Quarterly operational update to be merged with results from Q2 and H1 FY27

No separate quarterly operational business update from Q2 and H1 FY27.

Thu 8 Oct 2026

Change Effective From

Q2 and H1 FY27

Reporting Change

Key operating metrics will now be reported along with the quarterly financial results

Stated Reason

to streamline reporting and give a consolidated view of operating and financial performance

What the company has communicated

The company has been putting out a quarterly operational business update soon after each quarter ends. This gave shareholders an early look at key operating metrics across its retail, office, hospitality and residential portfolio. Quarterly financial results followed within a month of the quarter end.

What changes now

• The gap between the operational update and the results was short, so the company has decided to report the key operating metrics together with its quarterly financial results.
• A separate quarterly operational business update will not be issued from Q2 and H1 FY27.

Why the company says it is doing this

The stated reason is to streamline reporting and to give stakeholders a consolidated view of both operating and financial performance together.

What this means for a reader

Earlier, operational numbers and financial numbers reached investors at two separate points in the quarter. Going forward, both will come together in the quarterly financial results. The company's own description is that this is a change in the manner and timing of reporting, not a change in what is being reported — the key operating metrics are to be consolidated with the results.

One practical point to note: the early operational update used to arrive first. With the two now merged, the operating metrics will be seen at the time of the results rather than ahead of them.

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