GPT Group: Interim result 2013

Following a disastrous, debt-fuelled acquisition binge overseas, GPT Group resembles its old self. But Nathan Bell sees new challenges.

GPT Group’s share price has almost increased four-fold since reaching a low of $0.96 In March 2009. High occupancy levels and reliable rent increases from the company’s first class Australian property portfolio have produced steady distributions since the company raised billions in new capital, reduced its gearing levels and exited overseas markets after the GFC.


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