GPT Group
(ASX:GPT) has announced that its half yearly net profit after tax increased 28.3 per cent to $752.3 million.
The group also reported its funds from operations rose 3.7 per cent to $279.8 million.
GPT Group also saw its distribution per security rise 7 per cent in the half year 2017.
The real estate group says the strong results were achieved from solid income growth across the business, and strategic investment that guaranteed the right tenant mix and high occupancy rate.
The company which continues to progress its pipeline development opportunities is working on two logistical projects with future plans to construct office towers in Western Sydney’s CBD.
Shares in GPT Group
(ASX:GPT) are trading 2.82% higher to $4.92.
