The GPT Group (ASX:GPT) Targets Upto 3% FFO Growth in 2025, Expects Distribution of 24 cps

Tue 25 Mar 25, 01:11 AM | Team Kalkine

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Highlights

GPT recorded an FFO of AUD 616.3 million in FY24, reflecting a 2.6% YoY increase, with a total investment portfolio of AUD 785.4 million and an occupancy rate of 98.6%.

The company is expanding its investment portfolio, including an AUD 200 million Rouse Hill Town Centre expansion and a partnership with Perron Group.

GPT expects 1% to 3% rise in FFO for 2025.

The GPT Group (ASX:GPT) is a diversified property company in Australia that manages and owns a portfolio of retail, logistics, and office assets. Recently, the company announced that its director, Russell Proutt, acquired 67,521 stapled securities at nil consideration.

In the full year ended 31 December 2024, the company recorded Funds From Operations (FFO) of AUD 616.3 million, a 2.6% increase from the previous year’s AUD 600.9 million. The total investment portfolio slightly grew to AUD 785.4 million from AUD 784.7 million, while Adjusted Funds from Operations (AFFO) saw a 3.7% YoY decline, reaching AUD 470.0 million from AUD 488.0 million in FY23.

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