Eureka Group Holdings (EGH) Trading update summary

Financial performance and guidance

• FY26 underlying EBITDA expected at or above the top of the $20.2–$21.1 million guidance range, up 20–25% on FY25.

• Underlying EPS forecast at the upper end of 3.37–3.44 cents, up 7.5–10% on FY25.

• Like-for-like rent growth projected to exceed 6% for FY26, driven by strong demand.

• High occupancy rates: seniors' at 97% and all-age long-term rentals at 95%, up from 86% at 1H26.

• Guidance incorporates higher funding costs due to a 4.35% cash rate.

Portfolio management and capital allocation

• Initiated sell-down of rental homes at Bundamba and Eagleby, expected to unlock $22–$24 million over 2–3 years.

• Proceeds from asset sales are being recycled into higher-return development and acquisitions.

• Sold Broken Hill seniors' village for $4.4 million as part of non-core asset divestment.

• Over $120 million in accretive rental assets under due diligence or advanced price discovery.

Strategic initiatives and market outlook

• Expanding a capital-light funds management business to grow assets under management and recurring fee income.

• Strong demand for affordable rental housing expected to continue, supported by policy changes and constrained supply.

• Construction and transport costs have stabilised, aiding development plans.

• Some development projects delayed by Council permitting processes, but new homes are being delivered across multiple communities.