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Business Description: GPT Group (GPT) is a property company which focuses on active ownership of Australian real estate in the retail, office and logistics/business park sectors. Funds Management and selective development complete this focus. GPT is a stapled security comprising a unit in the trust and a share in the management company.
Strategy Analysis: The current strategy is focused on the active ownership of Australian retail, office and industrial property while reducing stakes in wholesale funds and retail, continuing to exit non-core businesses and grow Australian funds management fees.
GPT Group reported General Property Trust's NPAT of $594.5m for the year ended 31 December 2012. Revenues from ordinary activities were $993.4m, up 17% from last year. Diluted EPS was 30.8 cents compared to 15.4 cents last year. Net operating cash flow was $420.4m compared to $413.2m last year. The final distribution declared was 5.1 cents, taking the full year distribution to 19.3 cents compared with 17.8 cents last year.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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