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General Information

GPT Group
GPT
http://www.gpt.com.au
Diversified Real Estate Investment Trusts
8,284
1,778

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$4.68 $4.66 $4.73 $4.59 $4.66 5507211 $0.02 ( 0.43% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
03/08/2015
3

Company Overview

Business Description
GPT Group (GPT) is a property investment company. GPT is an active owner and manager of an $9.4 billion diversified portfolio of Australian retail, office and logistics and business parks property assets. GPT also managed two funds, the GPT Wholesale Office Fund (GWOF) and the GPT Wholesale Shopping Centre Fund (GWSCF).
Strategy Analysis
The current strategy is focused on the active ownership of Australian retail, office and industrial property while reducing stakes in wholesale funds and retail, continuing to exit non-core businesses and grow Australian funds management fees. GPT Group reported General Property Trust's NPAT of $594.5m for the year ended 31 December 2012. Revenues from ordinary activities were $993.4m, up 17% from last year. Diluted EPS was 30.8 cents compared to 15.4 cents last year. Net operating cash flow was $420.4m compared to $413.2m last year. The final distribution declared was 5.1 cents, taking the full year distribution to 19.3 cents compared with 17.8 cents last year.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 513.2 28.9 2.7% 16.0 22.0 4.8% 0.0%
2015 F 497.0 28.1 5.0% 16.4 21.5 4.7% 0.0%
2014 A 452.1 26.8 4.2% 14.6 21.2 5.4% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Charter Hall (CHC) $1,936M 0.0648 0.1117 0.0493 19.3260 17.3850 16.5680 4.68% 5.13% 5.38%
Growthpoint Properties Australia (GOZ) $1,883M -0.1386 0.1750 0.0706 18.6900 15.9058 14.8564 5.74% 5.95% 6.35%
GPT Group (GPT) $8,212M -0.2200 0.1186 0.0270 18.3844 16.4354 16.0028 4.59% 4.76% 4.96%
Mirvac Group (MGR) $7,027M 0.0731 0.0477 0.0602 16.1978 15.4597 14.5817 4.74% 4.95% 5.25%
Stockland (SGP) $10,132M 0.0688 0.0803 0.0778 17.9423 16.6086 15.4095 5.59% 5.59% 5.71%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.48 17.30 1.13 2.41
Market 0.90 16.30 1.34 1.33
Sector 1.57 15.10 1.18 2.20

Directors

Name Position Start Date
Mr Michael Andrew Cameron Chief Executive Officer, Managing Director 01/05/2009
Mr Robert (Rob) Alexander Ferguson Non-Executive Chairman 25/05/2009
Mr Brendan Patrick Crotty Non-Executive Director 22/12/2009
Mr Gene Thomas Tilbrook Non-Executive Director 11/05/2010
Dr Eileen Joy Doyle Non-Executive Director 01/03/2010
Mr Swe Guan Lim Non-Executive Director 23/03/2015
Mr Eric John Goodwin Non-Executive Director 24/11/2004
Ms Anne McDonald Non-Executive Director 02/08/2006

Management

Name Position
Mark Fookes Chief Financial Officer
Carmel Hourigan Chief Investment Officer
James A Coyne Company Secretary,General Counsel
Nicholas Harris Head of Funds Management

Substantial Shareholders

Holding Name
198,083,929 (11.75%) Uni Super
118,329,615 (7.02%) BlackRock Investment Management (Australia) Limited (formerly Barclays Global Investors Australia)

Calendar of Events

Date Event
28 March 2016 Report (Annual)
22 February 2016 Report (Interim)
22 February 2016 Report (Prelim)
11 September 2015 Div Pay Date
11 August 2015 Report (Interim)
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