements are subject to known and unknown risks, uncertainties, contingencies and other factors that are in some cases beyond CPFL's control, and which may cause actual results, performance, achievements or climate-related targets to differ materially from those expressed or implied by the Forward Statements. No independent third party has reviewed the reasonableness of any such statements or assumptions. No member of CPFL represents or warrants that such Forward Statements will be achieved or will prove to be correct or gives any warranty, express or implied, as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forward Statement contained in this presentation. Except as required by law or regulation, CPFL assumes no obligation to release updates or revisions to Forward Statements to reflect any changes. The reader should note that this presentation may also contain pro forma financial information. Distributable earnings is a financial measure which is not prescribed by Australian Accounting Standards (AAS) and represents the profit under AAS adjusted for specific non-cash and significant items. The Directors consider that distributable earnings reflect the core earnings of the Trust. All dollar values are in Australian dollars ($ or A$) unless stated otherwise.
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