Key Highlights

  • The fund reported approximately AUD 105 million in contracted sales of secondary assets.
  • Annualised fund-management costs declined by approximately AUD 1.9 million.
  • Pro forma gearing was stated at 29.3% after the exchanged asset sales.

Shares of LDR Capital Property Fund (ASX:LED) were indicated at AUD 0.35, with a 0.00% movement. The company’s announcement describes its reported earnings, portfolio activity and capital position.

Portfolio Repositioning

LDR Capital Property Fund outlined a repositioning of its commercial property holdings following the appointment of LDR Capital as Investment manager in February 2026. It reported the sale or exchange of four secondary assets, with announced transactions amounting to about AUD 105 million net of transaction costs. The Assets included Cannon Hill, Limestone Centre, Nexus Centre and Campus DXC. The sale programme was accompanied by plans to retire debt.

Management Costs and Leasing

The fund reported an annualised reduction in management costs of around AUD 1.9 million, equivalent to approximately 37% compared with the first-half FY26 annualised run rate. Management also disclosed new leasing agreements over approximately 14,000 square metres during the second half of FY26. The fund described further work involving property-level expenses, contracts and leasing incentives.

Funding and Portfolio Direction

Pro forma gearing following the announced sales was stated at 29.3%. The fund said proceeds from non-core properties would be used as part of its repositioning toward a portfolio of essential properties. It also identified refinancing and hedging arrangements as areas of focus and indicated a December 2026 target for completing that work. Future reinvestment remains dependent on available capital and transaction execution.

Reported Developments and Next Reporting Priorities

The announcement for LDR Capital Property Fund (ASX:LED) describes the reported period and identifies the figures above as either completed results, historical operating measures or management guidance where explicitly stated. The figures should be read in the context of their stated reporting periods and accounting definitions. The reported developments concern the company’s own operations, and the announcement does not establish that planned transactions, targets or forecasts have already been completed.