WS Investor
06 Nov 2025, 05:54
GPT Group Raises 2025 Earnings Guidance on Strong Portfolio Performance
The GPT Group announced an upgraded 2025 earnings forecast following a solid September quarter performance across its investment portfolio. The company now expects Funds from Operations (FFO) of approximately 34.0 cents per security, up 5.5% year-on-year and higher than its earlier forecast of at least 33.2 cents. The distribution guidance remains unchanged at 24.0 cents per security.
For the September quarter, GPT reported portfolio-wide occupancy of 98%, with a weighted average lease expiry of 4.4 years. Retail occupancy reached 99.6%, supported by a 3.4% rise in total centre sales and 4.8% growth in specialty sales. The office portfolio maintained strong occupancy at 95.2%, while logistics assets stood at 98.4%.
Post-quarter, GPT finalized a 50% acquisition of Sydney’s Grosvenor Place for $860 million alongside the Commonwealth Superannuation Corporation and completed the formation of the GPT QuadReal Logistics Trust 2 partnership. CEO Russell Proutt said the update highlights “strong operational efficiencies and leasing outcomes” driving portfolio and earnings growth.
The GPT Group announced an upgraded 2025 earnings forecast following a solid September quarter performance across its investment portfolio. The company now expects Funds from Operations (FFO) of approximately 34.0 cents per security, up 5.5% year-on-year and higher than its earlier forecast of at least 33.2 cents. The distribution guidance remains unchanged at 24.0 cents per security.
For the September quarter, GPT reported portfolio-wide occupancy of 98%, with a weighted average lease expiry of 4.4 years. Retail occupancy reached 99.6%, supported by a 3.4% rise in total centre sales and 4.8% growth in specialty sales. The office portfolio maintained strong occupancy at 95.2%, while logistics assets stood at 98.4%.
Post-quarter, GPT finalized a 50% acquisition of Sydney’s Grosvenor Place for $860 million alongside the Commonwealth Superannuation Corporation and completed the formation of the GPT QuadReal Logistics Trust 2 partnership. CEO Russell Proutt said the update highlights “strong operational efficiencies and leasing outcomes” driving portfolio and earnings growth.