Do’s and Don’ts in real estate
The companies that present opportunities and pitfalls in the current real estate sector within Australia.
Read MoreTag: COF
Real estate gap causes concerns
20 Jul 2023 – Australia's largest landlords have recently downgraded the values of their office block portfolios, but investors are seeking deeper discounts amid a significant gap between public and private valuations.
Read MoreCenturia Office REIT reveals strong FY23 portfolio valuations
03 Jul 2023 – Centuria Office REIT (ASX:COF) has completed external valuations on a significant portion of its portfolio.
Read More$225m debt refinance and non-core divestment boost Centuria Office REIT’s capital position
28 Jun 2023 – Centuria Office REIT (ASX:COF) has announced significant developments, including a successful $225 million debt refinancing initiative and the exchange of a sales contract for the divestment of a non-core property.
Read MoreCOF – Credit Suisse rates the stock as Neutral
The Neutral rating and target price of $2.48 are retained.
Read MoreCOF – Morgans rates the stock as Hold
The broker retains its Hold rating and edges up its price target to $2.50 from $2.49.
Read MoreCOF – Credit Suisse rates the stock as Downgrade to Neutral
Rating is downgraded to Neutral from Outperform and the target is raised to $2.20 from $2.14.
Read MoreCOF – Morgans rates the stock as Add
Centuria Office REIT provided funds from operations (FFO) guidance above Morgans expectations. The Add rating is unchanged and the target rises to $2.31 from $2.29.
Read MoreCOF – Credit Suisse rates the stock as Outperform
FY20 results were ahead of Credit Suisse estimates mainly because of the broker’s overly conservative rent relief assumptions. The business remains well within debt covenants.
Read MoreCoffey Crunched
Crunch went the shares yesterday in small mining services company Coffey International (COF). It will be the first of what will be a long line of miserably bad results from the sector.
Read MoreCoffey Confirms Mining Services Struggle
Small engineering and mining services group Coffey International (COF) was an unlikely "first cuckoo of spring" for the sector yesterday when it revealed that nothing had really changed in the sector in the past few months.
Read MoreCoffey Reassures On Banks – Shares Up 45% In A Week
Contractor, Coffey International, has been forced to issue a further statement after its earnings downgrade a week ago – this time it’s to reassure investors that it is not in trouble with its bankers.
Read MoreCoffey’s Litany Of Woes
The slowing in the resources sector exploration and investment continues to hit mining services companies with Coffey International (COF) becoming the latest to downgrade its outlook and suffer a big sell off in its shares.
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