GPT Group swings to FY profit, investment portfolio value adds $309m
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The news: Property investor GPT Group swung to a statutory net profit for the 2025 calendar year, boosted by a $308.5 million uplift in its investment portfolio valuation.
The numbers: GPT reported a net profit after tax of $981 million, up from a $201 million loss in 2024.
Like-for-like net property income in its investment portfolio grew 6.3%. Funds from operations (FFO) of 34 cents per share were up from 32.2 cents per share a year earlier. Full year distributions of 24 cents per share were flat compared to last year.
The company expects to deliver FFO of 35.4 cents per share in FY26, marking year-on-year growth of 4%. It expects a distribution of 24.5 cents per security.
The context: The results follow positive occupancy rate across the retail, office and logistics sectors.
CEO Russell Proutt said the strong full-year result was driven by the group's competitive advantage which enabled it to originate pricing and optimise investments.
The source: ASX
