Results for HY21 out on Thursday 4th of Feb, next week as you say
https://centuria.com.au/office-reit/investor-centre/
They should provide guidance going forward; did so last year.
Bought more today. What I am not buying is this whole death of the office and everyone working from home narrative that the media is spinning.
What I do know, is that despite the pandemic, they did not do a CR, they collected >90% of rent due (up to 96% at last update), cost of debt is 2.2% and gearing is around 35%. NTA hasn’t suffered much, though I do take valuations with a grain of salt given similar properties out there are limited to provide a comparison. The current, and predicted going forward, rise in house prices should be a tailwind one would think though, and rent tends to be negotiated on NTA rather than the SP.
Sure, the rents may soften a little going forward for a while, and therefore so would the dividend paid out, and the SP may drift lower. These are the risks we are being compensated for at 8.5% pa at current SP, paid quarterly in cash.
As an income stock, particularly given how low current official interest rates are, I like it and will be adding more if it continues to show weakness.
- Forums
- ASX - By Stock
- COF
- News: COF Centuria Office REIT Confirms Quarterly Distribution For Dec Will Be 4.125 CPU
News: COF Centuria Office REIT Confirms Quarterly Distribution For Dec Will Be 4.125 CPU, page-28
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COF (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.20 |
Change
0.010(0.84%) |
Mkt cap ! $716.8M |
Open | High | Low | Value | Volume |
$1.20 | $1.20 | $1.18 | $1.799M | 1.503M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26712 | $1.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.21 | 38866 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26712 | 1.200 |
7 | 147503 | 1.195 |
4 | 126077 | 1.190 |
4 | 22798 | 1.185 |
4 | 13076 | 1.180 |
Price($) | Vol. | No. |
---|---|---|
1.205 | 38866 | 3 |
1.210 | 5950 | 3 |
1.215 | 31666 | 2 |
1.220 | 30000 | 1 |
1.225 | 17241 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
COF (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online