Latest Real Estate News

Vicinity Centres faces uncertainty over four David Jones stores after the retailer entered administration and receivership, with $2.2 million in unpaid rent and no bank guarantees supporting the leases. The property group says its FY27 earnings guidance is now under review.

David Jones’ administration and receivership has placed four Vicinity Centres stores, $2.2 million of unpaid rent and FY27 earnings guidance in question. The properties generate approximately $34 million, or 2.4%, of Vicinity’s portfolio gross rental income, but the eventual financial impact remains unclear.

GDI Property Group enters FY27 with full occupancy at its flagship Perth offices, a 25% lift in Funds From Operations and a plan to sell more than $100 million of non-core assets. Management is also targeting another 5.0 cents per security distribution, while warning that it may be paid partly or wholly from capital.

Host Hotels delivered an 8.8% rise in comparable hotel RevPAR and lifted its 2026 growth targets, despite a sharp quarterly fall in GAAP net income. Two acquisitions and a cheaper, longer-dated credit facility add a second layer to the lodging REIT’s expansion story.

Desane Group Holdings (ASX:DGH) is entering FY27 with a $105.9 million asset base, conservative gearing and two developments expected to drive its next phase of earnings. The challenge is converting that balance-sheet strength into recurring income while navigating construction costs, funding risk and a chairman transition.

Scentre Group has reaffirmed its 2026 earnings and distribution targets after reporting higher customer traffic, stronger business partner sales and record-level occupancy across its Westfield portfolio. The update also puts a number on the group’s exposure to David Jones and details fresh debt funding and asset recycling.

Scentre Group has reaffirmed its 2026 funds-from-operations and distribution targets after reporting stronger visitation, sales and leasing metrics across its Westfield portfolio. Exposure to David Jones remains material in floor space but limited in earnings terms, with rent paid through September.

Goodman Group is targeting 9% growth in FY27 operating EPS as its global development pipeline expands amid tight power, land and planning constraints. The group’s work in progress reached $19.7 billion, with data centres accounting for 79% of the total.

Arena REIT has set FY2027 distribution guidance at 20.0 cents per security, a 3.9% increase on FY2026, as it reports further progress in reshaping its Edge Early Learning exposure. The guidance remains conditional on approvals, lease consents and stable operating conditions.

UDR lifted its full-year 2026 guidance after third-quarter FFO as Adjusted met expectations, while a new US$2 billion Apollo partnership released US$1.34 billion of equity capital. The apartment REIT is also accelerating share buybacks and asset sales as same-store growth remains modest but occupancy stays high.

SBA Communications delivered modest site-leasing growth in the third quarter, but AFFO fell 5% and the company lowered parts of its 2026 outlook. The tower owner is also withdrawing from Chile, Ecuador and potentially Peru while committing US$300 million to share buybacks.

Healthpeak has raised its 2026 adjusted FFO and same-store NOI guidance after a quarter of strong senior housing growth, leasing activity and portfolio expansion. The uplift comes with a lower GAAP earnings outlook, reflecting depreciation from newly acquired senior housing assets.