Latest Industrial Property News

Garda Property Group has agreed to sell its Heathwood industrial property for $17.5 million, 6.7% above its independent valuation. If the buyer secures finance, the sale will help cut drawn debt and take gearing lower alongside the previously announced Pinkenba disposal.

Garda Property Group has conditionally agreed to sell its Pinkenba industrial property for $33.25 million, slightly below its independent valuation. The transaction would reduce drawn debt by about $32.9 million and lower gearing to 26.7%, provided the buyer completes due diligence.

Washington H. Soul Pattinson delivered a record statutory profit after its Brickworks merger, but the headline $2.191 billion result was dominated by accounting gains that will not recur. More durable measures also improved, with Net Cash Flow From Investments rising 11.5%, post-tax NAV reaching $14.5 billion and the final dividend increasing to 63 cents per share.

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.

FFI Holdings lifted underlying pre-tax profit 6.8% to $4.62 million in FY2026, while food manufacturing delivered stronger earnings and operating cash flow rebounded sharply. The ASX-listed group now plans a $5.1 million factory and warehouse development in Cockburn, funded from existing resources.

Dimerix has secured Mexican composition of matter protection for its Phase 2-ready kidney drug DMX-652 until June 2041. The grant expands the asset’s patent estate ahead of planned clinical testing in acute kidney injury, although it brings no new clinical data or regulatory approval.

K&S Corporation’s FY2026 profit fell 16% underlying, with a 31% dividend cut reflecting cautious outlook amid economic uncertainty and contract losses.

Property for Industry Limited (NZX: PFI) reported a resilient FY26, delivering a 14% rise in adjusted funds from operations per share and a 10.5% dividend increase, backed by strong portfolio occupancy and progress in green developments.

Goodman Group delivered a robust FY2026 result, with statutory profit soaring 66.7% to $2.78 billion and operating profit rising 15.7%. The industrial and logistics property giant maintained steady dividends amid portfolio expansion and increased gearing.

Schaffer Corporation reported a modest 8.6% decline in net profit for FY26 to $22.2 million, with a rebound in Automotive Leather offset by a loss at Delta and strong gains from its South Connect Jandakot property development.

Mirvac Group delivered a robust FY26 with a 7% rise in operating profit to $508 million, a staggering 896% jump in statutory profit to $677 million, and announced a $200 million on-market buy-back, signalling confidence in its growth trajectory.

Growthpoint Properties Australia is set to sell its Perth Woolworths distribution centre for $267.7 million, marking a significant milestone in its capital recycling strategy and expected to reduce gearing by 4%.