Growthpoint Properties Australia (GOZ) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land owners, confirmation of quorum, and focus on value creation, strategic growth, and formal business matters.

• Board members, executive team, and audit partner introduced; agenda and procedures for questions and voting explained.

• Hybrid format allowed in-person and online participation, with clear instructions for voting and Q&A.

Financial performance review

• FY25 marked by volatility, but funds from operations exceeded guidance, with FFO of 23.3 cps and distributions totaling 20.3 cps.

• Assets under management reached $5.4b across 66 assets as of 30 June 2025.

• Gearing reduced to 39.7%, and high occupancy maintained at 94%.

• Total security holder return of 16.7% outperformed the S&P ASX 300 index.

• Portfolio devaluation of 3.5%, mainly in Victorian office assets, mostly in the first half.

Board and executive committee updates

• Board includes an independent chair, CEO/Managing Director, several independent and non-independent directors, and key executives in investment, operations, and funds management.

• Acknowledgment of outgoing CFO Dion Andrews and CIO Michael Green for their significant contributions.

• Nick Cost to join as Group Executive and Head of Property in December, ensuring leadership continuity.