
URGENT UPDATE: Region Group Ltd (ASX: RGN) has just announced **major financial growth** during its annual general meeting (AGM) held yesterday, showcasing a **record statutory profit** of **$212.5 million** for FY25, a substantial increase from just **$17.3 million** last year. This surge highlights the company’s robust performance and resilience in the current market.
The company reported **Funds from Operations (FFO)** of **15.5 cents** per security, slightly up from **15.4 cents** in FY24, and an **Adjusted FFO (AFFO)** of **13.7 cents** per security, compared to **13.6 cents** the previous year. These figures indicate not only growth but also a strong commitment to returning value to shareholders, with a distribution of **$159.1 million**, equating to **13.7 cents** per security, representing **100% of AFFO**.
Region Group’s portfolio has expanded to **100 retail properties**, predominantly anchored by major supermarkets including **Woolworths** and **Coles**. The company reported a **3.2% growth in comparable net operating income**, attributed to effective leasing strategies and disciplined expense management, reflecting its strong operational health.
During FY25, Region Group strategically acquired a new **neighbourhood centre** and divested non-core assets. The company invested **$75 million** in portfolio developments, sustainability projects, and value-creation opportunities. Notably, occupancy rates remain high at **97.5%**, with successful retention of most expiring tenants.
Looking ahead, Region Group is focused on driving sustainable earnings by maintaining strong leasing performance and managing expenses efficiently. Management has set a target for FY26, reaffirming guidance of at least **15.9 cents** per security in FFO and **14.0 cents** in AFFO, assuming stable market conditions.
In the past year, Region Group shares have increased by **7%**, slightly trailing the **S&P/ASX 200 Index (ASX: XJO)**, which has seen an **8%** rise over the same period. Investors are keenly watching these developments as the company positions itself for future growth.
This announcement not only emphasizes Region Group’s financial health but also its strategic direction in a competitive market. Investors are encouraged to stay updated as more details unfold from the AGM and the company’s future initiatives.
Stay tuned for further updates as Region Group continues to navigate the evolving retail landscape, balancing growth and sustainability in its operations.