The Carindale Property Trust (ASX: CDP) share price is in focus after reporting Funds From Operations of $32.3 million, up 8.8% in FY26, and a 5.0% rise in distributions to $24.7 million.

What did Carindale Property Trust report?

• Funds From Operations (FFO) rose 8.8% to $32.3 million
• Statutory profit reached $59.0 million, inclusive of a $25.6 million property revaluation gain
• Distribution for FY26 totalled $24.7 million, or 29.883 cents per unit, up 5.0%
• Annual retail sales hit a record $1,137.8 million, up 2.9%
• Occupancy at Westfield Carindale was 99.9% as at 30 June 2026
• Property independently valued at $1,628 million (CDP share: $814 million), up 3.3%

What else do investors need to know?

The Trust completed 72 leasing deals during the year, including the addition of 30 new merchants, which contributed to the high occupancy rate. Net tangible assets sat at $7.20 per unit at the end of June 2026.

Gearing was a moderate 25.3%, and 83% of the Trust’s interest rate exposure is hedged at an average base rate of 3.3%. The final distribution of 14.9415 cents per unit will be paid to unitholders on 31 August 2026.

What did Carindale Property Trust management say?

Chief Executive Officer Elliott Rusanow said:

These results demonstrate the continued strength in operating performance, with our focus on providing customers with more reasons to visit.

The strength of the operating performance of Westfield Carindale reflects the initiatives and investment we have undertaken over recent years and underpins the Trust’s ability to continue to deliver sustainable distribution growth for unitholders.

What’s next for Carindale Property Trust?

Looking ahead, Carindale Property Trust expects to distribute 31.38 cents per unit in the year ending 30 June 2027, representing another 5.0% year-on-year growth, subject to no material change in the operating environment.

Management says the ongoing investments and high occupancy rates should help drive further performance, supporting its objective to deliver sustainable income growth to unitholders over the long term.

Carindale Property Trust share price snapshot

Over the past 12 months, Cardinale Property Trust shares have risen 5%, slightly outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Carindale Property Trust FY26: FFO jumps, distributions up 5% 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.

WiseTech Global Ltd (ASX: WTC) shares are heading north on Tuesday.

At the time of writing, the WiseTech share price is up 3.17% to $44.87.

Today’s rise continues what has been a strong turnaround over the past month, with the logistics software stock climbing around 50% over that period.

There is still a long way to go, though. WiseTech shares remain down around 35% since the start of 2026 and are trading more than 60% below their 52-week high of $115.75.

And investors have another development to digest today after the company announced a new appointment to its board.

Let’s dive right in!

WiseTech adds another independent director

WiseTech announced this morning that Tim Ebbeck will join the board as an independent non-executive director from 1 September.

He will also become chair of the Audit & Risk Committee and join the People & Remuneration Committee and Nomination Committee.

Ebbeck has spent much of his career in senior technology and finance roles. He has previously led Oracle Australia and New Zealand and SAP Australia and New Zealand, while also holding senior positions at NBN Co and ANZ Group Holdings Ltd (ASX: ANZ).

WiseTech chair Raelene Murphy said his experience across technology, financial management, and governance would further strengthen the board.

The appointment forms part of an ongoing board renewal program. Once Ebbeck joins, WiseTech will have 5 independent non-executive directors and 2 executive directors.

However, there is another part of today’s announcement that caught my attention.

An interesting AustralianSuper connection

As reported in The Australian, Ebbeck currently serves as a nominee non-executive director and senior adviser to AustralianSuper.

That connection stands out because AustralianSuper was previously one of WiseTech’s major shareholders before selling its entire $580 million stake in March 2025.

The super fund said at the time that it could not get “sufficient comfort” around WiseTech’s governance following several months of board and management upheaval.

AustralianSuper also wanted to see a sensible transition plan around founder Richard White’s role and said it could reconsider its position if circumstances changed.

There’s nothing in today’s announcement to suggest AustralianSuper is looking to buy back into WiseTech. Still, appointing one of its senior advisers to the board is noteworthy given the fund’s previous concerns.

WiseTech shares continue to recover

Today’s gain continues the recent recovery, although the past week has been far from quiet.

WiseTech shares fell 8.7% to $39.58 last Wednesday after the ACCC executed a search warrant at the company’s headquarters.

The warrant forms part of an investigation into alleged breaches of competition law relating to the supply of global logistics services and software. WiseTech said it intends to fully cooperate with the investigation, which remains ongoing.

Despite that setback, the shares have quickly recovered and are now trading above where they were before the announcement.

The rebound has been impressive, but investors still have plenty to weigh up.

Much of the attention now turns to WiseTech’s financial results, which are due to be released tomorrow.

The post Why WiseTech shares are pushing higher again on Tuesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The MyState Ltd (ASX: MYS) share price is in focus today after the company reported a strong FY26 result, highlighted by a 41.2% lift in underlying net profit after tax to $58.3 million and an improved earnings mix from higher-return businesses.

What did MyState report?

• Underlying NPAT up 41.2% to $58.3 million (up 22% pro forma)
• Statutory NPAT rose 58% to $56.2 million
• Total operating income climbed 37.1% to $255.9 million
• Core earnings jumped 43.9% to $85.8 million
• Final dividend of 12.5 cents per share, fully franked (full-year 24.5 cps, up 3.0 cps)
• Home loan book increased 5.8% to $13.6 billion; customer deposits grew 4.0% to $10.6 billion

What else do investors need to know?

MyState moved to a single banking licence in December 2025, streamlining operations and capital management. Integration of its acquisitions delivered $11.8 million in run-rate synergies so far, and the company remains confident of reaching its synergy targets by FY28.

Management raised integration investment slightly to support a new AI-enabled core banking platform, aiming to drive ongoing efficiency, flexibility, and growth. Asset quality was strong, with 90-day home loan arrears improving from 0.44% to 0.32%. The group remains well-capitalised for future investments.

What did MyState management say?

Managing Director and CEO Brett Morgan said:

FY26 is our first full-year as a merged Group and I’m very proud of the way the team has come together, executed on our key priorities with discipline, delivered strong financial outcomes and continued serving our customers with care and commitment. I’m very pleased with our financial performance, with Underlying NPAT increasing 41%. We are seeing clear benefits from scale, reflected in strong income growth, disciplined cost management and an increasing contribution from higher-returning businesses. Together, these factors have improved the quality, sustainability and resilience of our earnings.

What’s next for MyState?

Looking ahead, MyState will continue to focus on integrating its businesses and rolling out its new banking technology platform. Management expects further efficiencies from consolidating systems and operating as a single retail brand, supporting long-term growth.

The company’s strong capital position and diversified earnings base put it in a good spot to keep executing on its strategy. Shareholders can expect ongoing focus on cost control, digital transformation, and delivering long-term value.

MyState share price snapshot

Over the past 12 months, MyState shares have risen 16%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post MyState FY26 earnings: Strong profit growth and integration wins 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.