Latest Property Sector News

PEXA Group delivered a solid FY25 with 16% revenue growth and a 21% rise in EBITDA, while preparing for a UK platform launch backed by NatWest. Despite statutory losses from impairments, the company strengthened its balance sheet and outlined a confident FY26 outlook.

Elanor Commercial Property Fund reported a solid FY25 with strong income and portfolio stability, while rejecting an unsolicited takeover bid from Lederer Group.

Veris Limited has returned to profitability in FY25, driven by strong growth in its digital and spatial advisory services, while declaring its first dividend in years and strengthening its cash position.

Unibail-Rodamco-Westfield has requested suspension of its securities from the ASX, marking the first step toward its official delisting. This move signals a significant shift for investors and the commercial property sector.

Bendigo and Adelaide Bank reported an 11% rise in customers and a 6.6% increase in deposits for FY25, while statutory earnings were weighed down by a significant goodwill impairment charge.

Peet Limited reported a robust FY25 with a 60% surge in net profit after tax and declared a higher fully franked dividend, underpinned by strong sales and improved capital management. The company is also undertaking a strategic business review while navigating leadership transitions.

Goodman Group has reported a robust increase in operating profit and revenue for FY25, alongside a raised final dividend and notable changes in entity control within its portfolio.

Vicinity Centres confirms its distribution reinvestment plan will apply to the FY25 final distribution, offering investors a 1% discount on new securities issued under the plan.

Region Group delivered a robust FY25 with a $212.5 million statutory profit driven by property revaluations, steady distributions, and strong portfolio metrics. The REIT also advanced sustainability goals and announced CEO retirement plans, setting the stage for strategic continuity.

Lendlease Group has announced a fully franked ordinary dividend of AUD 0.1696 per security for the first half of FY25, alongside a Dividend Reinvestment Plan with no discount.

Charter Hall Retail REIT reported a solid FY25 with a $4.3 billion property portfolio post-CCRF transaction, stable earnings, and a strategic acquisition of Hotel Property Investments enhancing income growth. The REIT also commits to net zero emissions by 2025, underscoring its sustainability leadership.

Tian An Australia Limited has reversed last year’s loss to report a $12.08 million profit for H1 2025, while progressing key residential developments across Australia.