GPT Group records 14.5% rise in net profit in 2018


Australia-listed REIT, GPT Group, has delivered net profit after tax of AUD1,451.7 million (USD1.03 billion) for the 12 months that ended 31 December 2018, an increase of 14.5% from the previous year.

Fund from operations (FFO) per security increased by 3.5% to 31.84 Australian cents.

The FFO growth is in line with the upgraded guidance provided by the REIT in October 2018.

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