REA Beats Dividend Expectations as Annual Profit Rises 14%
By Stuart Condie
SYDNEY--REA Group increased its final dividend by more than analysts had anticipated after stronger-than-expected June-quarter listings volumes helped the Australian real-estate advertiser to lift annual profit by 14%.
News Corp-controlled REA on Thursday reported an underlying core-operations net profit for the 12 months through June of 682.1 million Australian dollars, equivalent to US$481.4 million.
That stripped out items including the impact of last month's decision to sell its India operation. An impairment of A$111 million against REA India contributed to a 19% fall in statutory net profit to A$551.6 million.
New residential buy listings for the three months jumped 11% on a year earlier, which kept volumes flat across the full fiscal year.
REA lifted its dividend to A$1.73 a sharee, from A$1.38 a year earlier. That compared with an average analyst forecast of A$1.62, according to data compiled by Visible Alpha.
News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
August 05, 2026 19:03 ET (23:03 GMT)
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