The Growthpoint Properties Australia Ltd (ASX: GOZ) share price is on the move today after the real estate investment trust (REIT) delivered full year FY26 results, headlined by an improved statutory net profit of $90.1 million and funds from operations (FFO) of 23.5 cents per security, slightly ahead of last year.
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What did Growthpoint Properties Australia report?
- Statutory net profit after tax: $90.1 million (FY25: $124.6 million loss)
- Funds from operations (FFO): $177.6 million, up 0.9%
- FFO per security: 23.5 cents (FY25: 23.3 cents)
- Ordinary distribution per security: 18.4 cents (FY25: 18.2 cents)
- Net tangible assets (NTA) per security: $3.05 (FY25: $3.09)
- Portfolio occupancy: 96% (up from 94% in FY25)
- Gearing: 41.6% (FY25: 39.7%)
What else do investors need to know?
Growthpoint increased portfolio occupancy to 96% through record leasing activity in both office and industrial assets. The company also achieved $125 million in new assets under management (AUM) and provided $331 million in liquidity for fund investors through divestments.
During the year, Growthpoint refinanced $495 million of debt, with all FY27 maturities now covered. The company's direct property assets were stable in value, and it continued to improve sustainability credentials, achieving its Net Zero Target and maintaining strong NABERS ratings.
What's next for Growthpoint Properties Australia?
For FY27, Growthpoint is guiding to FFO of 22.6–23.5 cents per security and distributions of 18.4 cents per security, in line with this year. The focus will remain on active asset management, optimising capital structure, and growing the funds management business.
Ongoing priorities include high tenant retention, selective capital recycling, headroom to support new investments, and further enhancements to sustainability performance and reporting.
Growthpoint Properties Australia share price snapshot
The Growthpoint Properties Australia share price has underperformed the wider S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 13%.
