CENTURIA OFFICE REIT r personal use only
HY22 Property Compendium
Centuria Office REIT | ASX:COF
Contents
New South Wales
8 Central Avenue, Eveleigh
203 Pacific | Highway, St Leonards |
only | Highway, St Leonards |
201 Pacific |
9 Help Street, Chatswood
77 Market Street, Wollongong
Victoria
818 Bourke Street, Docklands use101 Moray Street, South Melbourne 576 Swan Street, Richmond
2 Kendall Street, Williams Landing
Queensland
825 Ann Street, Fortitude Valley
personal100 Brookes Street, Fortitude Valley 154 Melbourne Street, South Brisbane
483 Kingsford Smith Drive, Hamilton
555 Coronation Drive, Toowong
35 Robina Town Centre Drive, Robina
Australia Capital Territory
2 Phillip Law Street, Canberra
60 Marcus Clarke Street, Canberra
54 Marcus Clarke Street, Canberra
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Western Australia
08 | 235 William Street, Northbridge | 30 |
09 | 144 Stirling Street, Perth | 31 |
10 | 42-46 Colin Street, West Perth | 32 |
11 |
12 South Australia
1 Richmond Road, Keswick | 34 |
131-139 Grenfell Street, Adelaide | 35 |
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15
16
17
19
20
21
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23
24
26
27
28
100 BROOKES STREET, FORTITUDE VALLEY, QLD
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NISHI: 2 PHILLIP LAW STREET, CANBERRA
C E N T U R I A O F F I C E R E I T
Providing quality, highly connected and affordable office space.
Overview
TENANT COMPOSITION (BY INCOME) | GEOGRAPHIC DIVERSIFICATION (BY VALUE) | TENANT PROFILE BY SIZE (COHORT BY TENANT AREA) |
only | ||||||||||
use | NSW - 25% | QLD - 21% | VIC - 24% | ACT - 15% | <500sqm - 10% | 500 - 1,000sqm - 7% | 1,000 - 2,000sqm - 12% | |||
ASX-LISTED - 27% | GOVERNMENT - 25% | MULTINATIONAL - 17% | ||||||||
LISTED MULTINATIONAL - 11% | NATIONAL - 5% | OTHER - 15% | WA - 12% | SA - 3% | >2,000sqm - 71% | |||||
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) | ||||||
60 | 50.4% | |||||
50 | ||||||
40 | ||||||
30 | ||||||
20 | 20.5% | |||||
10 | 10.7% | 8.7% | ||||
5.7% | ||||||
4.0% | ||||||
0 | VACANT | FY22 | FY23 | FY24 | FY25 | FY26+ |
personalPERCENTAGE(%) | ||||||
KEY PORTFOLIO METRICS
METRIC | HY22 |
Assets | 23 |
Book Value ($m) | 2,322 |
Capitalisation rate | 5.65% |
Net Lettable Area (sqm) | 302,700 |
Occupancy (by Income) | 94.3% |
WALE (by Income) | 4.3 years |
Average NABERS Energy rating (by value) | 4.9 |
Average NABERS Water rating (by value) | 4.1 |
Buildings generating solar power | 6 |
Average building age (by value) | 16.1 years |
TOP 10 TENANTS (BY GROSS INCOME)
RANK | TENANT | % TOTAL INCOME |
1 | Government (Aust) | 14.1% |
2 | Government (WA) | 4.4% |
3 | Ericsson Australia | 3.0% |
4 | Government (QLD) | 2.9% |
5 | Seven Network | 2.9% |
6 | Target Australia | 2.8% |
7 | Laing O'Rourke | 2.7% |
8 | Verizon Australia | 2.4% |
9 | Insurance Australia | 2.3% |
10 | Government (NSW) | 2.1% |
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Centuria Office REIT - Property Compendium HY22 | 4
Overview
PROPERTY | STATE | SHARE | BOOK VALUE ($) | CAP RATE | NLA (SQM) | $ (SQM) | WALE (YEARS)¹ | OCCUPANCY (INCOME)¹ | ||
8 Central Avenue, Eveleigh | NSW | 50% | 210.0 | 5.00% | 36,619 | 11,470 | 8.7 | 95.5% | ||
201 Pacific Highway, St Leonards | NSW | 50% | 107.5 | 5.50% | 16,498 | 13,032 | 2.6 | 94.5% | ||
9 Help Street, Chatswood | NSW | 100% | 95.0 | 5.38% | 9,383 | 10,125 | 2.9 | 100.0% | ||
203 Pacific Highway, St Leonards | NSW | 50% | 68.0 | 5.75% | 11,735 | 11,590 | 3.4 | 99.3% | ||
77 Market Street, Wollongong | NSW | 100% | 37.0 | 6.50% | 6,755 | 5,478 | 3.5 | 100.0% | ||
2 Phillip Law Street, Canberra | ACT | 100% | 252.0 | 5.00% | 27,411 | 9,193 | 6.9 | 100.0% | ||
60 Marcus Clarke Street, Canberra | ACT | 100% | 62.0 | 6.50% | 12,094 | 5,126 | 2.5 | 78.6% | ||
54 Marcus Clarke Street, Canberra | ACT | 100% | 24.0 | 7.00% | 5,200 | 4,615 | 3.6 | 95.3% | ||
only | ||||||||||
825 Ann Street, Fortitude Valley | QLD | 100% | 158.5 | 5.75% | 19,138 | 8,282 | 3.1 | 100.0% | ||
100 Brookes Street, Fortitude Valley | QLD | 100% | 85.0 | 5.88% | 9,533 | 8,916 | 4.4 | 100.0% | ||
154 Melbourne Street, South Brisbane | QLD | 100% | 81.0 | 6.00% | 11,292 | 7,173 | 1.7 | 100.0% | ||
483 Kingsford Smith Drive, Hamilton | QLD | 100% | 79.5 | 6.00% | 9,161 | 8,678 | 4.5 | 100.0% | ||
555 Coronation Drive, Toowong | QLD | 100% | 45.5 | 6.00% | 5,567 | 8,173 | 5.2 | 100.0% | ||
35 Robina Town Centre Drive, Robina | QLD | 100% | 44.5 | 7.00% | 8,912 | 4,993 | 2.7 | 100.0% | ||
818 Bourke Street, Docklands | VIC | 100% | 217.0 | 5.13% | 23,096 | 9,396 | 1.7 | 63.0% | ||
use | ||||||||||
101 Moray St, South Melbourne | VIC | 100% | 198.4 | 5.00% | 15,975 | 12,419 | 6.1 | 100.0% | ||
2 Kendall Street, Williams Landing | VIC | 100% | 71.0 | 5.75% | 12,961 | 5,478 | 6.9 | 100.0% | ||
576 Swan Street, Richmond | VIC | 100% | 70.0 | 5.25% | 8,240 | 8,495 | 2.5 | 66.6% | ||
1 Richmond Road, Keswick | SA | 100% | 40.3 | 7.00% | 8,085 | 4,984 | 3.6 | 100.0% | ||
131-139 Grenfell Street, Adelaide | SA | 100% | 19.0 | 7.00% | 4,059 | 4,681 | 2.8 | 100.0% | ||
235 William Street, Northbridge | WA | 100% | 180.0 | 6.50% | 21,575 | 8,343 | 3.8 | 95.1% | ||
144 Stirling Street, East Perth | WA | 100% | 73.3 | 6.00% | 11,042 | 6,634 | 7.1 | 100.0% | ||
42-46 Colin Street, West Perth | WA | 100% | 35.5 | 7.00% | 8,370 | 4,241 | 1.9 | 100.0% | ||
TOTAL PORTFOLIO (DEC-21)2 | 2,254 | 5.65% | 302,700 | 8,339 | 4.3 | 94.2% | ||||
Acquisitions Yet to Settle | ||||||||||
203 Pacific Highway, St Leonards | NSW | 50% | 68.0 | 5.75% | N/A | 11,590 | 3.4 | 99.3% | ||
TOTAL PORTFOLIO (PRO FORMA)2 | $2,322.0m | 5.65% | 302,700 | 8,409 | 4.3 | 94.3% | ||||
1. | By gross income (equity share) | |||||||||
2. | Investment properties $2,322.0m, excludes $31.8m leasehold asset under AASB 16. | |||||||||
personal | Centuria Office REIT - Property Compendium HY22 | 5 | |||||||||
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Centuria Office REIT published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 22:48:01 UTC.
