Australia · Delayed Price · Currency is AUD GDI Property Group Earnings Call Transcripts
Fiscal Year 2026
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FFO rose 25% to AUD 44.5 million, driven by strong leasing, asset sales, and Co-living growth. Portfolio occupancy reached 90%, gearing dropped to 33%, and a 5% buyback was announced. Perth office market remains robust with no new supply expected for 2–3 years.
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FFO rose 29.1% with strong leasing and asset sales, while NTA held at AUD 1.20. Perth office market is tightening, supporting rental growth and future distributions, with co-living and asset revaluations boosting returns.
Fiscal Year 2025
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Leasing momentum and asset recycling drove a 20% FFO increase and higher property values. Office and car park segments saw strong occupancy and revenue, while disciplined capital management and a robust Perth market underpin a positive FY 2026 outlook.
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Leasing success drove a 26% FFO increase and stable NTA, with strong asset valuations and ongoing non-core asset sales at a premium. Perth's office market outlook is positive, with low supply and robust demand supporting rental growth.
Fiscal Year 2024
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Leasing momentum drove strong FFO growth, with major renewals and high occupancy across core assets. Distribution guidance is maintained for FY 2025, and the co-living JV outperformed expectations. Portfolio remains well-hedged and positioned for further growth.