Yesterday afternoon, ASX 200 company GPT Group (ASX: GPT) upgraded its 2025 full-year guidance, buoyed by a strong September quarter. Retail investment portfolio occupancy hit 99.6%, while group-wide weighted average lease expiry (WALE) stood at 4.4 years.
What did The GPT Group report?
- Group investment portfolio occupancy was 98.0% for the quarter ending 30 September 2025
- Retail portfolio occupancy reached 99.6%, with specialty sales up 4.8% on the prior year
- Office portfolio occupancy was 95.2%, with a WALE of 4.7 years
- Logistics portfolio occupancy was 98.4%, with a WALE of 4.7 years
- Funds from Operations (FFO) guidance for 2025 upgraded to 34.0 cents per security (up 5.5%)
- 2025 distribution guidance unchanged at 24.0 cents per security
What else do investors need to know?
The Group exchanged contracts post-quarter end for a 50% interest in Grosvenor Place, Sydney. This $860 million transaction is in partnership with the Commonwealth Superannuation Corporation, expanding GPT's office footprint in a landmark location.
During the quarter, GPT settled its new logistics partnership with QuadReal, called GPT QuadReal Logistics Trust 2. This partnership aims to support future growth in GPT's logistics assets and offer new income streams for investors.
What did The GPT Group management say?
Russell Proutt, Chief Executive Officer said:
We continue to see strong performance from our Investment portfolio, reflecting our focus on driving operational efficiencies and leasing outcomes. This has translated into further growth across our management platform and earnings for our investors.
What's next for The GPT Group?
Looking ahead, GPT is focused on consolidating its growth through operational efficiencies and strategic partnerships. The upgraded full-year FFO guidance reflects confidence in the business's ability to deliver results for investors.
With investments in high-occupancy assets and selective acquisitions like Grosvenor Place, the Group is positioning itself to ride out market shifts and support long-term unitholder returns.
The GPT Group share price snapshot
GPT Group shares have risen 16% over the past 12 months, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.
