GPT Group (46T) Stock Overview

46T fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	5/6

Rewards

Trading at 41.3% below our estimate of its fair value

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 2.3% per year for the next 3 years

Large one-off items impacting financial results

Unstable dividend track record

46T Community Fair Values

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The GPT Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for GPT Group
Historical stock prices
Current Share Price	AU$2.92
52 Week High	AU$3.21
52 Week Low	AU$2.63
Beta	0.95
1 Month Change	-4.62%
3 Month Change	5.85%
1 Year Change	4.94%
3 Year Change	16.10%
5 Year Change	0.74%
Change since IPO	92.77%

Recent updates

Shareholder Returns

	46T	DE REITs	DE Market
7D	1.5%	-0.8%	-2.5%
1Y	4.9%	7.5%	-0.6%

Return vs Industry: 46T underperformed the German REITs industry which returned 7.5% over the past year.

Return vs Market: 46T exceeded the German Market which returned -0.6% over the past year.

Price Volatility

Is 46T's price volatile compared to industry and market?
46T volatility
46T Average Weekly Movement	3.1%
REITs Industry Average Movement	2.5%
Market Average Movement	5.4%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: 46T has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 46T's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Russell Proutt	www.gpt.com.au

The GPT Group is one of Australia’s leading property groups, with assets under management of 34.1 billion US dollars across a portfolio of high quality retail, office and logistics assets. The GPT Group (GPT) is a stapled entity comprised of the General Property Trust (the Trust) and its controlled entities and GPT Management Holdings Limited (the Company) and its controlled entities. General Property Trust is a registered scheme, registered and domiciled in Australia.

The GPT Group Fundamentals Summary

How do GPT Group's earnings and revenue compare to its market cap?
46T fundamental statistics
Market cap	€5.70b
Earnings (TTM)	€597.47m
Revenue (TTM)	€632.18m

9.5x

P/E Ratio

9.0x

P/S Ratio

Is 46T overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
46T income statement (TTM)
Revenue	AU$1.04b
Cost of Revenue	AU$381.40m
Gross Profit	AU$656.60m
Other Expenses	-AU$324.40m
Earnings	AU$981.00m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 17, 2026

Earnings per share (EPS)	0.51
Gross Margin	63.26%
Net Profit Margin	94.51%
Debt/Equity Ratio	52.4%

How did 46T perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

71%

Payout Ratio

Does 46T pay a reliable dividends?

See 46T dividend history and benchmarks

When do you need to buy 46T by to receive an upcoming dividend?
GPT Group dividend dates
Ex Dividend Date	Jun 29 2026
Dividend Pay Date	Aug 31 2026
Days until Ex dividend	14 days
Days until Dividend pay date	49 days

Does 46T pay a reliable dividends?

See 46T dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/12 12:52
End of Day Share Price	2026/07/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Brayshaw	Barrenjoey Markets Pty Limited
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Donald Chua	BofA Global Research

GPT Group (46T) Stock Overview

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Risk Analysis

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Price History & Performance

Recent News & Updates

Final dividend of AU$0.12 announced

The GPT Group Announces estimated distribution for the Six Months Ending 30 June 2026, Payable on August 31, 2026

Less than half of directors are independent

Stake in Hunter's Largest Shopping Centre Reportedly Is Up for Grabs

The GPT Group, Annual General Meeting, Apr 10, 2026

Less than half of directors are independent

Recent updates

Final dividend of AU$0.12 announced

The GPT Group Announces estimated distribution for the Six Months Ending 30 June 2026, Payable on August 31, 2026

Less than half of directors are independent

Stake in Hunter's Largest Shopping Centre Reportedly Is Up for Grabs

The GPT Group, Annual General Meeting, Apr 10, 2026

Less than half of directors are independent

Now 20% undervalued

The GPT Group to Report Fiscal Year 2025 Results on Feb 16, 2026

The GPT Group (ASX:GPT) agreed to acquire 50% stake in Grosvenor Place Pty. Limited from Commonwealth Superannuation Corporation for AUD 860 million.

The GPT Group Announces Estimated Distribution for the Six Months Ending 30 June 2025, Payable on August 29, 2025

The GPT Group, Annual General Meeting, May 01, 2025

The GPT Group Announces an Actual Distribution for the Six Months to 31 December 2024, Payable on 28 February 2025

The GPT Group to Report Fiscal Year 2024 Results on Feb 17, 2025

The GPT Group Announces an Estimated Distribution for the Six Months to 31 December 2024, Payable on 28 February 2025

First half 2024 earnings released: FFO per share: AU$0.2 (vs AU$0.17 in 1H 2023)

Final dividend of AU$0.12 announced

The GPT Group Announces an Estimated Distribution for the Six Months to 30 June 2024, Payable on August 30, 2024

New minor risk - Share price stability

New minor risk - Share price stability

Full year 2023 earnings released: FFO per share: AU$0.3 (vs AU$0.32 in FY 2022)

Now 21% undervalued

The GPT Group Appoints Louise Mason as Independent Non-Executive Director with Effect from 1 May 2024

The GPT Group to Report First Half, 2024 Results on Aug 19, 2024

Now 26% undervalued after recent price drop

The GPT Group Appoints Dean McGuire as Interim Chief Financial Officer

The GPT Group Announces the Resignation of Anastasia Clarke as Chief Financial Officer

The GPT Group Announces Executive Changes

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of AU$0.13 per share at 5.9% yield

The GPT Group Announces an Estimate Distribution for the Six Months to 30 June 2023, Payable on 31 August 2023

Now 21% undervalued after recent price drop

The GPT Group Announces the Cessation of Michelle Somerville as Director

The GPT Group Approves Election of Shane Gannon as a Director

Full year 2022 earnings released: EPS: AU$0.24 (vs AU$0.74 in FY 2021)

The GPT Group Announces Retirement of Bob Johnston as Chief Executive Officer

The GPT Group to Report Fiscal Year 2022 Results on Feb 20, 2023

First half 2022 earnings released: EPS: AU$0.28 (vs AU$0.39 in 1H 2021)

CEO, MD & Director recently bought €336k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

New 90-day high: €2.90

Full year 2020 earnings released: AU$0.11 loss per share (vs AU$0.47 profit in FY 2019)

Revenue misses expectations

New 90-day low: €2.63

New 90-day high: €2.50

Shareholder Returns

Price Volatility

About the Company

The GPT Group Fundamentals Summary

Earnings & Revenue

Dividends

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources