Growthpoint Properties Australia books $177.6M FFO in FY26

• Growthpoint achieved $177.6 million in funds from operations for the 2026 financial year.
• The company reported a statutory net profit of $90.1 million as its share price declined.
• Growthpoint stated the performance supports its strategy to reduce near-term lease expiries and create new assets.

Growthpoint Properties Australia (ASX:GOZ) returned to profitability in FY26, reporting a statutory net profit of $90.1 million.

The result marks a recovery from a statutory net loss of $124.6 million in FY25

Funds from operations reached $177.6 million or 23.5 cents per security. Record office leasing combined with significant industrial leasing in the directly held portfolio substantially reduced near-term expiries.

“Active management delivered substantial leasing volumes across our directly held portfolio, minimising downtime and increasing occupancy to 96%,” said Growthpoint CEO and Managing Director Ross Lees.

Growthpoint stated the establishment of new partnerships created $124.9 million in assets under management during the period.

Projecting a 2027 distribution of 18.4 cents per security, following the announcement, the Growthpoint share price was down at $2.18.

For FY27, the company expects funds from operations of -22.6 to -23.5 cents per share and a distribution guidance of 18.4 cents per share.

The company recently completed $331 million in divestments to deliver liquidity for its fund investors.

Growthpoint stated it expects to use net proceeds from an additional $267.7 million conditional divestment to repay debt.