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GPT declares healthy profit despite slowdown in speciality retail sales

People & Companies / Latest News

Australia

Feb 14 2017

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Simon Johanson and Carolyn Cummins, The Sydney Morning Herald

A big lift in property values and improving income from office markets in Melbourne and Sydney have delivered one of the country's largest diversified real estate investment trusts a substantial boost in profit.

GPT Group, which lists shopping centres, high-rise city offices and industrial estates in its property portfolio, said it earned $1.153 billion in net profit after tax for 2016.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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