Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  GPT Group    GPT   AU000000GPT8

GPT GROUP

(GPT)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/22
4.13 AUD   -1.67%
09/24GPT : to start construction of third logistics facility at Wembley Business Park
PU
08/13GPT : managed assets to become carbon neutral by 2024
PU
08/13GPT GROUP : Ex-dividend day for interim dividend
FA
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

GPT : ONE ONE ONE Eagle Street certified carbon neutral

share with twitter share with LinkedIn share with facebook
06/15/2020 | 02:48am EDT

The GPT Group ('GPT' or 'Group') today announced a third building in the GPT Wholesale Office Fund ('GWOF' or 'Fund') portfolio, 111 Eagle Street, has achieved carbon neutral certification under NABERS and Climate Active, and in alignment with the international Greenhouse Gas Protocol.

Located in the prime commercial Golden Triangle precinct, the 63,700 square metre, 54 level office tower becomes the first building in Brisbane to achieve unified carbon neutral certification, as the approach continues to be implemented across the remainder of The Group's portfolio, with GWOF working towards its target of carbon neutrality by the end of 2020 and the Group towards its target of 2030.

'The property sector accounts for a substantial proportion of global greenhouse gas emissions, meaning this was always going to be a significant milestone. However, we are committed to being an industry leader in reducing carbon emissions,' said Martin Ritchie, GWOF Fund Manager. 'Moving towards a net zero carbon target is a great achievement for our Fund, and it is also delivering benefits to our tenants through savings and assisting them achieve their own targets to reduce emissions.'

To achieve the certification, GPT's approach focused on energy efficiency, utilising a combination of both on-site and off-site 100 per cent renewable electricity combined with a demand response program to manage electricity loads within the buildings. These initiatives also reduce pressure on the electricity grid, reducing the peak demand charges for a building.

Where emissions from waste, gas and water services are not able to be reduced further, the Fund purchases offsets from Greenfleet, a not-for-profit environmental organisation committed to protecting the climate through forest restoration and which has an internationally recognised offset accreditation.

'As the Fund work towards its target of a zero carbon portfolio by the end of 2020, we felt a credible validation pathway was required, and so we worked with the Property Council of Australia and broader industry to pilot this aligned certification with NABERS, Climate Active and the international Greenhouse Gas Protocol,' said Steve Ford, GPT's Head of Sustainability and Energy.

The certification follows on from two buildings in the GWOF portfolio, Workplace 6 (48 Pirrama Road, Pyrmont) and 8 Exhibition Street, Melbourne, becoming the first buildings in Australia to achieve the certification under NABERS and Climate Active earlier this year. At the time, Carlos Flores, Director of NABERS, said: 'GPT Wholesale Office Fund has a strong track record of industry leadership, including achieving one of the first NABERS Waste ratings and the first use of the Materials Recovery Score. NABERS are delighted to have certified against the Climate Active Carbon Neutral Standard, in alignment with the international Greenhouse Gas Protocol. We congratulate GPT for being the first to incorporate data from their certified NABERS Energy, Water and Waste ratings, setting a new bar for robustness in carbon neutral claims.'

Disclaimer

The GPT Group published this content on 15 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2020 06:47:02 UTC


share with twitter share with LinkedIn share with facebook
All news about GPT GROUP
09/24GPT : to start construction of third logistics facility at Wembley Business Park
PU
08/13GPT : managed assets to become carbon neutral by 2024
PU
08/13GPT GROUP : Ex-dividend day for interim dividend
FA
08/10GPT : Logistics Tenants Provide Relief For GPT
AQ
08/06AIRBUS : shareholders in U.S. file fraud lawsuit over disclosures, corruption pr..
RE
08/05GPT GROUP : half-yearly earnings release
08/04OFFICE SPACE : Australia builds skyscrapers for a workforce stuck at home
RE
07/30OFFICE SPACE : Australia builds skyscrapers for a workforce stuck at home
RE
07/30OFFICE SPACE : Australia builds skyscrapers for a workforce stuck at home
RE
06/15GPT : ONE ONE ONE Eagle Street certified carbon neutral
PU
More news
Financials
Sales 2020 641 M 456 M 456 M
Net income 2020 475 M 338 M 338 M
Net Debt 2020 4 279 M 3 046 M 3 046 M
P/E ratio 2020 17,2x
Yield 2020 4,67%
Capitalization 8 045 M 5 720 M 5 728 M
EV / Sales 2020 19,2x
EV / Sales 2021 17,0x
Nbr of Employees -
Free-Float 99,9%
Chart GPT GROUP
Duration : Period :
GPT Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GPT GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 4,44 AUD
Last Close Price 4,13 AUD
Spread / Highest target 28,8%
Spread / Average Target 7,61%
Spread / Lowest Target -3,50%
EPS Revisions
Managers
NameTitle
Vickki A. McFadden Chairman
Mark Fookes Chief Operating Officer
Anastasia Clarke Chief Financial Officer
Gene Thomas Tilbrook Independent Non-Executive Director
Michelle Somerville Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GPT GROUP-26.25%5 720
GECINA-30.51%9 649
MIRVAC GROUP-29.87%6 243
ICADE-51.53%4 114
SAFEHOLD INC.63.75%3 373
INVINCIBLE INVESTMENT CORPORATION-41.60%2 102