According to UBS, an early look at GPT Group's first half results shows a strong period was interrupted by covid impacts. First half results were boosted from a cashflow of billed rent not received in FY20.

Fund from operations were up 23% on the previous half to total $302.3m, a beat on the broker's expected $288m. 

Neutral rating and target price of $4.80.

Sector: Real Estate.

Target price is $4.80.Current Price is $4.81. Difference: ($0.01) - (brackets indicate current price is over target). If GPT meets the UBS target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena