How are GPT’s (ASX:GPT) shares faring post logistics assets sale?

Published on November 25, 2022 12:08 PM AEDT

What’s happening with GPT’s shares after assets sale?

Shares of Australian property group were heading south following the announcement of the logistics assets sale. One share of GPT was valued at AU$4.335 with a loss of 0.344% as of 10:51 AM AEDT, 25 November.

While GPT’s shares were declining, the benchmark S&P/ASX 200 Real Estate sector gained 3.4 points, totalling 3,104.4 points around the same time.

Following today’s negative performance, The GPT Group’s share value has increased by 0.35% in the last five trading sessions while leaping 7.57% in a month. However, shares of GPT have dropped 21.61% on a year-to-date (YTD) basis and 19.57% over the course of a year.

What else has been happening at GPT Group?

Earlier this month, The GPT Group published its Q3 FY22 operational update on the ASX. Let’s look at the key takeaways below:

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