GPT Group
GPT: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$1.46 | Fkn | Kcmxcnf |
GPT Continues to Grow Industrial Exposure, Though Retail and Office Still Dominate
Business Strategy and Outlook
GPT’s retail, office and industrial properties generate about three quarters of recurring revenue. Another 20% comes from funds management. We expect growth in the funds management division will largely track the value of properties held in its fund vehicles. GPT has some major developments in the pipeline, particularly in the office and industrial space, and as these complete, we expect rental income to become a larger portion of revenue over time.