GPT GROUP (GPT)
Share Price Analysis and Chart

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GPT - GPT GROUP

FNArena Sector : Infra & Property Developers
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: 9.92
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

The GPT Group is a Real Estate Investment Trust that owns, manages and develops retail assets, mainly high quality shopping centres across Australia. It was Australia's first ever property trust that publicly listed on the ASX back in 1971.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.15

05 Dec
2023

-0.050

OPEN

$4.18

-1.19%

HIGH

$4.21

5,289,300

LOW

$4.14

TARGET
$4.824 16.2% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GOZ . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GPT: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 24.5 31.3 xxx
DPS (cps) xxx 25.0 25.0 xxx
EPS Growth xxx - 66.9% 27.6% xxx
DPS Growth xxx 7.8% 0.0% xxx
PE Ratio xxx N/A 13.7 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 102.0% 80.0% xxx

Dividend yield today if purchased 3 years ago: 5.35%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.83

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - ex-div 12.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx24.5
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx816.0 M
Book Value Per Share xxxxxxxxxxxxxxx599.1
Net Operating Cash Flow xxxxxxxxxxxxxxx564.4 M
Net Profit Margin xxxxxxxxxxxxxxx57.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx4.05 %
Return on Invested Capital xxxxxxxxxxxxxxx2.94 %
Return on Assets xxxxxxxxxxxxxxx2.72 %
Return on Equity xxxxxxxxxxxxxxx4.05 %
Return on Total Capital xxxxxxxxxxxxxxx3.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-156.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx714 M
Long Term Debt xxxxxxxxxxxxxxx4,384 M
Total Debt xxxxxxxxxxxxxxx5,098 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx60 M
Price To Book Value xxxxxxxxxxxxxxx0.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx290.6 M
Capex % of Sales xxxxxxxxxxxxxxx35.61 %
Cost of Goods Sold xxxxxxxxxxxxxxx228 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx79 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,486 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

06/11/2023

3

Equal-weight

$4.25

2.41%

GPT Group's quarterly update featured a reiteration of 2023 funds from operations guidance. Office occupancy is now at 90.4%, up from 88.5% throughout the first half. Management had targeted 90% by December.

Retail sales remain in positive Territory, Morgan Stanley notes, but the trend is downward. The mild concern for the broker is that retail
occupancy cost has crept up by 20bps to 15.9% in the last quarter, implying rent is now growing faster than sales, which is not sustainable into the medium term.

Equal-weight and $4.25 target retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY23 dividend of 25.00 cents and EPS of 31.30 cents.
Morgan Stanley forecasts a full year FY24 dividend of 25.30 cents and EPS of 31.60 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

GPT STOCK CHART

FNArena News on GPT

1
November In Review: Equities Up As Bond Yields Slide

11:18 AM - Australia
2
Rudi’s View: Quality In Stocks; What Is It Good For?

Nov 22 2023 - Rudi's View
3
In Brief: House Prices, REITs, Commodities & Superannuation 

Nov 17 2023 - Weekly Reports
4
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
5
Rudi’s View: Bonds & Equities; Joined At The Hip

Oct 25 2023 - Rudi's View

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