The GPT Group

ASX:GPT Stock Report

Market Cap: AU$9.1b

GPT Group Future Growth

Future criteria checks 0/6

GPT Group's earnings are forecast to decline at 2.4% per annum while its annual revenue is expected to grow at 1.9% per year. EPS is expected to decline by 9% per annum. Return on equity is forecast to be 6.3% in 3 years.

Key information

-2.4%

Earnings growth rate

-9.01%

EPS growth rate

REITs earnings growth7.5%
Revenue growth rate1.9%
Future return on equity6.33%
Analyst coverage

Good

Last updated05 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 01

GPT: Execution On Developments And Leasing Will Support Future Repricing

Analysts have trimmed their GPT Group price target to A$5.41, reflecting slightly lower discount rate and future P/E assumptions following recent research, including a downgrade at Jefferies. Analyst Commentary Recent commentary around GPT Group has focused on how current pricing lines up with earnings expectations and execution risks on upcoming projects.
Narrative Update • May 11

GPT: 2026 Distributions And Reset Expectations Will Support Future Repricing

Analysts have cut GPT Group's price target to A$5.41, highlighting slightly higher discount rate and P/E assumptions and softer profit margin expectations, consistent with the recent Jefferies downgrade. Analyst Commentary Recent commentary around GPT Group focuses on how the lower price target and higher discount rate and P/E assumptions feed into the risk and reward trade off for investors.
Narrative Update • Apr 27

GPT: Higher Margin Outlook And 2026 Distribution Guidance Will Drive Repricing

Analysts have trimmed their price target for GPT Group from A$5.51 to A$5.41, citing updated assumptions around slightly lower revenue growth, a higher profit margin, and a lower future P/E multiple following recent research including the Jefferies downgrade. Analyst Commentary Recent research points to a more mixed view on GPT Group, with the lower price target reflecting both cautious and constructive elements in the updated assumptions.
Narrative Update • Apr 12

GPT: Reset Assumptions And 2026 Distribution Guidance Will Support Repricing

Analysts have trimmed their price target for GPT Group to A$5.51 from A$5.78, citing updated assumptions around discount rates, profit margins and future P/E that have also fed into recent research such as the Jefferies downgrade. Analyst Commentary Bullish Takeaways Bullish analysts see the updated discount rate assumptions as bringing the valuation framework closer to current market pricing, which they view as a cleaner starting point for assessing future returns on GPT Group.
Narrative Update • Mar 10

GPT: 2026 Distribution Guidance Will Support Repricing And Future Upside

Analysts have nudged their fair value estimate for GPT Group slightly higher to about A$5.78 per share. This reflects updated assumptions for discount rates, profit margins and a modestly higher future P/E of roughly 17.7x.
Narrative Update • Feb 24

GPT: Higher Quality Earnings And Modest Repricing Will Drive Future Upside

Analysts have trimmed their fair value estimate for GPT Group from A$5.93 to A$5.77. This reflects updated assumptions for a slightly higher discount rate, adjusted revenue growth expectations, a marginally stronger profit margin and a modestly lower future P/E multiple.
Narrative Update • Feb 08

GPT: Future Returns Will Reflect Higher Growth Assumptions And Sustained Undervaluation

Analysts have trimmed their fair value estimate for GPT Group slightly to A$5.93 from about A$5.95, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. Valuation Changes Fair Value Estimate eased slightly to A$5.93 from about A$5.95.
Narrative Update • Jan 25

GPT: Future Returns Will Reflect Higher Revenue Outlook And Attractive Undervaluation

Analysts have slightly lifted their price target for GPT Group, pointing to updated assumptions around revenue growth, profit margins and a modestly higher forward P/E. Together, these factors support a small increase in estimated fair value to A$5.95 from A$5.92.
Narrative Update • Jan 11

GPT: Future Returns Will Reflect Slightly Higher Risk And Stable Fair Value

Analysts have modestly adjusted their price target for GPT Group, reflecting slightly higher assumptions for the discount rate and future P/E multiple, while keeping fair value broadly steady. Valuation Changes Fair Value: Fair value per security is unchanged at A$5.92.
Narrative Update • Dec 25

GPT: Future Returns Will Reflect Lower Risk And Stable Fair Value Outlook

Analysts have modestly raised their price target on GPT Group to reflect slightly lower perceived risk and marginally stronger long term revenue growth expectations, which implies a small upward adjustment of a few cents per share. Valuation Changes Fair Value: essentially unchanged at around A$5.92 per share, with only a fractional upward adjustment.
Narrative Update • Dec 11

GPT: Future Returns Will Reflect Stronger Margins And Fairly Valued Outlook

Analysts have nudged their price target on GPT Group modestly higher, reflecting increased confidence in stronger revenue growth, expanding profit margins, and a slightly lower expected future earnings multiple, despite a marginal uptick in the discount rate. Valuation Changes The fair value estimate has risen slightly from A$5.82 to A$5.92, indicating a modest uplift in the assessed intrinsic value of GPT Group.
Narrative Update • Nov 27

GPT: Stable Outlook Will Reflect Improved Revenue but Lower Profit Margins

Analysts have raised their price target for GPT Group from $5.79 to $5.82, citing improved revenue growth estimates and a slightly lower discount rate. This change comes despite a modest reduction in expected profit margin.
Narrative Update • Nov 12

GPT: Improved Profit Margin Forecasts Will Support Fair Value Outlook

Analysts have raised their price target on GPT Group from $5.68 to $5.79. They cited improved profit margin forecasts and a slight uptick in revenue growth expectations as key factors behind the revision.
Narrative Update • Sep 26

Australia's Urbanisation And Surging E-Commerce Will Fuel Prime Asset Demand

GPT Group’s consensus analyst price target and future P/E both saw only marginal increases, indicating analysts maintain a steady outlook on the company’s valuation, with fair value moving slightly higher from A$5.58 to A$5.68. Valuation Changes Summary of Valuation Changes for GPT Group The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$5.58 to A$5.68.
Narrative Update • Sep 05

Australia's Urbanisation And Surging E-Commerce Will Fuel Prime Asset Demand

GPT Group’s consensus price target was marginally revised upward from A$5.57 to A$5.58, reflecting minimal change as both the discount rate and net profit margin remained essentially stable. Valuation Changes Summary of Valuation Changes for GPT Group The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$5.57 to A$5.58.
User avatar
New Narrative • Feb 09

Leveraging Partnerships And ESG Initiatives Will Boost Future Competitiveness

Strategic focus on Investment Management and ESG initiatives could boost revenue and earnings by attracting partners and clients interested in sustainable practices.

Earnings and Revenue Growth Forecasts

ASX:GPT - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,1109114647405
12/31/20271,0568874107106
12/31/20269938473966626
12/31/20251,038981604622N/A
9/30/20251,051679579597N/A
6/30/20251,065378554573N/A
3/31/20251,02889579588N/A
12/31/2024992-201603604N/A
9/30/2024972-344592594N/A
6/30/2024951-488582583N/A
3/31/2024935-364583585N/A
12/31/2023920-240584586N/A
9/30/2023891-151581583N/A
6/30/2023862-61579580N/A
3/31/2023839204569571N/A
12/31/2022816469559562N/A
9/30/2022817831528533N/A
6/30/20228171,192497503N/A
3/31/20228111,307507512N/A
12/31/20218041,423516520N/A
9/30/20217751,245543547N/A
6/30/20217461,068570574N/A
3/31/2021732427523530N/A
12/31/2020718-213476485N/A
9/30/2020746-103501514N/A
6/30/20207737526543N/A
3/31/2020791444563579N/A
12/31/2019809880601615N/A
9/30/2019791970N/A596N/A
6/30/20197731,061N/A577N/A
3/31/20197631,248N/A563N/A
12/31/20187541,435N/A548N/A
9/30/20187471,340N/A524N/A
6/30/20187411,244N/A499N/A
3/31/20187301,255N/A517N/A
12/31/20177191,267N/A536N/A
9/30/20177331,291N/A544N/A
6/30/20177471,316N/A552N/A
3/31/20177431,230N/A539N/A
12/31/20167381,144N/A526N/A
9/30/20167151,082N/A513N/A
6/30/20166921,020N/A500N/A
3/31/2016691937N/A471N/A
12/31/2015690855N/A442N/A
9/30/2015701831N/A444N/A
6/30/2015712807N/A446N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPT's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: GPT's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: GPT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GPT's revenue (1.9% per year) is forecast to grow slower than the Australian market (6.2% per year).

High Growth Revenue: GPT's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GPT's Return on Equity is forecast to be low in 3 years time (6.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 04:59
End of Day Share Price 2026/06/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The GPT Group is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Donald ChuaBofA Global Research