Growthpoint continues leasing momentum

Growthpoint continues leasing momentum and remains on track for record office leasing

Growthpoint CEO and Managing Director, Ross Lees said, “Our focus on delivering for tenants has sustained leasing momentum from the first half. We have executed 54,721 sqm of directly held office leasing in FY26 to date and remain on track for a record year, with terms agreed on a further 27,602 sqm.”

Highlights¹

• Delivered portfolio performance: directly held portfolio occupancy increased to 96%, with a WALE of 5.7 years²
• Active capital management: $495.0 million of debt refinanced and a $16.7 million divestment
• Leadership strengthened: Nathan Thomas appointed Chief Investment Officer
• Funds from operations (FFO) guidance for the twelve months to 30 June 2026 (FY26) reaffirmed at 23.0 - 23.6 cents per security (cps) and FY26 distribution guidance maintained at 18.4 cps³

Mr Lees said, “After a strong start to FY26, we remain on track to deliver our full year guidance, supported by continued leasing execution despite geopolitical volatility.

“While tenant decision-making has slowed and inflation and funding cost pressures persist, leasing outcomes to date have enhanced the stability of our portfolio and position us well to navigate the current environment,” he added.

For more information read the full ASX Announcement

1. All leasing, WALE, and occupancy data as at 31 May 2026, proforma for the lease to Myer signed in June 2026. The asset held by the Growthpoint Macquarie Park Trust (GMPT) is excluded from the direct portfolio metrics.

2. WALE is weighted average lease expiry. The directly held office portfolio WALE is 5.8 years and the directly held industrial portfolio WALE is 5.6 years.

3. No further acquisitions or disposals of direct investment properties are assumed in providing this guidance. This guidance is subject to no material changes to the operating environment, no significant market movements or unforeseen circumstances occurring during the remainder of the financial year. The target distribution payout ratio is 75-85% of FFO.