• Successful implementation of strategy to focus on long-term growth and shareholder value
• Strengthened leadership and capabilities, including new CIO and CFO roles
• Expanded retail platform through strategic partnerships and asset management mandates
• Ongoing capital management and investment activities to drive returns

The GPT Group has outlined its progress in executing its refreshed strategy, which focuses on long-term growth in earnings and shareholder value. In 2024, the company made meaningful strides, including developing a new organizational structure, appointing key executives such as a Chief Investment Officer and Chief Financial Officer, and undertaking strategic transactions. Despite a volatile operating environment, GPT delivered strong operational performance across its office, retail, and logistics portfolios. The company also made important changes to its employee incentive schemes to align management with securityholder value creation. Looking ahead, GPT is well-positioned to progress its strategy, with a flexible yet disciplined investment approach, a focus on sustainability, and a commitment to delivering sustainable long-term value. In the first quarter of 2025, GPT continued to execute on its strategic priorities, including securing new retail asset management mandates, increasing its ownership stake in key assets, and commencing development projects. The company remains on track to achieve its 2025 financial guidance.

GPT Group is on track to achieve its 2025 Funds From Operations (FFO) per security growth of 1-3% and distribution per security of 24.0 cents.

GPT Group is focused on scaling its platform, taking advantage of its operational excellence, and growing with its investor partners to increase return on equity and improve securityholders' long-term returns. The company sees strong opportunities to grow its Funds Management business, with plans to raise capital across multiple sectors in 2025.