GPT upgrades 2025 guidance on strong portfolio performance

The GPT Group reported a strong September quarter 2025, with an overall investment portfolio occupancy of 98.0% and a weighted average lease expiry (WALE) of 4.4 years. The Retail portfolio achieved 99.6% occupancy and a WALE of 3.9 years, with total centre sales up 3.4% and total specialty sales increasing by 4.8% compared to the prior corresponding period in 2024. Office occupancy stood at 95.2% with a 4.7-year WALE, and Logistics occupancy was 98.4% with a 4.7-year WALE.

GPT has upgraded its 2025 Funds from Operations (FFO) guidance to approximately 34.0 cents per security, representing growth of approximately 5.5% on the prior corresponding period. This is an increase from the previously provided guidance of no less than 33.2 cents per security. The Group maintains its 2025 distribution guidance at 24.0 cents per security.

Key transactions include the exchange of contracts for a 50% interest in Grosvenor Place, Sydney, valued at $860 million, and the settlement of GPT's new logistics partnership, GPT QuadReal Logistics Trust 2, in August 2025.