GPT proceeds with caution

GPT is shifting its focus away from earnings per share to total returns, eyeing off greater growth and efficiency by maintaining the quality of its portfolio and balance sheet.

For much of the time since Michael Cameron became chief executive of GPT in 2009 he has been in restoration and rebuilding mode. Now he’s about to embark on some cautious expansion.

When he arrived at GPT, it was still reeling from its misadventures late in the debt and leveraged-fuelled pre-crisis era for the A-REITs and, in particular, its own disastrous joint venture with Babcock & Brown.


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