Company Profile For GPT Group

GPT Group (GPT.AX) (Australia Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 10:40am IST

0.58AUD

Price Change

-0.01

Percent Change

-1.69%

Analyst Recommendations

Overview

GPT Group comprises General Property Trust (Trust) and its controlled entities and GPT Management Holdings Limited (Company) and its controlled entities. The Company is engaged in investing in income producing retail, office, industrial, business parks and seniors housing properties; development of Australian retail, commercial, industrial and business park properties; property trust management; property management; funds management, and hotel management. The Company operates in nine business segments: Retail, Office, Industrial, Hotel and Tourism, Seniors Housing, Funds Management – Australia, Funds Management – Europe, Joint Venture and Corporate. GPT Company operates in Australia, Europe and the United States. GPT RE Limited is the Responsible Entity of General Property Trust. GPT RE Limited is a wholly owned controlled entity of GPT Management Holdings Limited.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, GPT Group's revenues fell 21% to A$400M. Net loss from continuing operations totaled A$928.8M vs. an income of A$351M. Revenues reflect lower rent from investment properties and decreased income from property & fund management. Net loss reflects the presence of impairment of o interest expense, increased property expenses and higher management & other administration costs.