Highlights

  • Growthpoint Properties Australia reported FY26 FFO of 23.5 cents per security, achieving the top end of its guidance range overall.
  • Record office leasing reached 81,022 square metres, while industrial leasing totalled 117,934 square metres across the property portfolio during FY26.
  • Portfolio occupancy improved to 96% from 94%, supported by leasing transactions across office and industrial properties during FY26 during FY26.
  • Growthpoint returned to statutory net profit of AUD 90.1 million after recording a loss of AUD 124.6 million previously overall.

Growthpoint Properties Australia released its FY26 full-year results on 17 August 2026, reporting Funds From Operations (FFO) of $177.6 million — 23.5 cents per security — at the upper end of its guidance range, and a return to statutory profitability with net profit after tax of $90.1 million. Record leasing activity drove portfolio occupancy to 96% and like-for-like property FFO growth of 2.6%, while the AUM reached $5.2 billion across 64 directly held and third-party office, industrial and retail assets.

Record Leasing and Portfolio Performance

FY26 was a landmark year for Growthpoint's leasing team, with record office leasing of 81,022 sqm — surpassing the full-year FY25 figure early in the year — and 117,934 sqm of industrial leasing. Major transactions included Myer Group (13,679 sqm), Samsung (13,423 sqm), and Monash University (7,152 sqm) on the office side, and Linfox (33,196 sqm), Workwear Group (26,517 sqm) and Qantas (11,427 sqm) on the industrial side. Office occupancy rose to 96% (from 94%) and industrial occupancy reached approximately 98%, underpinning the 2.6% like-for-like property FFO growth.

Balance Sheet and Funds Management

NTA per security stood at $3.05 at 30 June 2026, slightly down from $3.09 in FY25, as $268 million in asset divestments were executed during the year. Gearing increased to 41.6% (from 39.7%) and weighted average cost of Debt edged up to 5.1% per annum. The funds management platform grew, with $125 million in new AUM and $36 million in net new co-investment during FY26, taking third-party AUM to $1.2 billion across 16 assets. GOZ also achieved its Net Zero Target and maintained its GRESB sustainability score of 85.

FY27 Outlook

Management set FY27 FFO guidance at 22.6–23.5 cents per security and maintained distribution guidance at 18.4 cents per security — a Payout Ratio within the target 75–85% of FFO range. GOZ continues to trade at a significant discount to NTA of $3.05, which Brokers including Moelis (Buy, $2.90 target) and Macquarie highlight as an attractive entry point. With portfolio occupancy at cycle highs and leasing momentum strong, the operational foundation for FY27 appears solid.

Stock Price Information

On 6 November 2026, Growthpoint Properties Australia (ASX:GOZ) shares recorded a change in price. For current pricing, refer to the ASX website or your broker platform.