Latest Real Estate Sector News

Mirvac Group director Rosemary Beryl Hartnett was granted 41,111 rights to acquire stapled securities under the company’s Non-Executive Director Fee Sacrifice Rights Plan, reflecting a strategic move in director remuneration.

Elanor Investors Group advances its strategic alliance with Rockworth Capital Partners through a $125 million recapitalisation and Firmus acquisition, while rejecting an unsolicited takeover offer for its commercial property fund. The group also reports FY24 results highlighting stabilisation efforts amid high gearing.

Elanor Investors Group reported a substantial $157.8 million net loss for FY24 amid asset devaluations and debt covenant breaches, prompting a strategic recapitalisation and leadership transition.

Axiom Properties Limited reports a 55% reduction in net loss for FY25, completing its Glenlea Estate sales and accelerating its Property Technology strategy with a $30 million debt facility for PaySure.

Rent.com.au Limited reported a $3.69 million net loss for FY25 amid modest revenue growth, while securing significant funding to scale its RentBond® product and reshaping its leadership team.

RMA Global Ltd reported a 13% revenue increase to $21.1 million in FY25, driven by growth in the US and New Zealand, alongside steady Australian performance. The company also recorded its first full-year positive operating cash flow, marking a significant financial turnaround.

Australian Unity Office Fund reports a $35.6 million loss for FY25 as it advances asset disposals ahead of planned delisting, with the final property sale facing settlement uncertainty.

Lifestyle Communities Limited has reported a sharp downturn for FY2025, with revenues plunging nearly 39% and a net loss soaring to $195 million, leading to a suspension of dividends.

Domain Holdings Australia has officially been acquired by US-based CoStar Group, with shareholders receiving cash payouts and a special dividend. The acquisition triggers a board overhaul and imminent ASX delisting.

Goodman Group has confirmed the dispatch of its 15.00 cents per stapled security distribution for the first half of 2025, maintaining its steady income stream for investors.

Cedar Woods Properties Limited has announced a fully franked ordinary dividend of 19 cents per share for the half-year ending June 2025, accompanied by attractive reinvestment and bonus security plans.

360 Capital Group has reported a significant profit increase for FY25 alongside a stable dividend and a substantial $0.40 per security special distribution, reflecting strong cash reserves and strategic growth in real estate credit.