ASX:GPTREITs
GPT Group (ASX:GPT) Shares Cheap Or Clouded By Office Risk
GPT Group entered this result with a stock that has slipped in recent weeks, down about 8% over seven days and slightly weaker over the past month, despite trading on what looks like a discounted P/E multiple. The earnings headline is simple. The engine that matters for a real estate investment trust, funds from operations, came in at A$338.8m for the half and management kept full year funds from operations and distribution guidance intact.
The market reaction now hinges on whether investors...