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An update from WOTSO Property ( (AU:WOT) ) is now available.
WOTSO reported a strong second quarter of FY26 for its FlexSpace segment, opening three new sites—two in New Zealand and one in Australia—that expanded its footprint to 7,955 desks with 80% occupancy. The company’s combination of owned and leased locations underpins its growth strategy, enabling further regional penetration as demand for local coworking options increases and landlords increasingly select WOTSO as operator.
Quarterly revenue rose to $8.51 million, up 9% year on year, continuing a five-year trend that has seen Q2 revenue grow from $4.08 million in FY21 to $8.51 million in FY26, a 15.9% CAGR. Revenue per available desk stabilised at $357 as a greater proportion of start-up locations, especially in newer regions including New Zealand and Victoria, temper group averages during ramp-up, but management expects RevPAD to trend higher as these sites mature and occupancy strengthens.
The most recent analyst rating on (AU:WOT) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on WOTSO Property stock, see the AU:WOT Stock Forecast page.
More about WOTSO Property
WOTSO Property operates flexible workspace and coworking centres across Australia and New Zealand, offering desks, offices and virtual office services for businesses seeking locally embedded, flexible space solutions. The group runs a mix of owned and leased sites, using this dual model to scale its network while attracting landlords that want WOTSO to operate their buildings as coworking hubs.
Average Trading Volume: 7,019
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$82.49M
See more insights into WOT stock on TipRanks’ Stock Analysis page.