ASX:GPT

6 stories mentioning ASX:GPT

Every FINWIRES story that references ASX:GPT, newest first.

GPT Group's Wholesale Shopping Centre Fund Acquires 50% Stakes in Two Retail Assets

GPT Group (ASX:GPT) said its wholesale shopping center fund (GWSCF) agreed to acquire 50% interests in Sunshine Plaza in Maroochydore, Queensland, and Macarthur Square in Campbelltown, New South Wales, from the Lendlease Group (ASX:LLC)-managed Australian prime property fund, according to a Monday filing with the Australian bourse.The acquisitions include AU$622 million for the Sunshine Plaza stake and AU$568 million for the Macarthur Square stake, excluding transaction costs, per the filing.The company and GWSCF will each hold a 50% interest in Sunshine Plaza upon completion, while GWSCF will own 100% of Macarthur Square.The acquisitions will be funded via GWSCF's oversubscribed equity raise and existing debt capacity, with completion expected in July, subject to customary conditions and approvals, the filing said.The company will continue to manage leasing, property operations, and development activities for both assets, the filing added.GPT Group's shares gained about 1% in recent Monday trade.

ASX:GPTASX:LLC

Asia40d ago

GPT Group Reports Nearly 98% Investment Portfolio Average Occupancy in March Quarter

GPT Group (ASX:GPT) reported group investment portfolio average occupancy of about 98%, and a weighted average lease expiry (WALE) of 4.5 years for the quarter ended March 31, according to a Wednesday filing with the Australian bourse.Retail investment portfolio occupancy was close to 100%, with a WALE of 3.8 years, while total center sales were up 4.2%, and total specialty sales increased 3.9% on the previous corresponding period, the filing said.The company reaffirmed its fiscal 2026 guidance of funds from operations of about AU$0.354 per security and distribution of AU$0.245 per security, per the filing.

ASX:GPT

Wire59d ago

GPT Group Says BlackRock Increases Stake

GPT Group (ASX:GPT) said BlackRock Group and its subsidiaries have increased their stake in the company on Wednesday to 7.34% or 140.6 million shares from 6.3% or 120.7 million shares, according to a Friday Australian bourse filing.

ASX:GPT

Asia59d ago

GPT Group's Oversubscribed AU$610 Million Raise to Support Growth Initiatives, No Immediate Earnings Boost, Says Jefferies

GPT Group's (ASX:GPT) AU$610 million oversubscribed capital raise for its retail fund signals robust investor demand and an increased tempo of growth initiatives, even as it is expected to not result in immediate earnings boost, Jefferies said in a note on Thursday.The raise exceeded its original target of AU$500 million for the GPT Wholesale Shopping Centre Fund, in which GPT holds a 33.3% stake, reflecting continued confidence in large-scale retail assets amid a limited supply outlook for regional and sub-regional retail space.The investment firm said the earnings impact from the raise is modest, amounting to roughly 0.4% accretion when fully deployed, but it increases future investment capacity coupled with borrowing, to about AU$820 million.Jefferies maintained a hold rating but raised its price target by 9% to AU$5.04.

ASX:GPT

Asia60d ago

GPT Group Completes Oversubscribed AU$610 million GWSCF Equity Raise

GPT Group (ASX:GPT) has confirmed the close of its GPT wholesale shopping center fund (GWSCF) equity raise, which attracted strong investor demand and was capped at around AU$610 million, surpassing its original AU$500 million target, according to a Thursday filing with the Australian bourse.The funds will be used to support its future growth initiatives, the filing added.The company's shares fell around 1% in recent Thursday trade.

ASX:GPT

Japan66d ago

ASX Midday Sector Update: Real Estate Stocks Marginally Higher, Information Technology Falls

Real estate stocks were marginally higher in midday trading Friday, as all other sectors flashed red amid continued uncertainty surrounding the US-Iran ceasefire and the passage of oil through the Strait of Hormuz.Shares of GPT Group (ASX:GPT) rose less than 1% after the company said it continues to expect full-year 2026 funds from operations of about AU$0.354 per security, representing growth of roughly 4%.Information technology stocks fell 3% to lead broader declines, followed closely by energy stocks, which were down 2%.NOVONIX (ASX:NVX) was up almost 4% after saying the US Government has certified its Riverside project in connection with $103 million in tax credits previously allocated under the Advanced Energy Project Credit Program.

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