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  1. Homepage
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  5. The GPT Group
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    GPT   AU000000GPT8

THE GPT GROUP

(GPT)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-01 am EST
4.500 AUD   +0.45%
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

08/15/2022 | 10:31pm EST

GPT Group reported first half funds from operations well ahead of Ord Minnett's forecast due to higher retail net operating income and fewer abatements and land tax rebates than a year ago.

2023 guidance is at the top end of the previous range, implying an in-line second half, as rising debt costs start to have an impact and will be a bigger headwind for earnings, the broker notes.

The office portfolio remains a challenge, with plenty of expiry in difficult leasing markets, and gearing is at the middle to end of the target range ahead of a likely devaluation cycle, suggesting asset sales are likely needed to fund developments.

Lighten retained, target rises to $4.75 from $4.60.

Sector: Real Estate.

Target price is $4.75.Current Price is $4.46. Difference: $0.29 - (brackets indicate current price is over target). If GPT meets the Ord Minnett target it will return approximately 6% (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
CI
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 542 M 542 M
Net income 2022 596 M 400 M 400 M
Net Debt 2022 4 922 M 3 302 M 3 302 M
P/E ratio 2022 14,2x
Yield 2022 5,59%
Capitalization 8 582 M 5 757 M 5 757 M
EV / Sales 2022 16,7x
EV / Sales 2023 16,4x
Nbr of Employees 500
Free-Float 99,5%
Chart THE GPT GROUP
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The GPT Group Technical Analysis Chart | MarketScreener
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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 4,48 AUD
Average target price 4,77 AUD
Spread / Average Target 6,46%
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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