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The latest update is out from GPT Group ( (AU:GPT) ).
GPT Group announced its 2024 annual results, highlighting a statutory loss after tax of $200.7 million, mainly due to investment property valuation declines. Despite the loss, the company reported a strong Funds from Operations of $616.3 million and maintained a high occupancy rate across its investment portfolio. Strategic initiatives included key executive appointments and the expansion of Rouse Hill Town Centre. The Group also formed a retail partnership with Perron Group, acquiring significant interests in key Perth properties, and observed robust growth in its retail and logistics segments, forecasting positive future earnings growth.
More about GPT Group
GPT Group, also known as GPT, is a leading Australian diversified property group involved in the ownership, management, and development of retail, office, and logistics properties. The Group focuses on maximizing returns through strategic investments and partnerships, particularly in the retail and office sectors.
YTD Price Performance: 1.44%
Average Trading Volume: 1,535
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.66B
See more data about GPT stock on TipRanks’ Stock Analysis page.
