Latest Queensland News

Hotel Property Investments (HPI) reported a solid $16.7 million statutory profit for H1 FY25, alongside a 3.2% rise in distributions and a successful debt refinancing that extends maturity and reduces costs.

Hotel Property Investments (HPI) reported a robust half-year profit of A$16.7 million, driven by rising rental income and property valuations, while managing significant takeover defence costs amid Charter Hall Retail REIT and Hostplus bids.

SOCO Corporation Ltd has posted a preliminary 18% increase in first-half FY2025 revenue to $11 million, yet project delays and reduced federal government demand temper full-year growth expectations.

Eureka Group Holdings has acquired a mixed-use residential park in Gladstone, marking its strategic entry into the all-age rental market with promising yield and expansion potential.

Garda Property Group has reaffirmed its FY25 income return at 7.2 cents per security and upgraded its distribution payout ratio to 95% of FFO. The group plans to sell its North Lakes industrial site for $114 million and is marketing its Cairns Corporate Tower, aiming to reduce gearing and reposition as a focused industrial REIT.

Carnaby Resources has completed the settlement of Tranche 2 of its recent share placement, issuing 13.5 million new shares to raise approximately $4.2 million, including participation from its board members.

QMines Limited has reported outstanding near-surface copper intersections at its Develin Creek project, confirming the continuity of high-grade mineralisation at the Scorpion deposit and setting the stage for imminent resource upgrades and further drilling.

PEXA Group Limited has updated its half-year guidance, flagging a $15 million non-cash impairment and a significant increase in tax expenses due to deferred tax asset derecognition.

Antares Metals has identified several promising exploration targets at its Conglomerate Creek project through detailed magnetic and gravity surveys, with 3D modelling underway to refine these findings.

Centuria Office REIT has released its HY25 Property Compendium, revealing a robust $1.885 billion portfolio diversified across Australia with strong occupancy and sustainable credentials.

Centuria Office REIT (ASX:COF) reported solid HY25 results with a $1.9 billion portfolio and 92.2% occupancy, underpinned by active leasing and refinancing initiatives. Despite a dip in revenue and distributions, the REIT maintains its FY25 guidance, reflecting confidence in office market recovery and strategic asset management.

Inca Minerals has entered a binding agreement to acquire Stunalara Metals via an off-market takeover bid, aiming to expand its portfolio with high-grade gold and antimony exploration assets in North Queensland and beyond.