Earnings call transcript: GDI posts strong FY 2025 growth as Perth market tightens

GDI reported a 25% increase in funds from operations (FFO) to AUD 44.5 million for FY 2025, driven by stronger leasing in Perth's office market and a significant contribution from its co-living joint venture. The company maintained its distribution at AUD 0.05 per security and announced a 5% buyback, with shares rising 2.4% to $0.64.

GDI's strong performance in core office assets, such as Westralia Square 1, Westralia Square 2, 197 St Georges Terrace, and 5 Mill Street, is expected to benefit from limited supply in Perth, which should support future rent growth. The company's financial health is solid, with a current ratio of 3.06 and a Piotroski Score of 7.

Despite the modest share price increase, InvestingPro analysis suggests the stock is slightly undervalued, making it an attractive opportunity for investors.

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