• Retail portfolio occupancy at 99.7% with 3.8-year WALE
• Office portfolio occupancy at 92.2% with 4.9-year WALE
• Logistics portfolio occupancy at 98.8% with 5.0-year WALE

The GPT Group has reported its operating update for the March quarter of 2026, highlighting strong performance across its investment portfolio. The retail portfolio maintained occupancy of 99.7% with a weighted average lease expiry (WALE) of 3.8 years. Total centre sales for the quarter were up 4.2%, with specialty sales increasing 3.9% compared to the prior corresponding period. The office portfolio delivered occupancy of 92.2% and a WALE of 4.9 years. The group completed 51,400 sqm of leasing deals during the quarter, including 8,200 sqm at the Grosvenor Place asset in Sydney, which had an occupancy of 73.2% as of 31 March 2026. The logistics portfolio maintained occupancy of 98.8% with a WALE of 5.0 years, and the group has continued strong leasing momentum with 100,400 sqm of deals completed in the quarter. The company's development pipeline is also progressing, with approximately 40,000 sqm currently under construction across three facilities at the Yiribana East and West Logistics Estates in Western Sydney, expected to be completed in the second half of 2026.

Barring unforeseen circumstances, GPT reiterates previously provided guidance of 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.