6 February 2017
Revised segment reporting formatAt its Interim Results announcement in August 2016, GPT adopted a revised segment reporting format.
To assist investors and analysts ahead of its Annual Result, GPT attaches the new segment format for the 12 months to 31 December 2015 to this announcement.
GPT will release its 2016 Annual Result on 14 February 2017.
For further information contact: Brett Ward Head of Investor RelationsThe GPT Group
+61 2 8239 3536
+61 437 994 451
Scott Rochfort Content and Media ManagerThe GPT Group
+61 2 8239 3938
+61 438 733 864
Financial Performance by Segment 31 December 2015 Retail Office Logistics Funds Mgt Corporate Total Core NonCoreTotal
$M | $M | $M | $M $M | $M | $M | $M | |
Rent from investment properties | 360.7 | 204.8 | 108.2 | - - | 673.7 | - | 673.7 |
Property expenses and outgoings | (109.0) | (51.0) | (16.8) | - - | (176.8) | - | (176.8) |
Income from Funds | 36.9 | 58.5 | 2.8 | - - | 98.2 | - | 98.2 |
Fee income | 15.9 | 5.0 | 0.7 | 44.4 - | 66.0 | - | 66.0 |
Performance Fee income | - | - | - | 13.9 - | 13.9 | - | 13.9 |
Management & administrative expenses | (9.8) | (7.8) | (2.5) | (13.7) (33.1) | (66.9) | (0.1) | (67.0) |
Operations Net Income | 294.7 | 209.5 | 92.4 | 44.6 (33.1) | 608.1 | (0.1) | 608.0 |
Development fees | 2.7 | 1.3 | - | - - | 4.0 | - | 4.0 |
Development revenue | - | - | 16.0 | - - | 16.0 | - | 16.0 |
Development costs | - | - | (9.5) | - - | (9.5) | - | (9.5) |
Share of profit from associate | - | - | 0.2 | - - | 0.2 | - | 0.2 |
Development management expenses | (1.9) | (0.3) | (4.5) | - - | (6.7) | - | (6.7) |
Development Net Income | 0.8 | 1.0 | 2.2 | - - | 4.0 | - | 4.0 |
Interest income | - | - | - | - 1.8 | 1.8 | 12.8 | 14.6 |
Finance costs | - | - | - | - (117.7) | (117.7) | - | (117.7) |
Net Finance Costs | - | - | - | - (115.9) | (115.9) | 12.8 | (103.1) |
Segment Result Before Tax | 295.5 | 210.5 | 94.6 | 44.6 (149.0) | 496.2 | 12.7 | 508.9 |
Income tax expense | - | - | - | - (4.9) | (4.9) | (0.6) | (5.5) |
Distributions on exchangeable securities | - | - | - | - (1.7) | (1.7) | - | (1.7) |
Funds from Operations (FFO) | 295.5 | 210.5 | 94.6 | 44.6 (155.6) | 489.6 | 12.1 | 501.7 |
The GPT Group published this content on 06 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 February 2017 05:41:07 UTC.
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