ASX:GPTREITs
GPT Group (ASX:GPT) Is Down 9.4% After Profit Rises Despite Lower Revenue Has The Bull Case Changed?
The GPT Group has reported its half-year results for the period ended 30 June 2026, with sales of A$428.2 million versus A$417.6 million a year earlier, total revenue easing to A$504.8 million from A$551.2 million, and net income rising to A$400.1 million from A$329.1 million.
Despite the reduction in revenue, higher net income and basic earnings per share of A$0.209 from continuing operations suggest GPT Group has improved profitability and cost efficiency over the period.
We’ll now examine...