First Impression: GPT Group (GPT) CY16

Bell Potter

Retail like-for-like income growth 3.8%, specialty sales MAT growth 2.6%, occupancy 99.6% | Office like-for-like income growth 6.3%, occupancy 97.0% | Logistics like-for-like income growth 1.4%, occupancy 95.3% | Total portfolio return 15.5% as compared to 8.9% in pcp | Net gearing 23.7% | NTA up 9.9% to $4.59 (current price $4.82) | Outlook: FFO per security growth of 2%, DPS growth approx. 5%. | Today’s share price reaction: n/a- market opens 10.00 am (previous close $4.82).


Comments

Please sign in to comment on this wire.