A director at GPT Group bought 12,500 shares at 4.410AUD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
The general evaluation of GPT GROUP (AU), a company active in the Real Estate Investment Trusts industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 4, 2022, the closing p...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Narrow-moat GPT Group is raising equity to buy stakes in office and retail assets in Sydney’s Cockle Bay. The equity that is being raised comprises an AUD 800 million underwritten institutional placement, in addition to a non-underwritten security purchase plan for retail investors capped at AUD 50 million. The placement is priced at AUD 6.07 per security, a 4% discount to the prior closing price. The SPP, which closes on July 15, is priced 2.2% lower at AUD 5.94, because SPP securities won’...
Narrow-moat GPT Group is raising equity to buy stakes in office and retail assets in Sydney’s Cockle Bay. The equity that is being raised comprises an AUD 800 million underwritten institutional placement, in addition to a non-underwritten security purchase plan for retail investors capped at AUD 50 million. The placement is priced at AUD 6.07 per security, a 4% discount to the prior closing price. The SPP, which closes on July 15, is priced 2.2% lower at AUD 5.94, because SPP securities won’...
Narrow-moat GPT Group is raising equity to buy stakes in office and retail assets in Sydney’s Cockle Bay. The equity that is being raised comprises an AUD 800 million underwritten institutional placement, in addition to a non-underwritten security purchase plan for retail investors capped at AUD 50 million. The placement is priced at AUD 6.07 per security, a 4% discount to the prior closing price. The SPP, which closes on July 15, is priced 2.2% lower at AUD 5.94, because SPP securities won’...
We reiterate our AUD 5.40 fair value estimate for narrow-moat GPT Group following transfer of coverage to a new analyst. At current levels, shares screen as slightly overvalued. While the firm owns a high-quality property portfolio, we’d wait for a correction before recommending buying. Key risks include likely rising interest rates over the longer term, ongoing loss of sales to online channels and economically sensitive office properties. The retail portfolio consists of interests in 15 shop...
We reiterate our AUD 5.40 fair value estimate for narrow-moat GPT Group following transfer of coverage to a new analyst. At current levels, shares screen as slightly overvalued. While the firm owns a high-quality property portfolio, we’d wait for a correction before recommending buying. Key risks include likely rising interest rates over the longer term, ongoing loss of sales to online channels and economically sensitive office properties. The retail portfolio consists of interests in 15 shop...
We reiterate our AUD 5.40 fair value estimate for narrow-moat GPT Group following transfer of coverage to a new analyst. At current levels, shares screen as slightly overvalued. While the firm owns a high-quality property portfolio, we’d wait for a correction before recommending buying. Key risks include likely rising interest rates over the longer term, ongoing loss of sales to online channels and economically sensitive office properties. The retail portfolio consists of interests in 15 shopp...
GPT Group’s first-quarter operational update confirms our view of a challenged environment for retail property landlords. Total sales for tenants in the shopping centre portfolio were up only 1.3% in the year to end March, pointing to a significant slowing on the 2.4% growth for the year to December 2018. For the high rent-paying specialty tenants, operating performance was similarly weak. Trailing 12-month specialty sales growth was 1.9% at end March, versus 3.6% at end December 2018. Prepare...
GPT Group’s first-quarter operational update confirms our view of a challenged environment for retail property landlords. Total sales for tenants in the shopping centre portfolio were up only 1.3% in the year to end March, pointing to a significant slowing on the 2.4% growth for the year to December 2018. For the high rent-paying specialty tenants, operating performance was similarly weak. Trailing 12-month specialty sales growth was 1.9% at end March, versus 3.6% at end December 2018. Prepare...
GPT Group’s first-quarter operational update confirms our view of a challenged environment for retail property landlords. Total sales for tenants in the shopping centre portfolio were up only 1.3% in the year to end March, pointing to a significant slowing on the 2.4% growth for the year to December 2018. For the high rent-paying specialty tenants, operating performance was similarly weak. Trailing 12-month specialty sales growth was 1.9% at end March, versus 3.6% at end December 2018. Prepare...
GPT’s disposal of its 50% stake in the MLC office tower for AUD 800 million, a 3% premium to book value, is a good outcome. Our fair value estimate for narrow-moat-rated GPT remains at AUD 5.40, with the stock screening as overvalued currently trading around AUD 6.20. The main benefit for GPT is the ability to redeploy the capital released from a low-yielding and sharply priced prime Sydney CBD office asset into other assets with superior long-term growth prospects. Initially capital will be u...
GPT’s disposal of its 50% stake in the MLC office tower for AUD 800 million, a 3% premium to book value, is a good outcome. Our fair value estimate for narrow-moat-rated GPT remains at AUD 5.40, with the stock screening as overvalued currently trading around AUD 6.20. The main benefit for GPT is the ability to redeploy the capital released from a low-yielding and sharply priced prime Sydney CBD office asset into other assets with superior long-term growth prospects. Initially capital will be ...
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