Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Centuria Office REITASX:COF -0.56%68 3-Year ROIIC % is 3.67 as of Jun. 2025, which is 24% below its 10-year median of 4.81. GuruFocus rates ASX:COF with a GF Score™ of 68/100 and a GF Value™ of A$1.17 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 691 REITs companies, Centuria Office REIT ranks better than 50.36% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Centuria Office REIT's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 3.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Centuria Office REIT's 3-Year ROIIC % or its related term are showing as below:
ASX:COF's 3-Year ROIIC % is ranked better than 50.36% of 691
companies
in the REITs industry
Industry Median: 3.59
vs ASX:COF: 3.67
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Centuria Office REIT 3-Year ROIIC % Related Terms
Centuria Office REIT 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Centuria Office REIT's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:COF vs BXP, ARE, VNO: 3-Year ROIIC % Comparison
For the REIT - Office subindustry, Centuria Office REIT's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Centuria Office REIT 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Centuria Office REIT's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Centuria Office REIT's 3-Year ROIIC % falls into.
Centuria Office REIT's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 89.465 (Jun. 2025) - 105.441 (Jun. 2022) )
/
( 1936.256 (Jun. 2025) - 2371.652 (Jun. 2022) )
=
-15.976
/
-435.396
=
3.67%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Centuria Office REIT (ASX:COF) has a 3-Year ROIIC % of 3.67 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Centuria Office REIT and its competitors. This is 24% below median its historical median of 4.81. Over the past decade, Centuria Office REIT's 3-Year ROIIC % has ranged from 3.08 to 9.23. According to the industry distribution chart, Centuria Office REIT ranks #343 out of 691 companies in the REITs industry, placing it in the top 49.6%.
Is Centuria Office REIT's 3-Year ROIIC % too high?
Centuria Office REIT's current 3-Year ROIIC % of 3.67 is 24% below median its 10-year median of 4.81. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 9.23. The REITs industry median 3-Year ROIIC % is 3.59. Centuria Office REIT's value of 3.67 is 2.2% above this industry median. Based on the distribution chart, Centuria Office REIT ranks #343 out of 691 companies in the REITs industry, which is above the industry midpoint. Overall, Centuria Office REIT has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Centuria Office REIT's 3-Year ROIIC % compare to BXP and ARE?
According to the REITs industry distribution chart, Centuria Office REIT ranks #343 out of 691 companies for 3-Year ROIIC %. This puts Centuria Office REIT in the upper half of its industry. The industry median 3-Year ROIIC % is 3.59. Centuria Office REIT's value of 3.67 is 2.2% above this benchmark. Historically, Centuria Office REIT's own 3-Year ROIIC % has ranged from 3.08 to 9.23 over the past decade. While the company's 10-year median is 4.81 vs. the industry median of 3.59, Centuria Office REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.59, based on 691 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Centuria Office REIT's current 3-Year ROIIC % of 3.67 is 2.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Centuria Office REIT and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centuria Office REIT's current 3-Year ROIIC % is 3.67, which is 24% below median its own 10-year median of 4.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centuria Office REIT stock overvalued right now?
Based on GuruFocus' analysis, Centuria Office REIT (ASX:COF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.17, compared to a current price of A$0.88 — trading 24.8% below its estimated fair value. The current 3-Year ROIIC % is 3.67, which is 24% below median its 10-year median of 4.81 and 2.2% above the REITs industry median of 3.59. Centuria Office REIT's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Centuria Office REIT (ASX:COF), the current 3-Year ROIIC % is 3.67 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Centuria Office REIT (ASX:COF) Overvalued in 2026?
Based on GuruFocus' analysis, Centuria Office REIT stock appears to be undervalued.
The current stock price of A$0.88 is trading 24.8% below its estimated GF Value™ of A$1.17.
GuruFocus considers Centuria Office REIT to be Modestly Undervalued.
Key valuation signals for ASX:COF:
3-Year ROIIC %: 3.67 (24% below median its 10-year median of 4.81)
GF Value™: A$1.17 vs. price of A$0.88 (24.8% below fair value)
Industry Position: 2.2% above the REITs median (#343 of 691)
No single metric tells the full story. See the ASX:COF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centuria Office REIT is an externally managed real estate investment vehicle. The trust holds a portfolio of office buildings and passes most of the income generated from leasing out these properties to unitholders. Centuria Office focuses on suburban offices, with nearly the entire portfolio located in major Australian capital cities and rated modern A grade.The external manager, Centuria Capital Group, receives fees from Centuria Office in exchange for leasing, property management, and development management services, and retains a 19% interest in the trust. Centuria Office REIT was originally called Centuria Metropolitan REIT. It was renamed in 2020 after selling its industrial assets and becoming a pure-play office REIT.
68GF Score
Get the complete analysis for ASX:COF
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:COF has been successfully added to your 
