GPT Group (GPT) AI Stock Analysis

• Market Cap: AU$10.75B
• Dividend Yield: 4.41%
• Average Volume (3M): 4.48M
• Price to Earnings (P/E): 28.4
• Beta (1Y): 0.85
• Revenue Growth: 12.66%
• EPS Growth: N/A
• Country: AU
• Employees: 500
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.17
• Shares Outstanding: 1,915,577,400
• 10 Day Avg. Volume: 4,829,708
• 30 Day Avg. Volume: 4,478,660
• PEG Ratio: 1.81
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 8.47
• P/FCF Ratio: 13.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.88
• Price Target Upside: 4.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: AU$5.50 ▼(-1.96% Downside)

GPT Group's overall stock score is driven by strong revenue growth and cash flow management, offset by ongoing net losses and operational challenges. The technical analysis suggests a neutral trend, while the valuation indicates the stock is relatively expensive but offers a good dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective asset management, supporting long-term business expansion.

Cash Flow Management

Strong free cash flow growth enhances liquidity and financial flexibility, enabling strategic investments and debt management.

Capital Structure

A strong capital structure with moderate leverage supports financial stability and reduces risk, aiding long-term sustainability.

Negative Factors

Profitability Challenges

Ongoing net losses highlight profitability issues, which could hinder reinvestment and growth if not addressed.

Operational Inefficiencies

Operational inefficiencies reduce profitability and competitiveness, requiring strategic improvements to enhance performance.

Declining Equity

A decline in equity can weaken financial resilience and limit growth opportunities, necessitating corrective measures.

GPT Group Business Overview & Revenue Model

Company Description

The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $25.3 billion portfolio of retail, office and logistics property assets across Australia. The Group has a substantial investor base with more than 32,000 shareholders.

How the Company Makes Money

GPT Group generates revenue primarily through leasing its properties to tenants in various sectors, including retail, office, and logistics. The company earns rental income from long-term leases, which provides a stable and recurring revenue stream. Additionally, GPT participates in property developments, which can lead to capital gains and increased asset value. The company also realizes income through management fees from its property management operations. Significant partnerships with retail brands and corporate tenants further bolster its earnings by ensuring a steady occupancy rate across its properties. Furthermore, GPT's focus on sustainable practices and innovative property management enhances its appeal and competitiveness in the market, contributing to its overall financial performance.

GPT Group Financial Statement Overview

Summary

GPT Group shows strong revenue growth and cash flow management, but ongoing net losses and operational inefficiencies are significant risks. The balance sheet is solid, but profitability needs improvement for long-term sustainability.

Income Statement

GPT Group's revenue growth has shown a positive trend, increasing from 2023 to 2024 by 9.82%. However, the net income has been negative for two consecutive years, with a net loss of $200.7 million in 2024, indicating profitability issues. The gross profit margin stands at 65.43% for 2024, which is strong, but the absence of positive EBIT and a negative EBITDA margin highlight operational challenges.

Balance Sheet

GPT Group maintains a stable equity position with an equity ratio of 64.68% in 2024, suggesting a strong capital structure. The debt-to-equity ratio is 0.48, indicating moderate leverage. However, the declining stockholders' equity over the past few years could pose a future risk if not addressed.

Cash Flow

The company has shown substantial free cash flow growth from 2023 to 2024, with a 47.24% increase. Despite a lack of operating cash flow in 2024, the positive free cash flow is a positive indicator for liquidity. The free cash flow to net income ratio is favorable, demonstrating effective cash management despite ongoing net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	788.75M	988.70M	900.10M	816.40M	795.30M	718.20M
Gross Profit	528.45M	646.90M	560.50M	498.10M	562.20M	544.90M
EBITDA	-81.25M	29.00M	564.10M	514.00M	426.40M	376.20M
Net Income	213.25M	-200.70M	-240.00M	469.30M	1.42B	-213.20M
Balance Sheet
Total Assets	15.91B	15.63B	16.28B	17.32B	17.18B	15.35B
Cash, Cash Equivalents and Short-Term Investments	61.70M	72.20M	67.90M	60.20M	61.50M	372.50M
Total Debt	5.25B	4.87B	4.83B	5.10B	5.19B	4.14B
Total Liabilities	5.70B	5.52B	5.51B	5.84B	5.51B	4.47B
Stockholders Equity	10.21B	10.11B	10.77B	11.48B	11.67B	10.88B
Cash Flow
Free Cash Flow	338.85M	602.20M	582.60M	273.80M	307.90M	145.90M
Operating Cash Flow	445.05M	604.00M	586.00M	564.40M	520.40M	485.30M
Investing Cash Flow	-281.10M	68.20M	206.10M	-245.80M	-1.23B	51.40M
Financing Cash Flow	-279.10M	-667.90M	-784.40M	-319.90M	394.70M	-268.40M

GPT Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GPT, the sentiment is Positive. The current price of 5.61 is above the 20-day moving average (MA) of 5.53, above the 50-day MA of 5.49, and above the 200-day MA of 5.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.70 is Neutral, neither overbought nor oversold. The STOCH value of 89.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GPT.

GPT Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGP	75 Outperform	AU$14.22B	16.99	7.99%	4.29%	4.75%	170.39%
CHC	66 Neutral	$12.24B	54.19	24.58%	1.97%	15.06%	47.66%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GPT	60 Neutral	AU$10.75B	28.45	3.56%	4.41%	12.66%	―
DXS	59 Neutral	AU$7.67B	55.53	1.32%	5.32%	4.52%	―
GMG	54 Neutral	AU$58.89B	33.72	7.99%	1.02%	16.87%	―
CLW	52 Neutral	AU$2.98B	25.24	3.57%	6.14%	-9.63%	―

GPT Group Corporate Events

GPT Group Announces Liquidity Proposal and Board Appointments

The GPT Group announced that investors of the GPT Wholesale Office Fund have approved a liquidity proposal at their Annual General Meeting. This proposal defers the existing 10-year liquidity event to July 2028 and offers an upfront liquidity amount of up to 25% of units, aiming to balance investor interests and allow time for market recovery. Additionally, the base management fee structure for the fund has been temporarily modified. The meeting also saw the appointment of Christopher Judd and Simone Desmarchelier as independent directors to the Board of GPT Funds Management Limited, bringing significant expertise to support the fund’s success.

GPT Group Reports Strong Q3 Performance and Upgrades 2025 Guidance

GPT Group announced a positive update for the September quarter of 2025, highlighting strong occupancy rates across its investment portfolios, with retail at 99.6%, office at 95.2%, and logistics at 98.4%. The company has upgraded its 2025 guidance for Funds from Operations to approximately 34.0 cents per security, reflecting a 5.5% growth, driven by operational efficiencies and strategic leasing outcomes.

GPT Group Acquires 50% Stake in Sydney’s Grosvenor Place

GPT Group has announced a new partnership with Commonwealth Superannuation Corporation (CSC) by acquiring a 50% stake in the iconic Grosvenor Place office tower in Sydney for $860 million. This strategic move aims to expand GPT’s office asset portfolio and leverage the strengthening office leasing market, aligning with their long-term growth strategy. The acquisition is expected to be completed by December 2025, pending approval, and will be funded through GPT’s existing borrowing capacity.