Latest Real Estate News

Ingenia Communities has granted Warburg Pincus non-exclusive access to initial due diligence on its $5.25-per-security takeover proposal, bringing the rival approach into a more serious evaluation phase. The board has not endorsed the proposal and continues to progress its acquisition of Peet.

HealthCo Healthcare and Wellness REIT has signed binding agreements for new leases covering its remaining 10 Healthscope hospitals, subject to final approvals. The resolution allows HCW to reinstate quarterly distributions while reducing its largest tenant concentration from 57% to 31%.

Metrics Income Opportunities Trust has released its audited FY2026 accounts, correcting the classification of valuation reductions while reporting an $18.2 million loss and a lower NTA. KPMG issued an unqualified opinion, but ASX has yet to determine when MOT units will resume trading and underlying funds remain closed to applications and redemptions.

Metrics Real Estate Multi-Strategy Fund has released audited FY26 accounts with an unqualified KPMG opinion, reporting $28.2 million in profit after tax and 10.48 cents per unit in distributions. The accounts also expose a $10 million interest-free related-party loan and a temporary halt to applications and redemptions in underlying funds.

Metrics Real Estate Multi-Strategy Fund units will remain suspended on ASX after the fund failed to lodge its audited financial statements. Reinstatement now depends on the accounts being filed and ASX deciding that trading can resume appropriately.

Russell Investments Australian Responsible Investment ETF (ASX:RAR) reported a $304,000 loss for the year ended 30 June 2026, reversing a $69.892 million profit a year earlier. The fund still delivered a reported total return of 0.05% and lifted distributions to 168.11 cents per unit.

Quay Global’s unhedged real estate fund swung from a $66.1 million operating profit to a $22.9 million loss in 2026, while its AUD hedged counterpart posted a $23.0 million profit. Both funds also recorded substantial redemptions after launching Active ETF classes.

Quay Global’s two real estate funds delivered sharply different FY2026 results, with the unhedged fund swinging to a $22.852 million operating loss while the AUD Hedged fund recorded a $22.991 million profit. The year also brought large ETF redemptions, new currency-hedging disclosures and a major reset of Bennelong’s board after year-end.

Eureka Group Holdings delivered FY26 underlying earnings ahead of guidance as its all-age rental portfolio expanded rapidly, but statutory profit fell and borrowings more than doubled. The next test is whether acquisitions, development and new capital partnerships can convert scale into durable cash returns.

International Equities Corporation Ltd (ASX:IEQ) returned to a statutory profit in FY2026, but the result was largely supported by discontinued tourism operations while continuing activities remained loss-making. An auditor’s material uncertainty warning and a new secured $1.2 million loan put liquidity at the centre of the investment case.

RAM Essential Services Property Fund has posted a $30.1 million FY2026 statutory loss as property values weakened, while its planned $218.6 million retail sale prepares the fund for a healthcare-focused reset. The transaction could reduce gearing to 16.8%, but FY2027 distribution guidance is below the latest payout and refinancing remains unfinished.

Garda Property Group has agreed to sell its Heathwood industrial property for $17.5 million, 6.7% above its independent valuation. If the buyer secures finance, the sale will help cut drawn debt and take gearing lower alongside the previously announced Pinkenba disposal.