• Achieved Net Zero Target on 1 July 2025
• Established new funds and expanded funds management business
• Maintained strong direct portfolio performance with 94% occupancy and 5.6 year WALE

Growthpoint Properties Australia (Growthpoint) has announced its financial results for the 12 months ended 30 June 2025 (FY25). The company delivered on its earnings and distributions guidance, with funds from operations (FFO) of $176.0 million and ordinary distributions of 18.2 cents per security. Growthpoint also reported a statutory net loss of $124.6 million, largely driven by devaluations on investment properties. The company's net tangible assets (NTA) per security stood at $3.09, and its gearing was reduced to 39.7% from 40.2% as at 30 June 2024. In FY25, Growthpoint created $328.1 million of new assets under management (AUM) in its funds management business, with over 45% from new investors. The company also raised $169.9 million in gross equity in the unlisted funds business and increased funds management revenue by 20.0% on FY24. Growthpoint's directly held office and industrial portfolios delivered strong operational performance, with 94% occupancy and a 5.6 year weighted average lease expiry. The company also achieved its Net Zero Target on 1 July 2025, a significant milestone, and further enhanced its sustainability credentials with a GRESB score of 85. Looking ahead, Growthpoint has reiterated its strategy to actively manage its portfolio of directly owned, high-quality real estate assets and generate growth through funds management. The company has provided FY26 FFO guidance of 22.8 - 23.6 cents per security and FY26 distribution guidance of 18.4 cents per security.

FY26 FFO guidance of 22.8 - 23.6 cents per security and FY26 distribution guidance of 18.4 cents per security. No acquisitions or disposals of direct investment properties are assumed in providing this guidance.

Growthpoint expects a supportive operating environment, with inflation returning to the RBA's target band and interest rates expected to be cut further. The company will continue to pursue growth through funds management, focused on its core sectors of office, industrial, and retail, while actively managing near-term fund maturities. Leasing remains a key focus in FY26, targeting current vacancies and key expiries across FY26 and FY27.