Latest Property Development News

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.

PEXA Group delivered a solid FY26 with 7% revenue growth and a return to profitability, while facing a regulatory pricing review that could reshape its future investment capacity.

Westgold Resources delivered a landmark FY26 with record gold output, soaring profits, and a strong balance sheet underpinning a 10 cents per share fully franked dividend.

UOA Development Bhd reported a 70% rise in quarterly revenue to RM221.2 million and a modest profit increase to RM95.6 million, driven by ongoing projects and robust new property sales.

Precinct Properties delivered steady FY26 results marked by record leasing activity, expanded capital partnerships, and a maintained dividend guidance, while advancing key development projects including the Downtown Car Park.

Desane Group Holdings posted a statutory net profit after tax of just $0.02 million for FY26, down sharply from $3.32 million the previous year, while advancing key property developments and maintaining a strong balance sheet.

Ingenia Communities Group (ASX: INA) reported an 18% rise in FY26 EBIT to $193.4 million, beating guidance, while underlying EPS grew 16% to 35.8 cents. The group also extended its land lease development pipeline to 8,800 sites, underpinning future growth.

CVC Limited posted a net profit after tax of $7.7 million for FY2026, underpinned by a $37.8 million profit from the Laverton sale and a $13.3 million impairment from the Liverpool project. The company paid a special dividend and restructured leadership amid ongoing capital management efforts.

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.

Cedar Woods Properties delivered a record $65.6 million net profit after tax in FY26, up 36%, supported by strong presales and disciplined capital management, while targeting 15% NPAT growth in FY27.

Desane Group Holdings projects FY26 EBIT between $0.9 million and $1.0 million, a steep drop from $5.4 million last year, ahead of audited results due by month-end.

GDI Property Group delivered a robust 25% increase in Funds From Operations to $44.5 million for FY26, maintaining distributions at 5 cents per security while announcing an on-market buyback of up to 5%.