Growthpoint 1H distributable income/share 0.757 rand

Growthpoint Properties Australia reported a distributable income per share of 0.757 rand for the first half of the fiscal year, exceeding expectations and reflecting strong operational performance. The company declared a distribution of 9.2 cents per stapled security for the half-year to 31 December 2025, payable on 27 February 2026, with detailed tax components outlined for foreign investors. This distribution aligns with guidance and underscores the REIT’s focus on maintaining consistent returns for stakeholders.

Operational metrics highlighted in the results include a rise in occupancy rates for directly held office and industrial portfolios, reaching 94% and 98%, respectively. Growthpoint completed significant leasing activity, with 30,068 square metres of office leasing and 62,566 square metres in industrial assets, driven by tenant expansions and relocations. The company also reduced forward expiries in its office portfolio to 3% pro forma, contributing to updated FY26 earnings guidance of 23.0–23.6 cents per security.

Funds from Operations (FFO) for the period reached $91.9 million, or 12.2 cents per security, a 3.4% increase from the prior period. CEO Ross Lees emphasized the de-risking of forward expiries and structural market dynamics, such as limited office supply and elevated economic rents, as tailwinds for future rental growth. The results reinforce Growthpoint’s position as a resilient player in Australia’s commercial real estate sector, with a focus on sustainability and active asset management.

According to 1H26 results: Growthpoint’s 1H26 distributable income per share.
Distribution details and tax components: Distribution details and tax components for foreign investors.
1H26 results, including leasing activity: 1H26 results, including leasing activity, occupancy rates, and guidance updates.