Australia · Delayed Price · Currency is AUD The GPT Group Earnings Call Transcripts
Fiscal Year 2026
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FFO grew 5% to AUD 338.8 million, with strong performance across retail, office, and logistics, supported by high occupancy, positive leasing spreads, and disciplined capital management. Affirmed full-year FFO and distribution guidance, with robust liquidity and stable gearing.
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The meeting highlighted strong financial growth, strategic expansion in retail and logistics, and a disciplined capital management approach. Shareholders discussed office exposure, long-term returns, and governance, with all resolutions passing strongly.
Fiscal Year 2025
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FFO rose 5.5% to AUD 650.5 million, with strong growth across retail, office, and logistics. 2026 guidance targets 4% FFO growth and 2.1% higher distributions, supported by disciplined capital management and robust market fundamentals.
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Funds from operations rose 4.4% to $322.6 million, with strong growth across retail, office, and logistics segments. Upgraded 2025 FFO guidance to at least 3% growth, supported by high occupancy, new partnerships, and disciplined capital management.
Fiscal Year 2024
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FY24 results met guidance with strong occupancy, 4% like-for-like property income growth, and AUD 34 billion AUM. Retail, office, and logistics segments all showed robust operational performance, while office values declined. FY25 guidance targets 1–3% FFO growth and stable distributions.
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Interim results met expectations, with FFO down 2% to AUD 309 million due to higher finance costs, but strong retail and logistics performance offset office softness. 2024 guidance is affirmed, with robust capital management and active development pipelines supporting future growth.