Growthpoint Properties Australia (ASX:GOZ) reported Thursday that its funds from operations (FFO) for the fiscal first half fell to AU$0.118 per stapled security from AU$0.121 per stapled security a year earlier. Analysts surveyed by Visible Alpha expected FFO of AU$0.1104 per stapled security.

The company's loss per diluted security narrowed to AU$0.129 from AU$0.16 per diluted security a year earlier.

Revenue and other income from ordinary activities for the six months ended Dec. 31, 2024, rose 2% to AU$168 million from AU$165.3 million a year ago. Net property income fell to AU$117.9 million from AU$121.9 million. Analysts polled by Visible Alpha expected AU$124.9 million.

The company reaffirmed its full-year FFO guidance of AU$0.223 to AU$0.231 per security.

The board declared a distribution of AU$0.112 per security, up from the AU$0.0965 in the previously reported period, payable on Feb. 28 to security holders of record as of Dec. 31.