Full Year 2024 GPT Group Earnings Call Transcript

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Feb 17, 2025

Feb 16, 2025 / 11:30PM GMT
Operator

Thank you for standing by, and welcome to the GPT 2024 annual results briefing. (Operator Instructions)

I would now like to hand the conference over to Mr. Russell Proutt, CEO and Managing Director. Please go ahead.

Russell Proutt - GPT Group - Chief Executive Officer, Managing Director, Director

Good morning to everyone who's joined our 2024 full-year results call. Today, I am joined on the call executive team. I would like to start by acknowledging the traditional custodians on which our business operates. We pay our respects to elders past and present, and honor our responsibility for country, culture, and community in the places we create and how we do business was a year of delivering results while recalibrating our strategy.

We achieved our earnings and distributions guidance of $0.32 and $0.24 per security for the year and have made meaningful strides in moving the business forward. We ended the year at nearly 99% occupied across the portfolio, achieved 4% property income growth on a like-for-like basis, while maintaining our solid

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