• Funds from operations (FFO) of $322.6 million or 16.8 cents per security
• Adjusted funds from operations (AFFO) of $257.4 million and an interim distribution of 12.0 cents per security
• Investment portfolio occupancy of 98.5% and like-for-like net property income growth of 5.8%

GPT Group has announced its 2025 Interim Result, reporting strong financial and operational performance across its retail, office, and logistics portfolios. The key highlights include funds from operations (FFO) of $322.6 million or 16.8 cents per security, adjusted funds from operations (AFFO) of $257.4 million and an interim distribution of 12.0 cents per security, and a statutory net profit after tax for the half year of $329.1 million, with an investment portfolio valuation uplift of $48.3 million. The Group's investment portfolio occupancy was 98.5%, with like-for-like net property income growth of 5.8% across all sectors. GPT also announced a new $1 billion GPT QuadReal Logistics Trust 2 (GQLT2) partnership, to be seeded with $460 million of GPT balance sheet assets. The Group is in a strong financial position, with net gearing of 30.7% and $1.0 billion of available liquidity.

Barring unforeseen circumstances, GPT expects to deliver 2025 FFO of no less than 33.2 cents per security, which represents no less than 3% growth on the prior corresponding period, and a distribution of 24.0 cents per security.

GPT's ambition and strategy is unchanged, and the Group is focused on delivering long-term value to its stakeholders. The Group continues to progress its $3 billion development pipeline and is well-positioned to capitalize on growth opportunities.