Centuria Office REIT (ASX:COF) Scaled Net Operating Assets: 1.00 (As of Dec. 2025)


ASX:COF Centuria Office REIT ASX:COF
69 GF Score
Price A$0.89
GF Value A$1.17
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Centuria Office REIT Scaled Net Operating Assets?

Centuria Office REIT ASX:COF 69 Scaled Net Operating Assets is 1.00 as of Dec. 2025. GuruFocus rates ASX:COF with a GF Score™ of 69/100 and a GF Value™ of A$1.17 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Centuria Office REIT's operating assets for the quarter that ended in Dec. 2025 was A$1,992.7 Mil. Centuria Office REIT's operating liabilities for the quarter that ended in Dec. 2025 was A$40.9 Mil. Centuria Office REIT's Total Assets for the quarter that ended in Jun. 2025 was A$1,950.9 Mil. Therefore, Centuria Office REIT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.00.


Centuria Office REIT Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Centuria Office REIT's Scaled Net Operating Assets 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.

Centuria Office REIT Scaled Net Operating Assets Chart

Centuria Office REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 1.13 0.92 0.83 0.96

Centuria Office REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.89 0.95 0.97 1.00

ASX:COF vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Centuria Office REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Centuria Office REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Centuria Office REIT's Scaled Net Operating Assets falls into.


ASX:COF
69GF Score
Centuria Office REIT ASX:COF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Centuria Office REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Centuria Office REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(1942.36-53.532)/1977.846
=0.95

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1950.861 - 8.501
=1942.36

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=955.054 - 901.522 - 0
=53.532

Centuria Office REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1992.661-40.928)/1950.861
=1.00

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2003.863 - 11.202
=1992.661

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=976.686 - 935.758 - 0
=40.928

* 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.

What does a Scaled Net Operating Assets of 1.00 mean?
Centuria Office REIT (ASX:COF) has a Scaled Net Operating Assets of 1.00 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Centuria Office REIT and its competitors.
Is Centuria Office REIT's Scaled Net Operating Assets too high?
Centuria Office REIT's current Scaled Net Operating Assets is 1.00. Overall, Centuria Office REIT has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Centuria Office REIT's Scaled Net Operating Assets compare to BXP and ARE?
Centuria Office REIT's Scaled Net Operating Assets of 1.00 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Centuria Office REIT and its competitors. Centuria Office REIT's current Scaled Net Operating Assets is 1.00. 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$0.89 — trading 23.9% below its estimated fair value. The current Scaled Net Operating Assets is 1.00. Centuria Office REIT's overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Centuria Office REIT (ASX:COF), the current Scaled Net Operating Assets is 1.00 as of Dec. 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$0.89 is trading 23.9% below its estimated GF Value™ of A$1.17. GuruFocus considers Centuria Office REIT to be Modestly Undervalued.

Key valuation signals for ASX:COF:

  • Scaled Net Operating Assets: 1.00
  • GF Value™: A$1.17 vs. price of A$0.89 (23.9% below fair value)
  • GF Score™: 69/100 with 8 warning signs

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 Business Description

Industry Real EstateREITs
Other Exchanges 47X:Germany
Address 2 Chifley Square, Level 41, Chifley Tower, Sydney, NSW, AUS, 2000
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.
69GF Score

Get the complete analysis for ASX:COF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.89
Price
A$1.17
GF Value