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$1.18 centuria office reit

Ann: COF HY24 Results Announcement, page-32

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noomxx

7,187 Posts.

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27/02/24

21:07

Post #: 72629597
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Originally posted by Tarvold: ↑

AFR
Major CBD office towers are selling at 20 per cent discounts to their peak value, the best evidence yet that the correction in Australia’s office market is nearing the bottom.
“We’re close to the bottom and these transactions will be the benchmark to set pricing for the next 12 months. We’re pretty close to where we need to be,” Jefferies analyst Sholto Maconochie said.

“We’re probably within 5 to 10 per cent of the trough for premium and secondary buildings. There’s not much left [to go)],” Mr Maconochie said.
“The valuers are letting the air out of the tyres. We’re pretty close to letting enough air out and getting back to race ready.”

Office valuations to rise in FY25 IMO.

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very very low probability that office valuations will rise in FY25.
Very low, cap rates are not high enough yet.!!!!

At best, the cap rates stabilize.

Last edited by noomxx: 27/02/24

COF Price at posting: $1.17 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $1.18		Change 0.000(0.00%)		Mkt cap ! $704.8M

Open	High	Low	Value	Volume
$1.19	$1.19	$1.18	$95.89K	81.03K

Buyers (Bids)

No.	Vol.	Price($)
10	7089	$1.18

Sellers (Offers)

Price($)	Vol.	No.
$1.19	2213	9

View Market Depth

No.	Vol.	Price($)
9	6909	1.180
11	69471	1.175
10	14276	1.170
11	44097	1.165
22	195299	1.160

Price($)	Vol.	No.
1.185	2213	9
1.190	19273	10
1.195	15633	9
1.200	218146	9
1.205	3300	1

Last trade - 10.46am 10/05/2024 (20 minute delay)


Last $1.19			Change 0.000 ( 0.17 %)
Open	High		Low	Volume
$1.18	$1.19		$1.18	12539
Last updated 11.06am 10/05/2024 ?

COF (ASX) Chart