Australia's GPT Group gains most in over 14 months on raised FFO forecast

GPT

17/02/2025 01:29

** Shares of GPT Group  GPT.AX  rise as much as 6% to
A$4.930, their biggest intraday gain since Dec. 2023
    ** Stock at its highest level since Oct. 2024
    ** Retail assets operator expects to deliver 2025 funds from
operations (FFO) between 32.5 Australian cents to 33.1 Au cents
per security vs previously declared 32 Au cents per security
    ** Co also reported A$616.3 million ($391.72 million) profit
from operations for FY, up 2.6% from last year
    ** Stock up 11.1% YTD, including current session's moves

($1 = 1.5733 Australian dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))