GDI Property Group (ASX:GDI) announced its financial performance for the half-year ended Dec. 31, 2025, headlined by a 29.1% rise in funds from operations, which rose to $21.3 million compared to $16.5 million in the prior corresponding period.
The growth translated to an FFO of 3.94 cents per security, while the statutory net profit attributable to securityholders remained steady at $16.4 million.
Despite a minor $1.2 million fair value loss on investment properties, the company maintained a stable net tangible asset value of $1.20 per security.
Strategic property transactions and leasing momentum were key drivers of the period’s success. GDI exchanged contracts for the sale of six Autoleague portfolio dealerships for $74 million and two Bassendean properties for $29.5 million, both representing significant premiums over their acquisition prices.
Operational efficiency also improved, with leasing achievements pushing occupancy at 197 St Georges Terrace to 91.2%.
The company also highlighted the expansion of its Co-living joint venture through the acquisition of The Lodge Village and Lodge Outback Motel in Queensland, which contributed to a total Co-living FFO of $4.6 million.
To support future growth, GDI increased its syndicated debt facility to $426.5 million and extended its terms.
The board has determined a cash distribution of 2.50 cents per security, payable on Feb. 27.
At the time of reporting, GDI Property Group's share price was $0.62.