Latest Garda Property (ASX:GDF) News

Garda Property Group has reported a modest increase in the valuation of its industrial property portfolio, lifting the total to over $521 million ahead of its FY25 annual report.

Garda Property Group has announced a quarterly distribution of AUD 0.018 per security, combining an ordinary and a special fully franked dividend, reflecting strong capital outcomes from FY24.

Garda Property Group has upgraded its FY25 Funds from Operations guidance by 12%, maintaining distributions while preparing for the North Lakes sale settlement in August 2025. The sale proceeds will significantly reduce gearing, with capital gains tax implications deferred to FY26.

Garda Property Group has reaffirmed its FY25 income return at 7.2 cents per security and upgraded its distribution payout ratio to 95% of FFO. The group plans to sell its North Lakes industrial site for $114 million and is marketing its Cairns Corporate Tower, aiming to reduce gearing and reposition as a focused industrial REIT.

Garda Property Group reported a net loss of $10.19 million for the half-year ended December 31, 2024, yet maintained its interim dividend, signaling resilience amid asset value declines.