GPT Group records $400.1M half-year net profit

• GPT posted a statutory net profit of $400.1 million for the half-year ended June 30.
• The company reported funds from operations of $338.8 million and maintained a 97.6% investment portfolio occupancy.
• Management stated that active commercial developments and oversubscribed capital raising initiatives are expected to support future earnings growth.

GPT Group (ASX:GPT) recorded a $400.1 million statutory net profit for the half-year. Funds from operations reached $338.8 million or 17.7 cents per security.

The property manager increased total assets under management by 4.6% since December 2025 to $41.6 billion.

Retail portfolio occupancy was 99.8% at June 30, while the office portfolio delivered strong like-for-like NPI growth of 8.0% for the period.

“This result reflects the earnings power of the platform we are building, with strong NPI growth reflecting the quality of our assets and active management, while the growing contribution from management earnings reflects our success in attracting investors to deploy alongside us," said GPT CEO Russell Proutt.

The company stated that its fully funded Rouse Hill Expansion Project is scheduled for practical completion in late 2026.

The group is to expect to deliver FY26 FFO of approximately 35.4 cents per security, representing approximately 4% growth on FY25, and a FY26 distribution of 24.5 cents per security.

Following the announcement, the GPT share price was down at $5.13, as the firm advances its ongoing development pipeline.