GPT Group (ASX: GPT) expects occupancy rate in office portfolio to increase by the end of FY23

Fri 06 Oct 23, 12:04 AM | Team Kalkine

Image source: © Sasinparaksa | Megapixl.com

Highlights

At the end of June 2023, GPT’s assets under management were AUD 32.2 billion.

In 1HFY23, tenant demand was substantial under the logistics portfolio.

In the retail portfolio segment, high occupancy, fixed rental, and tenant demand is expected in full year 2023.

The GPT Group (ASX: GPT) is an ASX-listed diversified property group, which manages and owns a portfolio of retail, office, and logistics properties in Australia. GPT’s assets under management stood at AUD 32.2 billion at the end of the first half of the financial year 2023.

During the stated period, the retail portfolio of GPT delivered a strong performance with an occupancy of 99.5%. Moreover, the tenant demand during the period was significant under the logistics portfolio.

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