Retail Expansion Fuels GPT Group’s $800 Million AUM Growth

May 01, 2025 10:59 AM AEST | By Team Kalkine Media

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Retail Expansion Fuels GPT Group’s $800 Million AUM Growth — Image source: shutterstock

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Highlights

GPT boosts AUM by $800 million in Q1

Retail joint venture strengthens portfolio

On track to meet FY25 financial targets

GPT Group (ASX:GPT) has kicked off the year with solid momentum, reporting a significant $800 million increase in assets under management (AUM) during the March quarter. This latest development brings the real estate investment trust’s total AUM to an impressive $34.7 billion, reflecting its active role in Australia's evolving retail and commercial property landscape.

The uptick in AUM follows GPT’s strategic joint venture with the Perron Group, a move that notably expanded its exposure to premium retail assets. The enhanced portfolio positions GPT to further capitalise on the stability of retail and diversified property holdings across major Australian cities.

In its quarterly update, GPT reaffirmed its full-year financial outlook, forecasting a 1 to 3 per cent growth in funds from operations (FFO) per security. Additionally, the company maintained its guidance for a distribution of 24 cents per security for the year—an important figure for those monitoring ASX dividend stocks.

The retail property sector has seen renewed investor interest, underpinned by resilient foot traffic, tenant demand, and a return of consumer confidence in key shopping destinations. GPT’s retail ventures, supported by its strategic partnership, are aligned with these broader sector trends. With the retail segment contributing significantly to this quarter's growth, the group has demonstrated robust asset management capability and long-term value creation.

GPT’s performance places it firmly in the spotlight among property players on the ASX200, highlighting its ability to adapt to changing market dynamics while delivering steady income streams through its diversified property portfolio.

As the year progresses, market participants will be watching GPT’s execution closely—particularly how the firm balances its development pipeline, leasing performance, and capital management strategy. The March quarter results signal a confident start, with the group’s current trajectory aligning well with its operational and distribution objectives for the financial year.

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