The GPT Group
(ASX:GPT) has reported net profit of $868.1 million, a 34.5 per cent increase on the prior year.
Funds From Operations also grew by 11 per cent to $501.7 million.
Net Tangible Assets per security came in at $4.17, up 5.8 per cent.
The company says its strong performance reflected positive trading conditions in the retail and office sectors and the continued demand for investment assets, which had contributed to a rise in portfolio values.
In terms of outlook, the company says it’s on track to deliver FFO per security growth of between 4 and 5 per cent for FY16.
