The GPT Group Income Statement

Financials in millions AUD. Fiscal year is January - December.

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	815.8	780.6	781	707.3	673.7
Property Management Fees	49.2	33.7	31.4	17	17
Gain (Loss) on Sale of Investments (Rev)	-	-	8.3	2.3	8.7
Other Revenue	166.9	174.4	87.7	88.9	104.5
Total Revenue	1,038	992.1	919.6	816.4	804.2
Revenue Growth (YoY	4.63%	7.88%	12.64%	1.52%	12.04%
Property Expenses	381.4	402.4	339.6	314.7	335.7
Depreciation & Amortization	5.6	7.4	6.7	4.1	8.4
Total Operating Expenses	387.1	403	345.8	312.9	394.1
Operating Income	650.9	589.1	573.8	503.5	410.1
Interest Expense	-227	-209.6	-205.3	-142	-87
Income (Loss) on Equity Investments	331.8	-286.2	-182.3	62.8	384.6
Currency Exchange Gain (Loss)	-15.5	-7.1	12.7	0.2	17.4
Other Non-Operating Income	20.6	-17.8	-29.1	6.2	-9.5
EBT Excluding Unusual Items	760.8	68.4	169.8	430.7	715.6
Asset Writedown	247.3	-256.2	-402.9	42.5	706.2
Pretax Income	1,008	-187.8	-233.1	473.2	1,422
Income Tax Expense	27.1	12.9	6.9	3.9	-1
Earnings From Continuing Operations	981	-200.7	-240	469.3	1,423
Net Income	981	-200.7	-240	469.3	1,423
Net Income to Common	981	-200.7	-240	469.3	1,423
Net Income Growth	-	-	-	-67.02%	-
Basic Shares Outstanding	1,916	1,916	1,916	1,916	1,924
Diluted Shares Outstanding	1,920	1,916	1,917	1,916	1,925
Shares Change (YoY)	0.18%	-0.05%	0.05%	-0.45%	-1.18%
EPS (Basic)	0.51	-0.10	-0.13	0.24	0.74
EPS (Diluted)	0.51	-0.10	-0.13	0.24	0.74
EPS Growth	-	-	-	-66.85%	-
Dividend Per Share	0.240	0.240	0.250	0.250	0.232
Dividend Growth	-	-4.00%	-	7.76%	3.11%
Operating Margin	62.71%	59.38%	62.40%	61.67%	51.00%
Profit Margin	94.51%	-20.23%	-26.10%	57.48%	176.92%
EBITDA	653.8	593.8	577	506.1	416.4
EBITDA Margin	62.99%	59.85%	62.74%	61.99%	51.78%
D&A For Ebitda	2.9	4.7	3.2	2.6	6.3
EBIT	650.9	589.1	573.8	503.5	410.1
EBIT Margin	62.71%	59.38%	62.40%	61.67%	51.00%
Funds From Operations (FFO)	650.5	616.3	600.9	620.6	554.5
Adjusted Funds From Operations (AFFO)	494.4	470	488	510.8	462.9
FFO Payout Ratio	70.68%	76.15%	79.05%	69.75%	92.32%
Effective Tax Rate	2.69%	-	-	0.82%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.