GPT Group 1H16 Earnings Result

GPT.ASX reported first half earnings of $270m or $0.15 per share. This reflects 6% growth on the same time last year. Retail and office rent growth was okay, yet the logistics rental growth was flat.

FY17 EPS growth should remain in the 5 – 6% range, placing the stock on a forward yield of 4.4% based on $0.24 dividends per share (DPS).

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