Should GPT Group’s New ‘Offline’ Pop‑Up Hub Strategy Matter for GPT Group (ASX:GPT) Investors?

• GPT Group has recently launched “Offline” at Queensland’s largest shopping centre, Pacific Fair, turning previously underused space into a rotating, short‑term physical hub for popular online-only brands.
• This concept highlights GPT’s attempt to blend e-commerce influence with in-person retail, potentially boosting centre vibrancy, tenant appeal and customer engagement.
• We’ll now explore how repurposing underutilised space for online brands’ pop-up stores may influence GPT Group’s broader investment narrative.

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GPT Group Investment Narrative Recap

To own GPT Group, you generally need to believe in the long term relevance of high quality Australian retail, office and logistics assets despite sector and interest rate headwinds. The Offline launch at Pacific Fair looks incremental rather than a material short term catalyst, but it does speak to how GPT is trying to keep retail space productive, which may help centre performance while the biggest near term pressure points remain higher finance costs and elevated office leasing incentives.

The recent half year 2025 result, which saw GPT return to profitability with A$551.2 million in revenue and A$329.1 million in net income, provides the most relevant backdrop for assessing Offline. It gives investors a clearer earnings base from which to judge whether concepts like short term pop up hubs for online brands can contribute meaningfully to maintaining occupancy, supporting rental outcomes and justifying ongoing capital investment in the retail portfolio.

Yet investors should be aware that higher structural interest rates and their effect on GPT’s funding costs could still...

Read the full narrative on GPT Group (it's free!)

GPT Group's narrative projects A$1.0 billion revenue and A$738.8 million earnings by 2028. This requires a 1.4% yearly revenue decline and an earnings increase of about A$361 million from A$377.8 million today.

Uncover how GPT Group's forecasts yield a A$5.92 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Two fair value estimates from the Simply Wall St Community span about A$5.92 to A$7.63, underlining how far apart individual views can be. You can weigh these against GPT’s reliance on Australian office and retail assets, which ties the investment case closely to domestic property cycles and sector specific risks.

Explore 2 other fair value estimates on GPT Group - why the stock might be worth just A$5.92!

Build Your Own GPT Group Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your GPT Group research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free GPT Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate GPT Group's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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