Growthpoint Properties posts $125 million full-year loss
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The news: Growthpoint Properties Australia’s financial year 2025 net statutory loss was significantly smaller than the loss posted in the previous year. The loss was largely driven by devaluations on investment properties.
The numbers: Growthpoint’s loss after tax came in at $124.6 million, 58.2% less than the $298.2 million loss reported in FY24. Funds from operations came in at $176 million, lower than the previous year’s $180.4 million, or 23.3 cents per security.
Distributions per security were 18.2 cents per share plus a one-off distribution of 2.1 cents per security. Last year distributions per security were 19.3 cents per security.
The market consensus estimate for the loss after tax, according to Visible Alpha, was $22.3 million. For funds from operations it was $172.1 million and for the final dividend it was 20.3 cents per security.
For FY26, Growthpoints is guiding funds from operations per share of 22.8 to 2.36 cents per share and distributions of 18.4 cents per share.
The context: Growthpoint faced a net decrease in assets under management of $186 million.
Its direct office portfolio value dropped from $2.8 billion to $2.6 billion, due to revaluations, while its direct industrial portfolio value dropped $1.6 billion to $1.5 billion due to asset divestment.
The source: ASX
