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The GPT Group Announces GPT Metro Office Fund Profit and Earnings Exceed Forecasts

FY15 Key Financial and Operational Highlights

-  Net Profit After Tax (NPAT) of $35.7 million
-  Earnings per unit of 11.28 cents, exceeding PDS guidance
-  Distribution per unit of 10.15 cents
-  Net Tangible Assets (NTA) up 9.4% to $2.09
-  $24.0 million valuation uplift
-  Successful completion of 3 Murray Rose
-  Retention of McConnell Dowell at Vantage 
-  Conservative gearing at 28.9%
 
The GPT Metro Office Fund (GMF) today announced its inaugural Annual Result, delivering a NPAT of $35.7 million for the eight months to 30 June 2015. The Fund has exceeded its Product Disclosure Statement (PDS) expectations for the period achieving earnings per unit of 11.28 cents, above the Fund’s PDS forecast of 10.33 cents, and a distribution of 10.15 cents per unit, which is 3.5 per cent above PDS forecast.
 
 
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