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Gowing Bros’ FY2026 loss widened to $3.49 million as Surf Hardware International remained deeply loss-making and investment properties were marked down by $3.0 million. The ASX-listed investment company kept its fully franked final dividend at 3 cents per share, despite negative operating cash flow and lower cash reserves.

RAM Essential Services Property Fund has posted a $30.1 million FY2026 statutory loss as property values weakened, while its planned $218.6 million retail sale prepares the fund for a healthcare-focused reset. The transaction could reduce gearing to 16.8%, but FY2027 distribution guidance is below the latest payout and refinancing remains unfinished.

GDI Property Group (ASX:GDI) lifted FY26 Funds From Operations by 25% to $44.5 million while reducing gearing to 33% and maintaining its 5.00 cents per security distribution. The annual report also sets out a buyback of up to 5% of stapled securities, but says completing the programme may depend on further asset sales.

HealthCo Healthcare and Wellness REIT (ASX: HCW) reported a $49.7 million FY26 statutory loss, suspended distributions and received an unmodified audit opinion that nevertheless highlighted a material uncertainty over its ability to continue as a going concern. The key unresolved issue is the transfer of 10 Healthscope hospitals to alternative operators.

HomeCo Daily Needs REIT delivered stronger FY26 earnings, higher distributions and a 6% lift in portfolio value, supported by resilient leasing performance and property revaluations. The REIT expects funding costs to weigh on FY27 FFO even as it maintains its distribution guidance.

Centuria Office REIT delivered a $55.2 million statutory profit in FY26 and near-record leasing, but its FY27 distribution guidance falls below this year’s payout. The balance sheet is stronger after a $1 billion refinancing, leaving occupancy and rental growth as the key tests ahead.

Centuria Industrial REIT delivered 4% growth in funds from operations for FY26 and expects another lift in FY27, supported by leasing momentum and embedded rental reversion. The opportunity comes with a more exposed interest-rate profile and a development pipeline that still depends on power, planning and execution.

Vicinity Centres used its 2026 Capability Showcase to make the case for a more concentrated, premium retail portfolio, led by Chadstone and Chatswood Chase. The presentation also set out development returns, balance-sheet capacity and a sizeable residential option beside Chatswood Chase, although much of the value remains dependent on stabilisation, approvals and market conditions.

Vicinity Centres has positioned portfolio premiumisation and development execution as the engine of future growth, but its Chadstone case study also shows how quickly valuation assumptions can alter project returns. The company highlighted a potential residential expansion at Chatswood Chase alongside strong occupancy, modest gearing and a large development pipeline.

Dexus has delivered a 37.0 cents per security distribution for FY26, matching guidance despite economic headwinds, while initiating a strategic review of infrastructure funds acquired in 2023 and forecasting lower earnings in FY27.

Abacus Group (ASX:ABG) posted a statutory net loss of $74.5 million for FY26, driven by a $122.1 million accounting hit from reclassifying its Storage King stake following management internalisation, while Funds from Operations dipped slightly and distributions were held steady.

Scentre Group’s half-year profit jumped 24.6% to $974.5 million despite a revenue dip, driven by strong property valuations and operational growth. The group raised full-year earnings and distribution forecasts while advancing key redevelopment projects and strategic land initiatives.