Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — H1 2026 Earnings Presentation
30 slides from Growthpoint Properties Australia's earnings presentation, Feb 25, 2026
Slide 1: 1H26 Interim results
1H26 Interim results Growthpoint Properties Australia | ASX: GOZ – 25 February 2026
Slide 2: Agenda
Agenda Direct portfolio: 27-49 Lenore Drive, Erskine Park, NSW Introduction Financial Direct & highlights performance portfolio 3 7 10 Funds Priorities Supplementary management & outlook information 16 19 24 Acknowledgement of Country Growthpoint Properties Australia acknowledges the Traditional Cus
Slide 3: Creating value beyond real estate
Creating value beyond real estate Committed to genuine partnerships and actively managing high quality assets, Growthpoint’s success is driven by our exceptional team, customer focus, and strategic capital management Direct ownership of Genuine, long-standing A focused, passionate and Opportunity fo
Slide 4: 1H26 interim results
1H26 interim results Period defined by active leasing, leading to increased occupancy along with the delivery of new AUM Group Direct Funds FY26 financial metrics property portfolio management guidance FFO Distributions Portfolio Assets under FFO guidance occupancy management (AUM) update5 12.2cps 9
Slide 5: 1H26 strategic highlights
1H26 strategic highlights Focused strategic execution has increased direct office occupancy to 94%, substantially de-risked near-term direct portfolio expiries, and generated new AUM Portfolio Grow Efficient allocation Sustainable performance of capital future proofing FY26 → Further co-investments
Slide 6: Sustainable future proofing
Sustainable future proofing Growthpoint’s commitment to sustainability beyond net zero has seen ongoing improvement in key climate related ratings and delivered margin discount on sustainability linked loans Climate performance Stakeholders Industry memberships Ave. NABERS 2025 2025 Employee Energy
Slide 7: Financial performance
Financial performance Direct portfolio: 100 Melbourne Street, South Brisbane, QLD
Slide 8: 1H26 financial results
1H26 financial results Significant leasing activities delivered strong like-for-like property FFO growth Components of FFO 1H26 1H25 % change Property FFO $m 143.6 141.7 1.3 Like-for-like Property FFO4 up 5.9% (Office 7.0%, Funds management revenue $m 4.3 5.9 (27.1) Industrial 3.3%), offset by the i
Slide 9: Capital management
Capital management Group debt maturity profile ($m) as at 31 December 2025 Balanced capital management supporting SLL revolving debt 1H27 $100m term loan strategic objectives Term Loan USPP to be repaid Undrawn SLL revolving debt with FY30 514 Proforma SLL revolving debt undrawn SLL 470 7 470 GMPT -
Slide 10: Direct portfolio
Direct portfolio Direct portfolio: 3 Maker Place, Truganina, VIC
Slide 11: Direct portfolio snapshot
Direct portfolio snapshot Growthpoint’s direct portfolio of modern office and industrial assets is geographically diversified with high occupancy and high-quality tenants, underpinning income-driven returns Direct portfolio sectors by value Weighted average lease expiry Major tenants By total portfo
Slide 12: Direct portfolio valuations
Direct portfolio valuations Direct portfolio – WACR WACR Industrial WACR Office WACR GOZ Valuations have continued to stabilise as capitalisation rates have remained largely steady over the first half 7.04% Office Industrial 6.69% Portfolio Net Portfolio Net 6.07% value valuation change1 value valua
Slide 13: Direct office property portfolio
Direct office property portfolio 1H26 office leasing Leasing completed Active management and positive leasing momentum through 1H26 has driven like-for-like office property FFO growth of 7.0%1 30,068 sqm, 30 leases 7.7% of direct office portfolio income • On track for record full year office leasing
Slide 14: Direct industrial property portfolio
Direct industrial property portfolio 1H26 industrial leasing Leasing completed Industrial portfolio positioned to deliver income-driven returns with minimal vacancies and forward expiries 62,566 sqm, 6 leases 12.4% of direct industrial portfolio income • Asset quality, combined with proactive Indust
Slide 15: Partnering with tenants
Partnering with tenants Leveraging our tenant advantage to grow with customer partners, and drive occupancy through tenancy upgrades, expansions and changing locations Renewal Renewal New customer New lease / existing customer New lease / existing customer 29,476 sqm / 5.0 yrs 15,291 sqm / 5.0 yrs 1
Slide 16: Funds management
Funds management Third-party portfolio: 78 Waterloo Road, Macquarie Park, NSW
Slide 17: Funds management snapshot
Funds management snapshot Growthpoint’s scalable funds management platform is positioned to generate growth, by leveraging sector expertise and in-house capabilities to deliver for institutional and syndicate investors Funds primary sector by value Property fund Queen Street Trust Canberra Office Ma
Slide 18: Funds management highlights
Funds management highlights New fund Growthpoint Macquarie Park Trust (GMPT) Generating new AUM through partnership expansion, AUM $101m1 fund establishment and delivering liquidity to fund Wholesale investment in an A-Grade office asset located investors in NSW’s largest metro market • Created $125
Slide 19: Priorities & outlook
Priorities & outlook Direct portfolio: 5 Murray Rose Avenue, Sydney Olympic Park, NSW
Slide 20: Growthpoint's purpose, vision and strategy
Growthpoint’s purpose, vision and strategy Our purpose Our vision creating value To create sustainable value in everything we do, beyond real estate by being the forward-thinking, trusted partner of choice Our strategy Deliver growth through funds partnerships, underpinned by income-driven returns f
Slide 21: Market dynamics
Growthpoint’s sectors return to Market dynamics positive territory Rents now driving growth with capitalisation rates Ongoing constrained supply is expected to lead to rental largely stable and capital growth across Growthpoint’s markets Office 5% Current rents vs. economic rents Net supply in non-C
Slide 22: Strategic priorities
Strategic priorities Continued focus on leasing success, driving portfolio performance and income-driven returns and growing funds management Portfolio Grow Efficient allocation Sustainable performance of capital future proofing Continuous improvement of Funds transactions within office, Further co-
Slide 23: FY26 priorities, guidance & outlook
FY26 priorities, guidance & outlook New supply is expected to remain constrained, while strong inbound migration and a tight labour market underpin long-term demand for office, industrial and retail space • Capitalise on positive office leasing momentum – customer-focused, FY26 FFO active management
Slide 24: Supplementary information
Supplementary information Direct portfolio: 75 Annandale Road, Melbourne Airport, VIC
Slide 25: Summary financials
Summary financials 1H26 1H25 Change % Change 1H26 1H25 Change % Change NPI1 $m 120.7 119.9 0.8 0.7 Office FFO $m 100.8 94.6 6.2 6.6 Like-for-like Property FFO2 $m 140.9 133.1 7.8 5.9 Industrial FFO $m 41.7 45.1 (3.4) (7.5) Fund management revenue $m 4.3 5.9 (1.6) (27.1) Distributions from securities
Slide 26: Reconciliations to FFO
Reconciliations to FFO Profit after tax to FFO 1H26 1H25 Change Change Operating cash flow to FFO 1H26 1H25 Change $m $m $m % $m $m $m Profit / (loss) after tax 62.6 (98.7) 161.3 163.4 Operating cashflow 72.4 55.6 16.8 Adjustment for non-FFO items: Lease incentives and leasing costs 19.8 33.5 (13.7)
Slide 27: Financial position
Financial position 31-Dec-25 30-Jun-25 Fixed rate profile $m $m Assets Average fixed debt, A$m We ighted average fixed rate Cash and cash equivalents 75.7 49.9 Investment properties 4,260.8 4,159.3 1,600 4.000% Investment in securities and equity accounted investments 41.6 37.4 3.48% Intangible asse
Slide 28: Key market metrics
Key market metrics % of GOZ Prime Average face rent Average Average core Market portfolio vacancy per sqm / p.a. incentives market yield Office markets Adelaide – CBD - 13.4% $639 gross 39% 6.75% - 8.75% Brisbane – CBD - 9.7% $1,047 gross 39% 6.13% - 8.25% Melbourne – CBD - 18.2% $723 net 48% 5.88%
Slide 29: Glossary
Glossary Term Definition A-REIT Australian Real Estate Investment Trust ASX Australian Securities Exchange AUM Assets under management FFO Funds from operations Gearing Interest bearing liabilities less FX movements relating to USPP and cash divided by total assets less finance lease assets less FX
Slide 30: Contact us
Contact us Alix Holston Computershare Head of Corporate Affairs and Investor Relations 1300 665 792 (within Australia) +61 418 312 837 +61 (3) 9415 4366 (outside Australia) investor.relations@growthpoint.com.au webqueries@computershare.com.au creating value beyond real estate Melbourne Sydney Brisba
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