Key points
- Total revenues and other income up 38.4% to $445.8 million
- Profit from operations up 2.6% to $616.3 million
- Net loss after tax down 16.4% to $200.7 million
- Distributions of 12.0 cents per stapled security
Full summary
The GPT Group has released its Appendix 4E for the financial year ended 31 December 2024. The key highlights include:- Total revenues and other income up 38.4% to $445.8 million- Profit from operations as assessed by Directors (Funds from Operations) up 2.6% to $616.3 million- Net loss after income tax expense attributable to stapled security holders down 16.4% to $200.7 million- Distributions of 12.0 cents per stapled security, with no part of the distribution constituting conduit foreign income- The DRP will not be available with respect to the December 2024 half yearly distribution- Net tangible assets per security of $5.27 as at 31 December 2024, compared to $5.61 as at 31 December 2023- No details of entities over which control has been gained or lost during the year- Share of after-tax loss of equity accounted investments increased to $286.2 million, up from $182.3 million in the prior yearThe company has provided a detailed discussion of its performance and financial position for the year ended 31 December 2024 in the attached announcement.