Latest Industrial Property News

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%.

Dexus's latest external valuations reveal a modest 0.2% decline in its stabilised office and industrial portfolio values as of June 2026, reflecting subtle shifts in capitalisation rates and rental growth.

Goodman NZ (NZX:GNZ) posted a 126% jump in statutory profit to $248 million for FY26, underpinned by strong property revaluations and leasing gains. The group completed its corporatisation and stapling, launched a property funds management platform, and progressed a development pipeline exceeding $1 billion.

Goodman Group (ASX:GMG) has announced an estimated unfranked distribution of AUD 0.15 per stapled security for the six months ending 30 June 2026, maintaining its steady income stream for investors.

Garda Property Group's industrial portfolio valuation rose by $8.25 million for FY26, driven by Brisbane rent growth and land value increases, pushing the portfolio to $340.56 million.

Goodman NZ surged to a $248 million statutory profit in FY26, propelled by strong property revaluations and leasing gains, while advancing major development projects and transitioning to a stapled group structure.

Property for Industry Limited (NZX: PFI) announced a 10.5% upgrade to its full-year FY26 dividend guidance, now targeting approximately 9.50 cents per share, supported by stable cash flows and controlled capital expenditure.

Dexus has partnered with Boral to develop a massive 2.5 million square metre logistics precinct in Melbourne’s west, aiming to create Australasia’s largest institutionally held industrial hub.

Recce Pharmaceuticals bolsters its clinical and commercial pipeline with a $5.3 million AUD R&D tax rebate, a second U.S. Army research agreement for its RECCE 327 Gel, and a key patent granted in Brazil, while progressing Phase 3 trials in Indonesia.