GPT Group Lifts Fiscal 2025 FFO Guidance, Helped by High Occupancy Across Portfolios

MT Newswires Live
Nov 06

GPT Group (ASX:GPT) reported an occupancy of 98% and a weighted average lease expiry (WALE) of 4.4 years for the quarter ending Sept. 30, according to a Thursday Australian bourse filing.

Retail investment portfolio occupancy was 99.6% with a WALE of 3.9 years, and office investment occupancy was 95.2% with a WALE of 4.7 years.

Logistics investment portfolio occupancy was 98.4% with a WALE of 4.7 years.

The company expects full-year funds from operations of about AU$0.34 per share, up 5.5% from a year ago and up from previous guidance of more than AU$0.332 per share.

The company maintained fiscal 2025 distribution guidance of AU$0.24 per share.

"We continue to see strong performance from our Investment portfolio, reflecting our focus on driving operational efficiencies and leasing outcomes. This has translated into further growth across our management platform and earnings for our investors," said Chief Executive Officer, Russell Proutt.

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