GPT GROUP (GPT)
Share Price Analysis and Chart

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GPT - GPT GROUP

FNArena Sector : Infra & Property Developers
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: 8.57
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

The GPT Group is a Real Estate Investment Trust that owns, manages and develops retail assets, mainly high quality shopping centres across Australia. It was Australia's first ever property trust that publicly listed on the ASX back in 1971.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.48

19 Dec
2024

-0.020

OPEN

$4.40

-0.44%

HIGH

$4.49

11,879,937

LOW

$4.38

TARGET
$5.27 17.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GPT: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 12.5 32.4 xxx
DPS (cps) xxx 25.0 24.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 4.0% xxx
PE Ratio xxx N/A 13.9 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx N/A 74.1% xxx

Dividend yield today if purchased 3 years ago: 4.72%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.57

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 12.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-12.5
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx913.9 M
Book Value Per Share xxxxxxxxxxxxxxx562.0
Net Operating Cash Flow xxxxxxxxxxxxxxx592.5 M
Net Profit Margin xxxxxxxxxxxxxxx-26.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-2.16 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.54 %
Return on Assets xxxxxxxxxxxxxxx-1.43 %
Return on Equity xxxxxxxxxxxxxxx-2.16 %
Return on Total Capital xxxxxxxxxxxxxxx3.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-63.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx277 M
Long Term Debt xxxxxxxxxxxxxxx4,556 M
Total Debt xxxxxxxxxxxxxxx4,833 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx68 M
Price To Book Value xxxxxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx183.6 M
Capex % of Sales xxxxxxxxxxxxxxx20.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx245 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx112 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11,723 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

15/11/2024

1

Overweight

$6.15

37.28%

Morgan Stanley’s analysts disagree with the view that GPT Group’s strategy to offload assets to third-party capital is potentially earnings dilutive.

The broker suggests this approach could be around 3% earnings accretive, even if management divests assets at a discount to book.

On Morgan Stanley’s estimates, even if properties are transferred off balance sheet at a -14% discount to book (at a 6.2% yield), it would still yield an earnings-neutral outcome.

Further upside could be captured through development profits if management establishes third-party vehicles with project exposures, explains the broker.

Target $6.15. Overweight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 24.00 cents and EPS of 32.20 cents.
Morgan Stanley forecasts a full year FY25 dividend of 24.90 cents and EPS of 32.50 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

01/10/2024

4

Downgrade to Underweight from Overweight

$5.10

13.84%

While Jarden is not negative on prospects for mall REITs, after strong outperformances the broker's ratings are downgraded for Vicinity Centres, Scentre Group and GPT Group.

In fact, REIT's should continue to see 3-4% comparable net operating income (NOI) growth and a 4-6% funds from operations (FFO) compound annual growth rate (CAGR) over the next few years, predict the analysts.

However, based upon transactional evidence of development returns, the broker believes a further increase in valuation premiums is not really justified.

Jarden's target for GPT Group rises to $5.10 from $5.05 and the rating is downgraded to Underweight from Overweight.
Access Extra Coverage Research History >

GPT STOCK CHART

FNArena News on GPT

1
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Dec 19 2024 - Rudi's View
2
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Dec 12 2024 - Rudi's View
3
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Dec 05 2024 - Rudi's View
4
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Nov 28 2024 - Rudi's View
5
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View

Latest Infra & Property Developers News

1
GPT Group On The Up

Jul 16 2024 - Technicals
2
Treasure Chest: Stockland

Jun 26 2024 - Treasure Chest
3
ESG Focus: Do Data Centres Threaten ESG Targets?

Jun 24 2024 - ESG Focus
4
Goodman Group’s Upward Momentum Continues

Jun 11 2024 - Technicals
5
Lendlease: Bringing It Back Home

May 30 2024 - Australia
6
Goodman Group Powers On

May 09 2024 - Australia
7
Goodman Group: Overbought

Aug 22 2023 - Technicals
8
Goodman Group: Breaking Out

May 02 2023 - Technicals
9
Goodman Group: Short Term Rally

Jul 19 2022 - Technicals
10
Goodman Silences The Critics

May 18 2022 - Australia