Key points
- FFO increased 25.0% to $44.5 million
- Net tangible assets per security rose to $1.21
- Completed significant property sales and leasing achievements
Full summary
GDI Property Group has announced its financial results for the year ended 30 June 2026. The company reported a 25% increase in Funds From Operations (FFO) to $44.5 million, with FFO per security rising to 8.24 cents. Net tangible assets (NTA) per security increased by $0.01 to $1.21. The company completed the sell-down of the Autoleague portfolio and sold 5 and 15 Wood Street, Bassendean for a significant premium. GDI leased over 20,937sqm of lettable area, achieving 90% occupancy. The Co-living JV expanded with new acquisitions in Moranbah and Norseman. GDI also reduced drawn debt on its Syndicated Facility by $21.0 million and increased the facility size by $25.0 million.
Guidance
FFO increased 25% to $44.5 million, NTA per security rose to $1.21, revenue decreased 6.4% to $77.0 million
Outlook
GDI plans to focus on Stage 1A of the Mill Green Development, leasing remaining assets, and exploring acquisition opportunities. The company aims to maintain a distribution of 5.0 cents per security for FY27.