Brief: GPT Says Rise In Interest Rates Increased GPT's Cost Of Debt Impacting FFO Outlook For Year Ahead

GPT

20/02/2023 01:42

Feb 20 (Reuters) - GPT Group  GPT.AX :
    * RISE IN INTEREST RATES HAS INCREASED GPT'S COST OF DEBT
IMPACTING FFO OUTLOOK FOR YEAR AHEAD
    * SEES LOGISTICS PORTFOLIO TO CONTINUE TO BENEFIT FROM
ONGOING
STRUCTURAL TAILWINDS INCLUDING STRONG TENANT DEMAND
    * SEES  RETAIL SALES GROWTH TO MODERATE OVER COURSE OF 2023
    * GROUP EXPECTS TO DELIVER 2023 FFO OF APPROXIMATELY 31.3 
AU
CENTS PER SECURITY
    * GROUP EXPECTS TO DELIVER 2023 DISTRIBUTION OF 25.0 AU
CENTS PER
SECURITY

Source text for Eikon:  ID:nASXPNPhF 
Further company coverage:  GPT.AX 
 ((Reuters.Briefs@thomsonreuters.com;))