• Focused strategic execution increased direct office occupancy to 94% and generated new AUM
• Significant leasing activities delivered strong like-for-like property FFO growth
• Balanced capital management supported strategic objectives and new AUM

Growthpoint Properties Australia reported a strong set of 1H26 results, driven by focused strategic execution. Key highlights include increased direct office occupancy to 94%, substantial de-risking of near-term direct portfolio expiries, and the generation of $125m in new AUM. The company's leasing activities delivered 5.9% like-for-like property FFO growth, offset by the impact of divestments during FY25. Funds management revenue decreased due to lower acquisition fees, while net finance costs reduced largely due to asset divestments. Growthpoint maintained a balanced capital management approach, negotiating $100m in new bank facilities and leveraging the balance sheet to facilitate the establishment of the new Growthpoint Macquarie Park Trust. The company continued to progress its sustainability agenda, achieving its Net Zero Target on 1 July 2025 and maintaining high NABERS and GRESB ratings. Looking ahead, Growthpoint outlined its FY26 priorities, which include a focus on leasing, targeted capital expenditure, funds management activities, and further progress on its sustainable future initiatives.

Growthpoint provided FFO guidance for FY26 of 23.0 - 23.6 cps, reflecting the impact of lease and fund expiries affecting 2H26.