THE GPT GROUP ANNOUNCES

6 February 2017

Revised segment reporting format

At 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 Relations

The GPT Group

+61 2 8239 3536

+61 437 994 451

Scott Rochfort Content and Media Manager

The 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 Non

CoreTotal

$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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