Growthpoint Properties Australia Reports Portfolio Occupancy Increase; Appoints Chief Investment Officer; Affirms Fiscal Year 2026 Outlook
Growthpoint Properties Australia (ASX:GOZ) said its directly held portfolio occupancy increased to 96% as of May 31 with a weighted average lease expiry of 5.7 years, according to a Wednesday filing with the Australian bourse.The results reflect an increase in office occupancy to 95% from 94% at the end of 2025, partially offset by a fall in industrial portfolio occupancy to 97% from 98%, per the filing.The company appointed Nathan Thomas as chief investment officer, starting in July. Thomas has more than 15 years of experience in real estate principal investing and investment banking, including positions at Jarden, Morgan Stanley, and Macquarie.Growthpoint also reaffirmed its fiscal year 2026 funds from operations guidance of AU$0.23 to AU$0.236 per security, and distribution guidance of AU$0.184 per security.
