FFO fell 8.4% as investment property margins compressed 3.4pp
Revenue flat but operating profit down 3.8% and OCF down 15.4%, with HY26 FFO tracking below the pace needed to meet full-year guidance midpoint.
Published 21 April 2026
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Showing 1-7 of 7 published briefings.
Revenue flat but operating profit down 3.8% and OCF down 15.4%, with HY26 FFO tracking below the pace needed to meet full-year guidance midpoint.
Published 21 April 2026
Read briefingRevenue and operating cash flow both improved, yet free cash flow stayed at -$58.2m and the earnings recovery was almost entirely booked in the...
Published 22 April 2026
Read briefingOperational metrics (NPI +4.4%, FFO +7.4%) held up, but fair-value pressure and a capex-heavy build phase left free cash flow negative.
Published 22 April 2026
Read briefingRevaluation headwinds eased and revenue grew 13.3%, but a second-half profit reversal, weaker cash conversion and a step-up in gearing dominate...
Published 22 April 2026
Read briefingHeadline earnings recovered on a normalised tax charge and a smaller revaluation drag, yet cash conversion halved and pre-lease free cash flow...
Published 22 April 2026
Read briefingOperating profit rose 7.1% on 9.3% revenue growth, but a $294m pre-tax swing driven almost entirely in the second half reset the equity base.
Published 22 April 2026
Read briefingRent growth and flexible-space scale lifted operating cash, yet property fair-value movements and a capex surge pushed NPAT into a loss and...
Published 22 April 2026
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