Centuria Office REIT Lacks Near-Term Positive Catalysts -- Market Talk

Dow Jones
Feb 05

2227 GMT - Centuria Office REIT lacks near-term catalysts that could drive outperformance, says Bell Potter. Still, it sees a reduced risk of a guidance miss after making progress in leasing out space in 1H. Analyst Connor Eldridge says market conditions aren't favorable. Centuria Office REIT's 818 Bourke Street property is currently 25% vacant and 201 Pacific Highway is 33% empty. "We believe a top-of-the-range funds from operations print would be reliant upon leases being struck at these assets, which we think is unlikely and hence think the upside is capped here," Bell Potter says. Also, Centuria Office REIT still has 3.9% of its portfolio expiring in 2H. Bell Potter upgrades the stock to hold, from sell. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

February 04, 2026 17:27 ET (22:27 GMT)

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