A jump in rental income has helped deliver a $222 million annual after-tax profit – up by more than one third – to billionaire developer Harry Triguboff despite his Meriton Properties making less from apartment sales in the 2025 financial year.

The financial results lodged with the corporate regulator on Friday offer both an insight into the changing fortunes of Australia’s second-richest man as well as a handy stocktake of the nation’s residential market.

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