Highlights

  • FY26 FFO increased to 11.1 cents per security, alongside 8.5 cents in distributions and gearing of 29.8%.
  • Garda Property Group reported FY26 funds from operations of 11.1 cents per security, up 54% from 7.2 cents in FY25.
  • Garda’s industrial property holdings were valued at approximately AUD 340 million.

Garda Property Group (ASX:GDF) was priced at AUD 1.14, down 2.56% in the reported market trading figures. FY26 FFO increased to 11.1 cents per security, alongside 8.5 cents in distributions and gearing of 29.8%. The company’s published FY26 announcement presents its property, leasing, financial and capital-management information for the reported period. Figures below follow the announcement’s stated measures and reporting basis.

FY26 Earnings and Distributions

Garda Property Group reported FY26 funds from operations of 11.1 cents per security, up 54% from 7.2 cents in FY25. Distributions increased 18% to 8.5 cents per security from 7.2 cents. The Payout Ratio was 77.0%, compared with 84.9% a year earlier. Net tangible assets increased to AUD 1.64 per security from AUD 1.61, while gearing fell to 29.8% from 42.9%.

Lending Portfolio Expansion

The company’s lending receivables rose by AUD 66.4 million in the second half to AUD 134.1 million at June 2026. It reported approximately AUD 202 million in total committed loans, including about AUD 68 million in undrawn commitments expected to be deployed through FY27. The presentation described an average annual lending return of 20.1% and a drawn-loan weighted average term of approximately 10 months.

Industrial Property and Leasing

Garda’s industrial property holdings were valued at approximately AUD 340 million. Portfolio occupancy was 77.4%, weighted average Lease expiry was 4.1 years, and weighted average Capitalisation rate was 5.88%. A 10-year lease with O’Brien Glass Industries over 6,754 square metres at Acacia Ridge was scheduled to commence on 1 July 2026, adding AUD 1.4 million of net property income in FY27. The company reported further unleased space at that asset.

Business Mix and Outlook

Lending and property each accounted for approximately 49% of FY26 group Revenue contribution, compared with 23% and 75%, respectively, in FY25. Total group revenue reached approximately AUD 41.9 million. The presentation described a Queensland-focused lending operation alongside direct industrial property ownership, with further Capital deployment and property leasing identified for FY27. The company described its FFO result as exceeding initial guidance.

Reported Position and Further Disclosures

The results distinguish operating metrics from statutory financial measures and, where applicable, adjusted or non-IFRS measures such as funds from operations. Occupancy, leasing, rental income and asset values describe different elements of Garda Property Group’s operations. Forward guidance and management targets are presented as stated company expectations rather than achieved financial outcomes. The figures in the attached release refer to their respective reporting dates and should not be treated as updated trading guidance unless subsequently confirmed by the company.