Reporting season is a great time for investors to find ASX share opportunities that are good value, with a very recent view on the company's operational performance.
There have been some very volatile reactions to some results, and I think this has opened up a number of buying opportunities.
I'm planning to put money to work next week, with the following two names being the likely candidates.
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Temple & Webster Group Ltd (ASX: TPW)
This business has suffered a huge sell-off – down 30% at the time of writing – following its FY26 half-year result.
Margins decreased as the business increased investment, with a focus on price, promotion and expansion into New Zealand. But I think this is the right move for the business's long-term success.
The company reported that revenue rose 19.8% to $375.9 million, the delivered margin rose 12.8% and operating profit (EBITDA) grew 2.2%. However, excluding the New Zealand investment, EBITDA grew by 13%.
Its capital-light model remains attractive and cash generative, with a huge $161 million in cash (and no debt). This can allow the business to fund share buybacks, if it wants to.
Over the long term, the ASX share is expected to experience further adoption of online shopping and rising profit margins. The Australian homewares and furniture market has a 20% penetration rate in Australia, whereas it's 29% in the UK and 35% in the US. I expect Australia's figure to climb in the coming years towards 30%.
The New Zealand play has already generated more than $1 million in sales, and I'm expecting it to become a significant contributor by the end of the decade.
Revenue growth remains strong, particularly in home improvement products. Home improvement revenue during the six-month period grew 47% year over year to $30 million. If it continues to grow faster than the core business, it will become an increasingly material contributor to the company's financials.
Finally, the trading update to 9 February 2026 was solid and suggests ongoing good growth – revenue was up 20% year over year. That's a strong compounding growth rate.
Centuria Industrial REIT (ASX: CIP)
The other ASX share I'm looking at is a real estate investment trust (REIT) focused on industrial properties.
I don't know whether rental income can grow strongly from office buildings or shopping centres, but industrial properties are experiencing growth from areas like e-commerce and data centres.
The ASX share experienced like-for-like net operating income (NOI) growth of 5.1% in its FY26 half-year result. The REIT said that 20% average under-renting across its portfolio provides future earnings growth potential, implying good potential for a rental boost in the next few years.
It's expecting to grow funds from operations (FFO) per unit – the rental earnings – by up to 6% in FY26, which could fund a 3% rise in the distribution to 16.8 cents per unit. That translates into a forward distribution yield of 5.3%.
It looks good value after reporting its net tangible assets (NTA) climbed by around 1% over the six month period to $3.95. That means it's trading at a discount of around 20%, which I think is very appealing for a growing business.
