ASX:GPT

GPT Reports Strong 2025 Result, Provides FY26 Growth Guidance

The GPT Group (ASX: GPT) reported funds from operations (FFO) of $650.5 million, or 34.0 cents per security, for the year ended 31 December 2025. Statutory net profit after tax reached $981.0 million, supported by a $308.5 million uplift in investment property valuations .

The Group delivered adjusted funds from operations of $494.4 million and a full-year distribution of 24.0 cents per security. Net tangible assets stood at $5.53 per security, with net gearing of 31.1% and liquidity of $1.2 billion .

Operationally, portfolio occupancy was 97.6%, with like-for-like net property income growth of 6.3% across retail, office and logistics sectors. Assets under management totalled $39.8 billion, and approximately $4.9 billion in gross transactions were completed during the year .

For FY26, GPT expects FFO of approximately 35.4 cents per security, representing around 4% growth, and a distribution of 24.5 cents per security .
GPT Group Completes Grosvenor Place Deal and Launches New Value-Add Partnership

The GPT Group has completed the acquisition of a 50 percent stake in Grosvenor Place, Sydney, for $860 million plus transaction costs, alongside Commonwealth Superannuation Corporation. Separately, GPT announced the $47 million acquisition of a student accommodation property in Camperdown as the seed asset for a newly established value-add partnership with an offshore capital partner. The new partnership is sector-agnostic and focused on value-add opportunities, with the Camperdown transaction subject to FIRB approval.
GPT Group announced that investors in the GPT Wholesale Office Fund (GWOF) approved a liquidity proposal at the 2025 AGM.

The plan defers the 10-year liquidity event from July 2026 to July 2028 and allows up to 25% of units to be redeemed upfront, creating a structured process to provide liquidity while supporting market recovery. GPT CEO Russell Proutt said the proposal, developed in collaboration with investors, received overwhelming support.

GWOF’s base management fee will be temporarily reduced between January 2026 and July 2028 to 0.425% of GAV up to $5 billion and 0.40% from $5–9 billion. Additionally, investors in GWOF and the GPT Wholesale Shopping Centre Fund approved the appointments of Christopher Judd and Simone Desmarchelier as independent directors of GPT Funds Management Limited, succeeding Belinda Robson.
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.
UniSuper Limited increased its stake in GPT Group to 15.49% after acquiring approximately 20.9 million additional stapled securities through a series of on-market purchases, raising its total holding to 296.8 million units as of October 1, 2025.
GPT Group Declares 12.0 Cent Interim Distribution

The GPT Group (ASX: GPT) has announced an estimated distribution of 12.0 cents per stapled security for the six months ending 30 June 2025.

The distribution will be paid on 29 August 2025, with the ex-distribution date set for 27 June and the record date for 30 June.

GPT is scheduled to release its interim financial results on 18 August 2025. The announcement reflects GPT’s continued focus on delivering stable returns to investors.