Growthpoint Properties Australia reported earnings results for the year ended June 30, 2018. For the year, the company reported property revenue of AUD 254,239,000 against AUD 261,463,000 a year ago. Net investment income was AUD 466,259,000 against AUD 383,401,000 a year ago. Profit from operating activities was AUD 412,283,000 against AUD 332,871,000 a year ago. Profit before income tax was AUD 357,802,000 against AUD 278,140,000 a year ago. Profit for the period attributable to owners of the Trust was AUD 358,762,000 against AUD 279,324,000 a year ago. Basic and diluted earnings per stapled security were 53.5 cents against 42.7 cents a year ago. Net cash inflow from operating activities was AUD 138,396,000 against AUD 161,500,000 a year ago. Payments for investment properties were AUD 66,943,000 against AUD 227,845,000 a year ago. Payments for plant & equipment were AUD 25,000 against AUD 67,051,000 a year ago. FFO was AUD 167,078,000 against AUD 166,098,000 a year ago. Return on equity was 18.5% against 18.6% a year ago.

Subject to market conditions, the Group expects fiscal 2019 FFO to be at least 24.6 cents per stapled security and distributions to be 23.0 cents per stapled security, representing a 3.6% increase in distributions to Securityholders. This is within the Group's medium-term target range of 3-4% increase in distributions per security growth per annum and equates to a fiscal 2019 payout ratio to FFO being a maximum 93.5%.