GPT Group (GPT.AX, GPTGF.PK), an Australian owner, manager, and developer of retail assets, reported that occupancy for its Retail portfolio remains high at 99.6 percent. Centre sales growth for the March 2024 quarter was up 4.8 percent on March quarter last year.
Portfolio occupancy was 98.2% in March 2024 quarter.
GPT said it now has assets under management of A$35.3 billion. This includes a A$12.9 billion balance sheet portfolio, and managing approximately A$22 billion on behalf of its 60 plus external wholesale clients across its Management Platform.
GPT continues to expect to deliver funds from Operations of approximately 32.0 cents per security, and a distribution of 24.0 cents per security for the full year 2024.
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