GDI FY26 slides: FFO surges 25% on Perth leasing strength
GDI Property Group revealed its FY26 financial results on August 24, 2026, showcasing a strong performance across its property and co-living segments. The company's shares increased by 2.4% to $0.64 following the announcement, which highlighted a 25% year-over-year rise in funds from operations (FFO) and a commitment to a 5% share buyback program.
Management attributed the robust results to exceptional market conditions in Western Australia, where population growth reached 2.2% and no new office space was forecast for 2027-2029. This imbalance between supply and demand fueled strong leasing activity, positioning GDI's core assets for sustained rent growth.
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