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Highlights

  • Growthpoint raises FY25 funds from operations (FFO) guidance to a minimum of 23.0 cents per security.

  • Secures $40 million Queensland logistics asset, boosting its industrial portfolio.

  • Maintains high portfolio occupancy while advancing toward its Net Zero 2025 target.

Growthpoint Properties Australia (ASX:GOZ) has revised its financial guidance for FY25 upward, reflecting the company’s effective capital deployment and continued resilience across its property portfolio. The updated forecast pegs funds from operations (FFO) at no less than 23.0 cents per security, an improvement from the earlier range of 22.3 to 23.1 cents.

This announcement comes alongside the acquisition of a $40 million logistics asset in Queensland, further cementing Growthpoint’s strategy of enhancing its industrial footprint amid strong demand in the logistics sector. The acquisition was made through the company’s expanding logistics partnership and underscores a focused approach to high-quality asset growth in targeted locations.

The market responded positively, with shares in Growthpoint rising 4.3% to A$2.45, marking the stock’s highest level since March 4. 

Growthpoint, a real estate investment trust (REIT) listed on the ASX and a member of the S&P/ASX 300, holds a diversified portfolio of office and industrial assets. In addition to direct ownership, the company manages real estate assets for wholesale syndicates and institutional investors through its funds management arm. 

Occupancy across Growthpoint’s portfolio remains high, underpinned by long-term leases and a focus on quality tenancies. 

In line with its broader environmental, social, and governance (ESG) goals, Growthpoint reaffirmed its commitment to achieving Net Zero operational carbon emissions by July 2025.