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GPT Group (GPTGF)
OTHER OTC:GPTGF
Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a broadly positive operational and financial performance: FFO and AFFO grew (FFO +5.5%, AFFO +5.2%), like‑for‑like income was strong across core sectors (Office +8.3%, Retail +5.1%, Logistics +5.1%), AUM and platform scale expanded (~A$40bn AUM), management and co‑investment earnings showed double‑digit growth, and balance sheet metrics remain within targets (net gearing 31.1%, A$1.2bn liquidity, rating retained). Key challenges are manageable: increased finance and corporate costs, elevated maintenance/leasing CapEx, portfolio reshaping effects on headline growth (notably Logistics headline decline), a significant vacancy and near‑term CapEx need at Grosvenor Place, and GWOF liquidity and modest revenue drag. Overall the positives (organic income growth, platform expansion, strong retail and logistics leasing results, and disciplined capital/hedging actions) materially outweigh the negatives, supporting constructive outlook guidance for FY2026.Company Guidance
Funds From Operations (FFO) Growth
Delivered $650.5 million FFO ($0.34 per security), up 5.5% on 2024; growth was 6.9% when excluding trading profits. AFFO was $494.4 million, up 5.2%.
Strong Like‑for‑Like Property Income
Overall like‑for‑like net property income growth ~6.3%; sector LFLs: Office +8.3% (headline +11.9%), Retail +5.1% (headline +0.8% due to strategic divestments), Logistics +5.1% (headline -7% reflecting portfolio plant divestments).
High Occupancy and Leasing Performance
Investment portfolio occupancy circa 98%; Retail total center occupancy 99.8%; Retail delivered 565 leasing deals with ~5% leasing spreads; Office leasing spreads ~7.2%; Logistics face leasing spreads 28% (Sydney/Melbourne ~34%).
Assets Under Management and Platform Growth
Platform AUM ~A$40 billion; Investment portfolio valued at A$16.1 billion (up A$308.5 million or 2%); Retail AUM A$16.6 billion (added ~A$5 billion / 5 new assets), Office platform AUM A$17 billion, Logistics platform A$4.9 billion with A$3 billion development pipeline.
Management & Co‑Investment Income Expansion
Management operations earnings grew 10.8% (nearly 11% income growth for management ops); co‑investment net income increased 29.2%, and co‑investments grew ~67% via ~A$1.4 billion invested in new partnerships.
Active Capital Deployment and Transactions
Completed ~A$4.9 billion of gross transactions across sectors; strategic acquisition of 50% interest in Grosvenor Place and Perron retail assets; demonstrated ability to raise equity and restructure pooled funds.
Strong Balance Sheet & Liquidity
Net gearing 31.1% (within 25–35% target range) with A$1.2 billion liquidity and no unfunded capital commitments; maintained A2 (Moody's) and A- (S&P) ratings.
Refinancing & Hedging Progress
Increased hedging to ~72% of average drawn debt (78% at time of disclosure); proactively extended facilities at ~10 bps lower margins; forecast average cost of debt for 2026 reduced to ~5% from 5.3%.
Retail Operating Strength
Retail total center sales +4.2% and specialty sales +5.3%; specialty sales productivity ~A$13,800/m2; strategic redevelopments underway (Rouse Hill commenced; Melbourne Central redevelopment approved ~A$170 million, adds ~7,500m2, completion mid‑2028).
Logistics Leasing Momentum
Logistics agreed 188,000m2 leasing in 2025 (60%+ renewals), 2026 expiry derisked to 4.5%; leasing inquiry up ~33% over 6 months; development returns yield‑on‑cost ~6–6.5% with four projects underway.
GPTGF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does GPT Group (GPTGF) report earnings?
GPT Group (GPTGF) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is GPT Group (GPTGF) earnings time?
GPT Group (GPTGF) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPTGF EPS forecast?
GPTGF EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.