Australia's GPT Group climbs to 2-week high after FY24 earnings, distribution forecast

GPT

08/05/2024 03:51

** Shares of GPT Group  GPT.AX  rise as much as 1.8% to
A$4.295, their highest level since April 23
    ** The real estate co says it continues to expect to deliver
2024 Funds from Operations of about 32 AU cents per security
    ** Co also expects distribution of 24 AU cents per security
for 2024
    ** More than 1.2 mln shares change hands, compared with the
30-day average volume of 4.4 mln shares
    ** Stock down 9.1% this year, as of last close

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))