Growthpoint Properties Australia lifts guidance

The Growthpoint Properties Australia Ltd (ASX: GOZ) share price is in focus today after the company reported a half-year funds from operations (FFO) of $91.9 million and increased office occupancy to 94%.

What did Growthpoint Properties Australia report?

• FFO for 1H26 was $91.9 million, or 12.2 cents per security
• Statutory net profit reached $62.6 million, up from a $98.7 million loss in 1H25
• Distribution per security of 9.2 cps, payout ratio of 75.5%
• Net tangible assets per security of $3.10, stable since June 2025
• Gearing increased to 41.2%, within the target range of 35–45%
• Record office leasing on track; office occupancy improved from 92% to 94%, industrial occupancy remained high at 98%

What else do investors need to know?

Growthpoint completed significant leasing activity, with 30,068 square metres leased in its office portfolio and 62,566 sqm in its industrial portfolio. This strong leasing performance has reduced future leasing risks and improved rental stability.

The company expanded its funds management platform, adding $124.9 million of new assets under management. It also successfully divested $140 million of assets for liquidity and delivered on key environmental targets, achieving net zero emissions across direct office assets as of July 2025.

What’s next for Growthpoint Properties Australia?

Looking forward, Growthpoint has reaffirmed its FFO guidance for FY26 at 23.0–23.6 cents per security and expects to maintain distributions at 18.4 cps. Management is focused on further reducing leasing risk, pursuing record office leasing, and growing its funds management platform.

The company sees demand for office, industrial, and retail space being supported by strong migration and a tight labour market, alongside low supply and stabilised valuations. Growthpoint also continues to prioritise sustainability and tenant wellbeing across its portfolio.

Growthpoint Properties Australia share price snapshot

Over the past 12 months, Growthpoint Properties Australia shares have declined 10%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.

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The post Growthpoint Properties Australia lifts guidance appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.