Highlights

• Growthpoint returned to statutory profitability in FY26 as property valuation losses moderated compared to the prior year.
• Strong leasing activity lifted direct portfolio occupancy to 96%, while funds management added new assets under management.
• FY27 guidance reflects continued caution around elevated interest rates, although portfolio occupancy and debt coverage provide support.

FY26 Results Show Improved Statutory Outcome

Growthpoint Properties Australia (ASX: GOZ) released its FY26 results on 17 August 2026 for the year ended 30 June 2026. Revenue and other ordinary income totalled AU$331.2 million in FY26, remaining almost unchanged from AU$331.3 million in the previous year. Statutory net profit attributable to Securityholders reached AU$90.1 million, reversing the AU$124.6 million loss recorded a year earlier.

Funds from operations increased 0.9% to AU$177.6 million, equivalent to 23.5 cents per security. Ordinary distributions were 18.4 cents per security, representing a 78.2% payout ratio and remaining within the Board’s target range of 75%–85%.

Leasing Supports Portfolio Performance

Growthpoint ended FY26 with 96% occupancy across its directly held portfolio and a weighted average lease expiry of 6.1 years. Office occupancy improved to 95% from 92% after the Group completed a record 81,022 square metres of office leasing. Industrial occupancy remained at 98%, supported by 117,934 square metres of leasing activity.

The funds management platform also expanded, adding AU$124.9 million of new assets under management and raising AU$33.9 million of gross equity through Growthpoint Australia Logistics Partnership and Growthpoint Macquarie Park Trust initiatives.

Capital Management Remains in Focus

Gearing increased to 41.6% from 39.7%, remaining within Growthpoint’s 35%–45% target range. During FY26, the Group refinanced AU$495 million of debt and maintained liquidity sufficient to cover FY27 maturities.

Outlook

For FY27, Growthpoint has guided to FFO of 22.6–23.5 cents per security, while distributions are expected to be 18.4 cents per security. Management remains cautious about interest rates, office vacancies and broader economic uncertainty, while continuing to prioritise portfolio performance, funds management growth, capital recycling and balance-sheet flexibility.

Note- All data presented is based on information available at the time of writing.

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