Australia's GPT Group hits over one-week high on forecast upgrade

GPT

07/11/2025 03:02

** Shares of GPT Group GPT.AX rise 3.2% to A$5.51, their highest level since October 29
** After market hours on Thursday, retail assets operator updated FY2025 forecast for funds from operations (FFO) to 34 Australian cents per share, up from previous estimate of no less than 33.2 Australian cents apiece
** Shares up for a third straight session
** Stock up 26.1% YTD, including current session moves

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.shaikh@thomsonreuters.com))