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GARDA PROPERTY GROUP — Capital/Financing Update 2025
Sep 30, 2025
64972_rns_2025-09-30_f48e105c-a3ef-4bfa-8641-f56bcd6331ef.pdf
Capital/Financing Update
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Garda Property Group
Level 21, 12 Creek Street W gardaproperty.com.au Brisbane QLD 4000 E [email protected] GPO Box 5270 P +61 7 3002 5300 Brisbane QLD 4001
01 October 2025
CAIRNS OFFICE SALE COMPLETE, NOW 100% BRISBANE INDUSTRIAL
Garda Property Group ( Garda ) today advises the sale of its last remaining office property located at 7-19 Lake Street, Cairns has settled.
The sale price of $77.5 million is equal to the property’s 30 June 2025 carrying value and is a small premium to its last independent valuation of $77.4 million in December 2024.
Net sale proceeds have been applied to reduce Garda’s drawn debt to $194 million, resulting in gearing of 35%. The facility limit will be reduced by $41 million, to $229 million.
In addition, upon the imminent settlement of the North Lakes sale and the application of the $113.6 million sale proceeds (sale costs to be deducted), Garda will be left with $81 million of drawn debt (gearing of 16%) and $85 million of facility headroom.
Garda’s resultant property portfolio will be nine young, established industrial properties in Brisbane valued at $330.7 million on a 5.86% weighted average capitalisation rate. That portfolio is currently 85% occupied and provides a 4.3 year weighted average lease expiry.
FY26 earnings and distribution guidance is eight cents per security paid quarterly, representing 90% payout ratio.
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Authorised for release by: Matthew Madsen (Executive Chairman)
For more information please contact:
Paul Brown Head of Treasury and Investor Relations Garda Property Group Phone: 07 3002 5362 [email protected]
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