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Growthpoint Properties Australia ( (AU:GOZ) ) just unveiled an update.
Growthpoint Properties Australia reported first-half 2026 funds from operations of $91.9 million and a statutory net profit of $62.6 million, reversing last year’s loss as property devaluations eased and net tangible assets held steady at $3.10 per security. The company slightly upgraded full-year FFO guidance to 23.0–23.6 cents per security and kept its distribution forecast at 18.4 cents, while gearing rose within target to support growth in assets under management.
Operationally, Growthpoint is on track for record office leasing, lifting office occupancy to 94% and maintaining industrial occupancy at 98%, which has materially de-risked near-term lease expiries and underpinned income visibility through FY29. The group added $124.9 million in new third-party assets under management via its logistics partnership and a new Macquarie Park trust focused on life sciences, medical and technology tenants, while continuing to recycle capital and achieving its net zero target for operational emissions, reinforcing its positioning as a resilient, actively managed landlord in a stabilising commercial property market.
The most recent analyst rating on (AU:GOZ) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.
More about Growthpoint Properties Australia
Growthpoint Properties Australia is an ASX-listed real estate investment trust focused on owning, managing and developing high-quality office and industrial properties across Australia. The company also operates a funds management platform, including logistics and specialist office partnerships, targeting income-driven returns from institutional-grade assets in key metropolitan markets.
Average Trading Volume: 523,834
Technical Sentiment Signal: Sell
Current Market Cap: A$1.71B
Find detailed analytics on GOZ stock on TipRanks’ Stock Analysis page.