• Maintained high portfolio occupancy at 94% with WALE of 5.6 years
• Grew funds management business with $328 million of new AUM
• Executed $335 million of asset recycling and reduced gearing to 39.7%

Growthpoint Properties Australia (ASX: GOZ) released its FY25 results, reporting a strong operational and financial performance. The company maintained high portfolio occupancy at 94% with a weighted average lease expiry (WALE) of 5.6 years. The funds management business saw significant growth, with $328 million of new assets under management (AUM) added, including the $238 million Growthpoint Australia Logistics Partnership (GALP) and the $90 million Growthpoint Canberra Office Trust (GCOT). Growthpoint also executed $335 million of asset recycling, including the sale of six properties into GALP, the sale of 3 Millennium Court in Knoxfield, and the sale of its stake in Dexus Industria REIT. This asset recycling allowed the company to reduce its gearing to 39.7%. Growthpoint achieved its Net Zero Target on 1 July 2025 across its directly managed, operationally controlled office assets and corporate activities, and maintained high portfolio average NABERS ratings. The company also issued an additional $320 million of Sustainability Linked Loans, bringing the total to $1.3 billion or 67.7% of its loan book.

Growthpoint reported funds from operations (FFO) of 23.3 cents per security for FY25, which was above its initial guidance of 22.3-23.1 cents per security and its updated guidance of no less than 23.0 cents per security.