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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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks