- FFO Beats Estimates: GPT Group’s Funds From Operations (FFO) for the first half of 2024 came in at A$309.1 million, surpassing the estimate of A$301.1 million.
- FFO Per Share: FFO per share stood at A$0.1614, slightly above the estimate of A$0.16.
- Net Loss: The company reported a net loss of A$249.4 million, a significant increase compared to the loss of A$1.1 million year-over-year.
- Retail Income: Income from retail funds was A$20.6 million.
- Office Income: Income from office funds stood at A$31.7 million.
- Interim Distribution: Interim distribution per share was A$0.120.
- Revenue: The company’s revenue was A$57.9 million, a sharp decline of 78% year-over-year.
- Analyst Ratings: Among analysts, there are 6 buy ratings, 2 hold ratings, and 2 sell ratings for the GPT Group’s stock.
A look at Gpt Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Gpt Group‘s outlook based on their Smart Scores, a rating system ranging from 1 to 5 for different factors. Looking at the scores, Gpt Group has received strong ratings in Value and Dividend at 4 out of 5, indicating favorable positioning in terms of value and dividend payouts compared to its peers. However, the company’s Growth and Resilience scores are lower at 2, suggesting potential areas for improvement in these areas. On the bright side, Gpt Group has scored a solid 4 in Momentum, reflecting positive market momentum that could bode well for the company’s future performance.
Gpt Group, known for its diversified portfolio of Australian retail, office, and industrial properties including iconic assets like the MLC Centre and Melbourne Central, seems to be in a solid position with its strong Value, Dividend, and Momentum scores. While there is room for growth and improvement in terms of Growth and Resilience, the company’s core strengths in value and dividend payouts coupled with positive market momentum paint a promising long-term outlook for Gpt Group as assessed by the Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
