Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — FY2026 Earnings Presentation
35 slides from Growthpoint Properties Australia's earnings presentation, Aug 17, 2026
Slide 1: FY26 annual results
FY26 annual results Growthpoint Properties Australia | ASX:GOZ – 17 August 2026
Slide 2: Agenda
Agenda Direct portfolio: 100 Skyring Terrace, Newstead, QLD Introduction Financial Direct & highlights performance portfolio 3 7 12 Funds Priorities Supplementary management & outlook information 18 21 27 Acknowledgement of Country Growthpoint Properties Australia acknowledges the Ross Lees Melinda
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: FY26 performance
FY26 performance Disciplined execution against a volatile macroeconomic environment delivered FFO at the upper end of guidance and above FY25 Group Direct Funds FY27 financial metrics property portfolio management guidance FFO Distributions Portfolio Assets under FFO occupancy management (AUM) guida
Slide 5: FY26 strategic highlights
FY26 strategic highlights De-risked near-term direct portfolio expiries and increased direct portfolio occupancy to 96%, and generated new AUM Portfolio Grow Efficient allocation Sustainable performance with partners of capital future proofing FY26 → Further co-investments to align with → Continuous
Slide 6: Sustainable future proofing
Sustainable future proofing Growthpoint's sustainability focus has increased environmental ratings, and delivered measurable commercial value Climate performance Stakeholders Industry memberships Ave. NABERS 2025 GRESB score 2026 Employee engagement score2 Energy rating 85/100 76% 5.3 stars Five per
Slide 7: Financial performance
Financial performance Direct portfolio: 20 Colquhoun Road, Perth Airport, WA
Slide 8: FY26 financial results
FY26 financial results Significant leasing activity delivered like for like property FFO growth Components of FFO FY26 FY25 change Property FFO $m 289.4 284.3 1.8% Like for like property FFO up 2.6% (office 2.7%, Like for like property FFO1 $m 278.4 271.2 2.6% industrial 2.6%) Funds management reven
Slide 9: Capital recycling
Capital recycling Strategic asset sales facilitate reinvestment into growth opportunities and repayment of debt DEXUS Industria Six directly held 3 Millenium Court, 3, 5 and 7A Viola Pl, Woolworths DC, REIT (DXI) industrial assets Knoxfield, VIC Brisbane Airport, QLD Perth Airport, WA $132m $198m $2
Slide 10: Capital management
Capital management Group debt maturity profile ($m) as at 30 June 20263 Balanced capital management extended debt Undrawn SLL revolving debt 595 USPP maturities and supported strategic execution Term Loan 514 495 SLL revolving debt 243 100 239 • Available liquidity to cover all FY27 maturities 230 2
Slide 11: Direct portfolio valuations
Direct portfolio valuations Market rent increase achieved 12 month WACR per state (vs. 30-Jun-25) Valuations remained stable as rental growth largely offset modest capitalisation rate expansion 8.0% 7.14% 7.03% 7.04% Office Industrial 6.81% 5.2% 6.69% 6.71% 5.0% Portfolio value Portfolio value 4.2%
Slide 12: Direct portfolio
Direct portfolio Direct portfolio: 120 Link Road, Melbourne Airport, VIC
Slide 13: Direct portfolio snapshot
Direct portfolio snapshot Growthpoint’s direct portfolio has high occupancy, high-quality tenants, and a stable expiry profile, underpinning income-driven returns Major tenants Direct portfolio sectors by value Weighted average lease expiry By total portfolio income By total portfolio income Industr
Slide 14: Direct office property portfolio
Direct office property portfolio FY26 office leasing Leasing completed Active management and partnering with tenants delivered 81,022 sqm, 48 leases record office leasing and like for like office property FFO 22% of direct office portfolio income growth of 2.7%1 Average WARR4 Average gross Leasing O
Slide 15: Partnering with new and existing high-calibre office tenants
Partnering with new and existing high-calibre office tenants Leveraging our tenant advantage to grow with new and existing customers, driving occupancy through new leasing, expansions, and relocations New tenants in FY26 Existing tenant renewals or relocations Existing portfolio tenants 13,679 sqm 1
Slide 16: Direct industrial property portfolio
Direct industrial property portfolio FY26 industrial leasing Leasing completed Active leasing has defensively positioned the industrial portfolio to deliver income-driven returns with minimal 117,934 sqm, 11 leases 24% of direct industrial portfolio income vacancies and forward expiries Average WARR
Slide 17: Partnering with new and existing high-calibre industrial tenants
Partnering with new and existing high-calibre industrial tenants Leveraging our tenant advantage to grow with new and existing customers, driving occupancy through new leasing, expansions, and relocations New tenants in FY26 Existing tenant renewals or relocations Existing portfolio tenants QANTAS 1
Slide 18: Funds management
Funds management Third-party portfolio: 307 Queen Street, Brisbane, QLD
Slide 19: Funds management snapshot
Funds management snapshot Positioned for growth, leveraging sector expertise and in-house capabilities to deliver for institutional and wholesale investors Funds primary sector by value $71.9m co-investment by sector by value Office Industrial 67% 28% Office – 32% Industrial – 24% Retail – 44% Retai
Slide 20: Funds management highlights
Funds management highlights Disciplined, long-term focused approach to through-cycle growth • Created $125m new AUM1 against geopolitical and interest rate volatility Targeting growth through new and Target – Expanded GALP with the acquisition of a asset sizes: $24m industrial asset in Bundamba, QLD
Slide 21: Priorities & outlook
Priorities & outlook Direct portfolio: 3 Murray Rose Avenue, Sydney Olympic Park, NSW
Slide 22: 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 23: Market dynamics
Market dynamics Attractive fundamentals with strong demand drivers, forecast reduction in supply and rising rents, driving appeal for existing well-located assets Employment growth Net office supply Industrial effective rent growth Record employment (+2.5m to 14.8m) since Jul-20 Net supply forecast
Slide 24: Growthpoint's resilient office portfolio
Growthpoint’s resilient office portfolio Defensive tenancy profile is anticipated to be largely insulated from AI downsizing Growthpoint’s portfolio has consistently Predominantly head-office and government / public Minimal exposure to industries outperformed market occupancy service tenancies are w
Slide 25: Strategic priorities FY27 and beyond
Strategic priorities FY27 and beyond Continue to support income-driven returns through portfolio performance and grow funds management Portfolio Grow Efficient allocation Sustainable performance with partners of capital future proofing Focus on leasing, Maintain high sustainability Aligned co-invest
Slide 26: FY27 priorities & guidance
FY27 priorities & guidance Direct portfolio: 836 Wellington Street, West Perth, WA Growthpoint is well placed for FY27, with 96% occupancy, a reduced lease expiry profile, and available liquidity to cover all FY27 maturities • Ongoing operational focus on portfolio performance and on growing FY27 FF
Slide 27: Supplementary information
Supplementary information Direct portfolio: 27-49 Lenore Drive, Erskine Park, NSW
Slide 28: Summary financials
Summary financials FY26 FY25 Change % Change FY26 FY25 Change % Change NPI1 $m 242.2 241.2 1.0 0.4% Office FFO $m 203.7 194.4 9.3 4.8% Like for like Property FFO2 $m 278.4 271.2 7.1 2.6% Industrial FFO $m 83.8 86.8 (3.0) (3.5%) Fund management revenue $m 7.4 9.6 (2.2) (22.9%) Distributions from secu
Slide 29: Reconciliations to FFO
Reconciliations to FFO Profit / (loss) after tax to FFO FY26 FY25 Change Change Operating cash flow to FFO FY26 FY25 Change $m $m $m % $m $m $m Profit / (loss) after tax 90.1 (124.6) 214.7 172.3% Operating cashflow 147.3 112.1 35.2 Adjustment for non-FFO items: Lease incentives and leasing costs 42.
Slide 30: Financial position
Financial position 30-Jun-26 30-Jun-25 $m $m Assets Cash and cash equivalents 59.2 49.9 Investment properties 4,222.3 4,159.3 Investment in securities and equity accounted investments 38.8 37.4 Intangible assets 5.9 6.4 Other assets 64.3 72.2 Total assets 4,390.5 4,325.2 Liabilities Borrowings 1,834
Slide 31: Financial results – additional debt disclosures
Financial results – additional debt disclosures Average fixed rate exposures including interest rate collars $1,600m 4.0% $1,400m 3.5% $1,200m 3.0% $1,000m 2.5% $800m 2.0% $600m 1.5% $400m 1.0% $200m 0.5% $0m 0.0% FY26 FY27 FY28 FY29 FY30 FY31 Interest rate swaps Fixed rate debt Interest rate collar
Slide 32: 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 - 13.6% $664 gross 39% 7.00% - 9.00% Brisbane – CBD - 7.7% $1,114 gross 38% 6.00% - 8.25% Melbourne – CBD - 19.5% $745 net 48% 5.88%
Slide 33: Office occupancy dynamics
Office occupancy dynamics Legacy completions lifted office vacancy in 2H25; limited future supply and employment growth expected to reduce vacancy in future National office market1 31,000,000 Equilibrium market required for growth Vacancy: Vacancy: 8% vacancy Rule of thumb: 8% vacancy Vacancy: 29,00
Slide 34: 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 35: Contact us
Contact us Alix Holston Computershare Head of Corporate Affairs and Investor Relations 1300 665 792 (within Australia) +61 (3) 9415 4366 (outside Australia) +61 418 312 837 investor.relations@growthpoint.com.au webqueries@computershare.com.au creating value beyond real estate Melbourne Sydney Brisba
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