Highlights

  • FY26 funds from operations were 23.5 cents per security, with direct portfolio occupancy of 96% and AUD 5.2 billion of Assets under management.
  • Growthpoint reported AUD 5.2 billion of assets under management spanning 64 assets as at 30 June 2026.
  • The direct portfolio had a weighted average Lease expiry of 6.1 years and a weighted average Capitalisation rate of 6.8%.

Growthpoint Properties Australia (ASX:GOZ) was priced at AUD 1.945, down 1.27% in the reported market trading figures. FY26 funds from operations were 23.5 cents per security, with direct portfolio occupancy of 96% and AUD 5.2 billion of assets under management. 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.

Portfolio Composition

Growthpoint reported AUD 5.2 billion of assets under management spanning 64 assets as at 30 June 2026. Its directly held portfolio represented AUD 4.0 billion across 48 assets; the third-party funds portfolio comprised AUD 1.2 billion and 16 assets. By sector, portfolio assets under management included AUD 2.9 billion of office, AUD 1.8 billion of industrial and AUD 0.5 billion of retail assets. The company reported 96% occupancy for its direct portfolio, up from 94%.

Funds From Operations and Distributions

Funds from operations were 23.5 cents per security in FY26, while distributions were 18.4 cents. Statutory net profit after tax was AUD 90.1 million, compared with a AUD 124.6 million net loss in FY25. Net tangible assets were AUD 3.05 per security, against AUD 3.09 in FY25. Gearing was 41.6%, and the weighted average cost of Debt was 5.1% per annum, calculated on a full-year average basis.

Leasing and Fund Management

The direct portfolio had a weighted average lease expiry of 6.1 years and a weighted average capitalisation rate of 6.8%. FY26 activity included 81,022 square metres of office leasing and 117,934 square metres of industrial leasing. Like-for-like property FFO increased 2.6%, including 2.7% in office and 2.6% in industrial property. The group created AUD 125 million of new third-party assets under management and committed AUD 36 million of net co-investment.

Refinancing and Guidance

Growthpoint refinanced AUD 495 million of debt, covering maturities through the end of FY27. A conditional contract for a AUD 268 million property divestment was exchanged after year-end, with settlement expected in early calendar 2027, subject to the transaction proceeding as disclosed. Management issued FY27 FFO guidance of 22.6–23.5 cents per security and distribution guidance of 18.4 cents. These projections assume no additional direct property acquisitions or disposals and no significant unforeseen market changes.

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 Growthpoint Properties Australia’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.