GPT expects FY income rise

Company News


GPT Group (ASX:GPT) says it expects to generate a realised operating income for the full year of $471.8 million, up slightly on the previous year.
 
The property company says the pre-release of earnings will allow it to reactivate its on-market share buyback scheme ahead of the release of its full-year results on February 13.
 
Realised operating income per ordinary security is expected to be 25.7 cents, while earnings per share growth is expected to be just over 6 per cent.
 
CEO and Managing Director Michael Cameron says the company remains focused on the effective allocation of capital to generate the strongest possible return for security holders.

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