GPT GROUP (GPT)
Share Price Analysis and Chart

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GPT

GPT - GPT GROUP

FNArena Sector : Infra & Property Developers
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: 8.51
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

$4.41

24 Mar
2025

0.060

OPEN

$4.36

1.38%

HIGH

$4.43

5,109,123

LOW

$4.35

TARGET
$5.268 19.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GPT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 10.5 32.7 xxx
DPS (cps) xxx 24.0 24.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 4.0% 1.0% xxx
PE Ratio xxx N/A 13.5 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx N/A 74.3% xxx

Dividend yield today if purchased 3 years ago: 4.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.52

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-10.5
DPS All xxxxxxxxxxxxxxx24.0
Sales/Revenue xxxxxxxxxxxxxxx992.4 M
Book Value Per Share xxxxxxxxxxxxxxx527.8
Net Operating Cash Flow xxxxxxxxxxxxxxx604.0 M
Net Profit Margin xxxxxxxxxxxxxxx-20.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-1.92 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.35 %
Return on Assets xxxxxxxxxxxxxxx-1.26 %
Return on Equity xxxxxxxxxxxxxxx-1.92 %
Return on Total Capital xxxxxxxxxxxxxxx3.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-34.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx593 M
Long Term Debt xxxxxxxxxxxxxxx4,273 M
Total Debt xxxxxxxxxxxxxxx4,866 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 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 201920202021202220232024
Capex xxxxxxxxxxxxxxx170.2 M
Capex % of Sales xxxxxxxxxxxxxxx17.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx314 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx114 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11,384 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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

18/02/2025

1

Outperform

$5.38

22.00%

GPT Group's 2024 earnings were in line with guidance albeit marginally below Macquarie's estimates.

Management has indicated over the long term that assets under management could be more than $85bn through progressive conversion of $12bn in balance-sheet assets into around 20% co-investments.

The broker does not assume any new product launches and has modeled a three-year growth rate in funds under management of around 3%.

Any refinement of the company's strategy and launching of new products with third-party capital would represent upside to valuation in the medium term. Outperform. Target edges up to $5.38 from $5.36.

FORECAST
Macquarie forecasts a full year FY25 dividend of 24.00 cents and EPS of 32.60 cents.
Macquarie forecasts a full year FY26 dividend of 26.50 cents and EPS of 34.80 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

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

19/02/2025

3

Neutral

$5.10

15.65%

GPT Group's new management team has further clarified its strategy of growing external assets under management and improving returns, although execution in a crowded funds management market is now key, Jarden suggests.

Initial FY25 funds from operations guidance suggests less initial dilution than feared, but based on the headwind of interest expense, recent asset sales and lower trading profits, Jarden believes this could still prove ambitious.

After recent underperformance, expectations are arguably low, but the broker believes investors have attractive pure-play alternatives for Malls, an Office recovery or the interest rate sensitivity of funds.

The -7.5% discount to NTA and 4.9% dividend yield suggest to Jarden a risk-reward that is fairly balanced. Target rises to $5.10 from $4.95. Neutral retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 24.00 cents and EPS of 32.80 cents.
Jarden forecasts a full year FY26 dividend of 24.90 cents and EPS of 34.00 cents.
Access Extra Coverage Research History >

GPT STOCK CHART

FNArena News on GPT

1
Rudi’s View: Navigating The Trump Slump

Mar 19 2025 - Rudi's View
2
Post Bottom, Focus Shifts To A-REITs Potential

Mar 13 2025 - Feature Stories
3
Rudi’s View: To Sell Or Not To Sell

Mar 06 2025 - Rudi's View
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-02-25

Feb 21 2025 - Weekly Reports
5
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View

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Jan 15 2025 - Treasure Chest
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