Growthpoint Properties Australia (GOZ) AGM 2026 summary

Opening remarks and agenda

• Concurrent company and trust meetings opened in Melbourne with a webcast and an Acknowledgement of Country; in-person holders could ask questions and vote, while webcast viewers could watch only.

• All resolutions were decided by poll, with Computershare as returning officer; voting cards were collected before the meeting closed at 10:28 a.m.

Financial performance review

• FY26 FFO was AUD 0.235 per security, at the upper end of guidance and above FY25; statutory NPAT was AUD 90.1m versus a FY25 statutory net loss of AUD 124.6m.

• FY26 NTA was AUD 3.05 per security versus AUD 3.09 at 30 June 2025; gearing was 41.6% and weighted average cost of debt was 5.1% p.a.

• Direct portfolio occupancy was 96%; office occupancy was 95%, office WALE was 6.3 years, and portfolio WALE was 6.1 years at 30 June 2026. Weighted average cap rate was 6.8%.

• Like-for-like property FFO rose 2.6% (office 2.7%, industrial 2.6%); leasing included 81,022 sqm of office and 117,934 sqm of industrial space. Industrial occupancy was 98%, with 34% positive releasing spreads.

• Total securityholder return was 1%; distributions offset the security-price decline, with a second consecutive year of outperformance versus the broader A-REIT market.

Board and executive committee updates

• Norbert Sasse retired from the board at the meeting’s conclusion after joining in 2009; José Snyders was to join from 1 December as a Growthpoint Properties Limited representative.

• Executive renewal included Nick Kost’s promotion to Group Executive Head of Property and the appointments of Melinda Ch’ng as CFO and Nathan Thomas as Chief Investment Officer.

• Andrew Fay and Tonianne Dwyer stood for re-election; directors recommended both resolutions, with each nominee abstaining on their own resolution.