0109 GMT - GPT's shares rise 4.3% after its annual earnings guidance beats expectations, although Jarden says the Australian property company's distribution outlook signals challenges remain. GPT expects funds from operations of 32.5-33.1 Australian cents per security in 2025, representing 1%-3% growth on the prior year. Analyst Lou Pirenc says that was better than he expected, which was an outcome at the bottom end of the range. Still, GPT also projected a flat distribution of A$0.24/security, which "suggests pressure on cash flow/adjusted funds from operations to remain real," Jarden says. It keeps a neutral call on the stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 16, 2025 20:09 ET (01:09 GMT)
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