THE GPT GROUP For personal use only
14 February 2022
The GPT Group 2021 Annual Report
The GPT Group ('GPT') provides The GPT Group 2021 Annual Report which is authorised for release by The GPT Group Board.
-ENDS-
For more information, please contact:
INVESTORS AND MEDIA Penny Berger
Head of Investor Relations and Corporate Affairs +61 402 079 955
Level 51, 25 Martin Place, Sydney NSW 2000 | www.gpt.com.au |
For personal use only
Annual Report
2021
BUSINESS OVERVIEW
Celebrating 50 years of creating value and enriching communities.
only | tents |
Co | |
01. | Overview |
02. | About GPT |
04. | Letter to Securityholders |
use | |
06. | Megatrends |
08. | Our Strategy |
10. | Our Business Activities |
12. | How We Create Value |
14. | Growing and predictable earnings |
16. | Thriving places |
18. Empowered people
20. | Sustainable environment |
personal | |
22. | Prospering customers, suppliers |
and communities | |
24. | Group Performance |
28. | Office |
29. | Logistics |
30. | Retail |
31. | Funds Management |
32. | Prospects |
34. | Risk Management |
35. | Key risks |
38. | Climate-related risks |
40. | Governance |
43. | Director biographies |
46. | Directors' Report |
48. Remuneration Report
63. | Financial Statements |
64. | Consolidated Statement |
of Comprehensive Income | |
65. | Consolidated Statement of Financial Position |
66. | Consolidated Statement of Changes in Equity |
For67. Consolidated Statement of Cash Flows | |
68. | Notes to the Financial Statements |
- Directors' Declaration
- Independent Auditor's Report
- Securityholder Information
- Investor information
- Glossary
132. Corporate directory
8 Exhibition Street and 51 Flinders Lane, Melbourne | |
THE GPT GROUP ANNUAL REPORT 2021 | (Artist's impression) |
HOW WE | GROUP | RISK | DIRECTORS' | FINANCIAL | SECURITYHOLDER | ||||||||||
BUSINESS | GOVERNANCE | ||||||||||||||
OVERVIEW | CREATE VALUE | PERFORMANCE | MANAGEMENT | REPORT | STATEMENTS | INFORMATION | |||||||||
Welcome to The GPT Group 2021 Annual Report.
GPT acknowledges the Traditional Custodians of the lands on which our business onlyand assets operate, and recognise their ongoing connection to land, waters and
community. We pay our respects to First Nations Elders past, present and emerging.
This Annual Report describes our strategy, reports our performance in financial, environmental, social and governance matters, and outlines how we create value over the short, medium and long term. It is prepared with reference to the International Integrated Reporting Framework and the Global Reporting Initiative (GRI). These frameworks inform our determination of the material matters we report. Information regarding our materiality assessment can be found on page 34.
In this report references to 'GPT', 'Group', 'we', 'us' and 'our' refer to The GPT Group, unless otherwise stated. Information in this Annual Report useis stated as at 31 December 2021 unless otherwise indicated. References in this report to a 'year', '2021' and 'FY21' refer to the financial year
ended 31 December 2021 unless otherwise stated. All values are expressed in Australian currency unless otherwise indicated. Key statistics for the Retail, Office and Logistics divisions include The GPT Group's weighted interest in the GPT Wholesale Shopping Centre Fund (GWSCF), the GPT Wholesale Office Fund (GWOF), and the GPT QuadReal Logistics Trust (GQLT) respectively.
2021 Highlights | ||
personal | Portfolio occupancy | Development pipeline |
Funds from Operations (FFO) | ||
(2020: $554.7m) | (2020: 98.4%) | (2020: $5.1b) |
$554.5m | 97.7% | $5.7b |
Distribution per security | Total Return | Emissions intensity |
reduction since 2005 | ||
(2020: 22.50¢) | (2020: (2.4)%) | (2020: 75%) |
23.20¢ | 14.1% | 82% |
ForRESULTS PRESENTATION | CLIMATE | CORPORATE | MODERN SLAVERY | SUSTAINABILITY | ||||
AND DATA PACK + PROPERTY | DISCLOSURE | GOVERNANCE | STATEMENT | REPORT | ||||
COMPENDIUM | STATEMENT | STATEMENT | (Published Dec 2021) | (To publish Apr 2022) |
Reporting suite
The Annual Report is the primary document in our reporting suite. It summarises the value created by GPT's business activities together with the annual financial statements for the Group. Further information is available in our broader reporting suite, which includes:
Property |
2021 Annual |
Climate Disclosure |
Statement 2021 |
Corporate Governance |
Statement 2021 |
Modern Slavery |
Statement 2021 |
Sustainability Report |
2021 |
Annual Result 2021
THE GPT GROUP ANNUAL REPORT 2021 | 1 |
BUSINESS OVERVIEW
About GPT
onlyassets. The Group leverages its real estate management platform to enhance returns through property development and funds management.
GPT is a vertically integrated diversified property group that owns and actively manages a $26.9 billion portfolio of high quality Australian office, logistics and retail
Listed on the Australian Securities Exchange (ASX) since 1971, today The GPT Group is a constituent of the S&P/ASX 50 Index with a substantial inv stor base of more than 32,000 securityholders.
Our vision | Our purpose |
To be the most respected property company | To create value for investors by providing high quality real estate spaces that |
in Australia in the eyes of our investors, people, | enable people to excel and our customers and communities to prosper in a |
c stomers and communities. | sustainable way. |
use | |
Our values |
prsonaleEach day, our core values guide our employees as they work to deliver on our purpose.
Safety First -
Everyone, Always
We care about people ab ve everything else.
For
Raise the Bar
We think big, take initiative, share ideas and challenge the status quo.
Speak Up
We are courageous and speak up about things that matter.
2 THE GPT GROUP ANNUAL REPORT 2021
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
The GPT Group published this content on 13 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2022 22:31:01 UTC.
