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

$4.33

25 Jul
2024

0.040

OPEN

$4.26

0.93%

HIGH

$4.36

10,555,179

LOW

$4.24

TARGET
$4.754 9.8% 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 32.0 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 13.8 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx N/A 74.9% xxx

Dividend yield today if purchased 3 years ago: 5.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.66

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

0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

05/07/2024

1

Buy

$4.92

13.63%

Through a broad sector update on A-REITs, UBS analysts argue the sector is now less likely to find support from RBA rate cuts (as many REITs are growth challenged and funds management benefits are harder to achieve) and valuations for the winners in the sector are seen as "stretched" in the here and now.

Developers are faced with tougher conditions, with asset sales on the menu (and a must for some). Performance fees for fund managers will be much harder to achieve.

UBS has reduced forecasts across the board, placing the broker's numbers below consensus in most cases.

The broker's rating for GPT Group remains Buy. The price target has adjusted to $4.92 from $4.97.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

21/06/2024

2

Upgrade to Overweight from Underweight

$4.85

12.01%

Within Jarden's coverage of the Australian REIT sector, weighted-average funds from operations (FFO) growth forecasts are starting to improve for FY25 and FY26 to 3.6% and 7.9%, respectively, from -2.2% in FY24.

The broker believes downside risk to asset values is well reflected in current valuations, and REITs are increasingly moving to offence from defence.

Excluding Goodman Group (which remains the best quality stock in the sector), the analysts see around 18% upside to 12-month target prices.

The target for GPT Group is increased to $4.85 from $4.70 and the rating upgraded to Overweight from Underweight with shares trading at a discount to the broker's sum-of-the-parts valuation.
Access Stockbroker Research History >

GPT STOCK CHART

FNArena News on GPT

1
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
2
Pros & Cons Of Discounted A-REITs

Jul 16 2024 - Feature Stories
3
GPT Group On The Up

Jul 16 2024 - Technicals
4
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
5
Rudi’s View: Met Coal, Banks, GenAi & Buying-The-Dip

Jul 04 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