GPT FFO results in line with upgraded guidance

Company News

by Anna Napoli

Property trust, GPT Group (ASX:GPT) has reported a net profit (after tax) for the 12 months to December of $1.45 billion increasing 14.5 per cent for the same time last year.

Total revaluation gains rose 6.9 per cent to $911 million.

It saw funds from operations of $574.6 million, resulting in FFO security growth of 3.5 per cent.

The company declared a distribution per security of 25.46 cents up 3.5 per cent on the prior corresponding period.

Shares in GPT Group (ASX:GPT) closed 2.01 per cent higher to $6.10.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.