GPT Group (ASX:GPT) Full Year 2024 Results

Key Financial Results

• Revenue: AU$992.1m (up 7.9% from FY 2023).
• Funds from operations (FFO): AU$616.3m (up 2.6% from FY 2023).
• FFO margin: 62% (down from 65% in FY 2023).
• FFO per share: AU$0.3 (up from AU$0.31 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GPT Group Revenues Disappoint

Revenue missed analyst estimates by 18%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of AU$406.1m (41% of total revenue). The most substantial expense, totaling AU$790.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GPT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for GPT Group (1 is significant!) that we have uncovered.

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