Growthpoint trading update - continues leasing momentum
| Stock | Growthpoint Properties Australia (GOZ.ASX) |
|---|---|
| Release Time | 17 Jun 2026, 8:20 a.m. |
| Price Sensitive | Yes |
Growthpoint Continues Leasing Momentum, Maintains FY26 Guidance
- Portfolio occupancy increased to 96% with a WALE of 5.7 years
- $495.0 million of debt refinanced and $16.7 million asset divestment
- Nathan Thomas appointed as Chief Investment Officer
- FY26 FFO guidance reaffirmed at 23.0 - 23.6 cents per security
- FY26 distribution guidance maintained at 18.4 cents per security
Growthpoint Properties Australia (ASX: GOZ) continues to demonstrate strong leasing momentum, reporting directly held portfolio occupancy of 96% and a weighted average lease expiry (WALE) of 5.7 years as at 31 May 2026. The company has executed 54,721 sqm of directly held office leasing in FY26 to date and remains on track for a record year, with terms agreed on a further 27,602 sqm. Growthpoint has also refinanced $495.0 million of debt, including extending $220.0 million of FY28 debt into FY29 and FY30, and completed the divestment of 3, 5 and 7A Viola Place, Brisbane Airport, Queensland for $16.7 million. Nathan Thomas has been appointed as Chief Investment Officer, effective July 2026. Growthpoint reaffirms its FY26 FFO guidance of 23.0 - 23.6 cents per security and distribution guidance of 18.4 cents per security.
FY26 FFO guidance reaffirmed at 23.0 - 23.6 cents per security, FY26 distribution guidance maintained at 18.4 cents per security
Growthpoint remains on track to deliver its full year guidance, supported by continued leasing execution despite geopolitical volatility.