Australian Unity Office Fund (AOF) H2 2025 earnings summary

Executive summary

• Unitholders approved the disposal of the main undertaking and delisting from the ASX on 17 December 2024, initiating the wind-up process and sale of all properties.

• Statutory loss for the year ended 30 June 2025 was $35.6 million, primarily due to a $30.9 million net fair value decrement of investment properties.

• Only one property, 150 Charlotte Street, Brisbane, remained at year-end, with its sale facing settlement uncertainty.

Financial highlights

• Rental income fell to $6.6 million from $24.8 million year-over-year; net property income dropped to $0.2 million from $17.3 million.

• Net assets attributable to unitholders declined to $73.0 million from $229.2 million; NTA per unit fell to $0.44 from $1.39.

• Funds From Operations (FFO) was $1.1 million, down from $16.8 million; ordinary distributions declared were $0.4 cents per unit, special distributions $73.0 cents per unit.

• Total distributions for the year were $120.7 million, including significant special distributions from property sales.

Outlook and guidance

• The wind-up process continues, with the final property sale (150 Charlotte Street) unresolved due to purchaser default and a revised offer under consideration.

• No distribution guidance is provided due to uncertainty around the final property sale.