• Funds from operations of $650.5 million or 34.0 cents per security
• Statutory net profit after tax of $981.0 million, with portfolio valuation uplift of $308.5 million
• Net tangible assets per security of $5.53 and net gearing of 31.1%

GPT Group has announced its 2025 annual result, reporting strong financial and operational performance across its diversified property portfolio. Funds from operations were $650.5 million or 34.0 cents per security, with adjusted funds from operations of $494.4 million and a full year distribution of 24.0 cents per security. Statutory net profit after tax for the full year was $981.0 million, with an investment portfolio valuation uplift of $308.5 million. Net tangible assets per security were $5.53, and the group maintained a strong financial position with net gearing of 31.1% and liquidity of $1.2 billion. Operationally, the group achieved high portfolio occupancy of 97.6%, with like-for-like net property income growth of 6.3% across all sectors. Key highlights included the $200 million Rouse Hill Town Centre expansion, the new $1 billion GPT QuadReal Logistics Trust 2 partnership, and the acquisition of a 50% interest in Grosvenor Place, Sydney. The group's retail, office, and logistics portfolios all delivered strong operational and financial results.

Barring unforeseen circumstances, the Group expects to deliver FY 2026 FFO of approximately 35.4 cents per security, representing approximately 4% growth on FY 2025 (approximately 5.7% growth excluding trading profits), and a FY 2026 distribution of 24.5 cents per security.

GPT's Chief Executive Officer, Russell Proutt, said: 'We believe our competitive advantage lies in our ability to excel at both investment and operations, as it is the combination that enables us to effectively originate, price and optimise investments. This depth of expertise across sectors positions GPT well for success going forward.'