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    GPT   AU000000GPT8

THE GPT GROUP

(GPT)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-02 am EST
4.400 AUD   -2.22%
11/24GPT Group Sells 2 Logistics Assets in Australia for $173.1 Million
MT
11/24NashCap Pty. Ltd. agreed to acquire Rosehil Business Park, Camelia, NSW and Citiport Business Park, Port Melbourne, VIC from The GPT Group for approximately AUD 250 million.
CI
09/02The GPT Group Gets the Property Management of Pacific Fair Shopping Centre and ACRT
CI
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Ord Minnett rates GPT as Lighten

07/17/2022 | 10:31pm EST

Ord Minnett revisits REITs after recent market falls and nominates GPT Group as its least favourite sector pick, given it has the lowest interest rate hedging in the sector, at a time of rising inflation.

GPT Group has also raised its gearing to its highest level since 2008 and Ord Minnett spies an asset correction in the wings.

The broker also believes vacancy risk exists in the company's office portfolio, with more than 30% of the portfolio due to expire before the end of 2024.

Lighten rating retained. Target price is $4.60.

Sector: Real Estate.

Target price is $4.60.Current Price is $4.47. Difference: $0.13 - (brackets indicate current price is over target). If GPT meets the Ord Minnett target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena

All news about THE GPT GROUP
11/24GPT Group Sells 2 Logistics Assets in Australia for $173.1 Million
MT
11/24NashCap Pty. Ltd. agreed to acquire Rosehil Business Park, Camelia, NSW and Citiport Bu..
CI
09/02The GPT Group Gets the Property Management of Pacific Fair Shopping Centre and ACRT
CI
08/18THE GPT GROUP : Ex-dividend day for interim dividend
FA
08/15Ord Minnett rates GPT as Lighten
AQ
08/14Transcript : The GPT Group, H1 2022 Earnings Call, Aug 15, 2022
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08/14The GPT Group Declares Distribution for the Six Months Ended 30 June 2022, Payable on 3..
CI
08/14The GPT Group Provides 2022 Distribution Guidance
CI
08/14The GPT Group Reports Earnings Results for the Half Year Ended June 30, 2022
CI
07/17Ord Minnett rates GPT as Lighten
AQ
More news
Financials
Sales 2022 807 M 550 M 550 M
Net income 2022 596 M 406 M 406 M
Net Debt 2022 4 922 M 3 350 M 3 350 M
P/E ratio 2022 14,0x
Yield 2022 5,69%
Capitalization 8 429 M 5 737 M 5 737 M
EV / Sales 2022 16,5x
EV / Sales 2023 16,2x
Nbr of Employees 500
Free-Float 99,5%
Chart THE GPT GROUP
Duration : Period :
The GPT Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE GPT GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 4,40 AUD
Average target price 4,77 AUD
Spread / Average Target 8,40%
EPS Revisions
Managers and Directors
Robert William Johnston Chief Executive Officer, MD & Director
Anastasia Clarke Chief Financial Officer
Vickki A. McFadden Chairman
Mark Fookes Chief Operating Officer
Michelle Somerville Independent Non-Executive Director
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