Key points
- Revenue from ordinary activities decreased by 6.4% to $77.0 million
- Net profit attributable to securityholders after tax decreased by 2.8% to $34.6 million
- Funds From Operations (FFO) increased by 25.0% to $44.5 million
- Distributions per security remained unchanged at 5.00 cents
- Total assets decreased by 5.8% to $1,094.8 million
Full summary
GDI Property Group's annual financial report for the year ended 30 June 2026 shows a slight decline in revenue from ordinary activities by 6.4% to $77.0 million and a decrease in net profit attributable to securityholders after tax by 2.8% to $34.6 million. However, Funds From Operations (FFO) increased by 25.0% to $44.5 million. The distribution per security remained unchanged at 5.00 cents, and the payout ratio decreased by 19.7% to 60.7%. Total assets decreased by 5.8% to $1,094.8 million, while total borrowings decreased by 11.1% to $352.9 million. The company's market capitalization decreased by 6.6% to $323.9 million, and the security price at 30 June decreased by 7.0% to $0.600.
Guidance
FY2026 revenue: $77.0 million, net profit: $34.6 million, FFO: $44.5 million
Outlook
GDI Property Group anticipates continued growth in Funds From Operations and stable distributions per security, despite challenges in revenue and net profit.