Growthpoint market update and 1Q26 trading
| Stock | Growthpoint Properties Australia (GOZ.ASX) |
|---|---|
| Release Time | 6 Nov 2025, 8:22 a.m. |
| Price Sensitive | Yes |
Growthpoint provides market update and 1Q26 trading
- Delivered resilient portfolio performance with 5.6 years WALE and 94% occupancy
- Completed significant office and industrial leasing, reflecting solid demand and customer focus
- Expanded Growthpoint Australia Logistics Partnership with new $24 million industrial asset acquisition
Growthpoint Properties Australia (Growthpoint) has provided a market update, including its performance for the three months to 30 September 2025 (1Q26). Growthpoint CEO and Managing Director, Ross Lees, stated that the company has continued the focused execution of its strategy, delivering clear results aligned to its strategic pillars. The company's portfolio performance has driven a resilient direct portfolio weighted average lease expiry (WALE) of 5.6 years and high occupancy of 94%. Growthpoint has completed significant leasing, with 16,094 sqm of office leasing (3.4% of office portfolio income) increasing occupancy to 93% and maintaining a WALE of 5.5 years, and 34,345 sqm of industrial leasing (8.3% of industrial portfolio income) maintaining occupancy at 98% and WALE at 5.8 years. The company has also grown the Growthpoint Australia Logistics Partnership with the exchange of a contract for the purchase of a $24 million industrial asset in Bundamba, Queensland. Growthpoint's sustainability focus has seen its GRESB score maintained at 85. The company has maintained its funds from operations (FFO) guidance for the twelve months to 30 June 2026 (FY26) at 22.8 - 23.6 cents per security (cps) and its FY26 distribution guidance at 18.4 cps.
Growthpoint has maintained its FY26 FFO guidance at 22.8 - 23.6 cps and its FY26 distribution guidance at 18.4 cps.
Growthpoint reaffirms its FY26 FFO guidance of 22.8 - 23.6 cps and distribution guidance of 18.4 cps.