Latest GPT (ASX:GPT) News

GPT Group has announced an estimated distribution of 12.0 cents per stapled security for the first half of 2025, setting the stage ahead of its interim results release in August.

GPT Group and QuadReal Property Group have partnered to create a $1 billion logistics joint venture focused on Australia's east coast, aiming to expand their footprint in stabilised and core plus logistics assets.

GPT Group unveiled a strategic pivot towards co-investment alongside capital partners, reporting resilient 2024 earnings and expanding its retail management platform through key partnerships and asset acquisitions.

The GPT Group reveals robust occupancy and leasing growth in 2024, offset by a statutory loss driven by property valuation declines. Strategic partnerships and development projects position the company for future earnings expansion.

GPT Group has confirmed a fully unfranked ordinary dividend of AUD 0.12 per security for the six months ending December 2024, payable on February 28, 2025.

The GPT Group reported a strong 38.4% increase in total revenues for 2024 but posted a net loss after tax of $200.7 million. Despite this, the property trust declared a 12.00 cent distribution per stapled security, signaling confidence in its underlying operations.

GPT Management Holdings Limited reported a substantial net loss of $40.6 million for the year ended December 31, 2024, despite a 31.7% increase in total revenues to $340 million. No dividends were declared, signaling a cautious outlook amid challenging conditions.

The GPT Group has forged a strategic partnership for Rouse Hill Town Centre and increased its ownership in Highpoint Shopping Centre to 25%, unlocking $176 million in net proceeds to reduce gearing and fuel future investments.