GPT Group (FRA:46T)

€ 2.449 0.0465 (1.94%) Market Cap: 4.91 Bil Enterprise Value: 7.87 Bil PE Ratio: 0 PB Ratio: 0.73 GF Score: 77/100

Half Year 2019 GPT Group Earnings Call Transcript

Aug 12, 2019 / 12:00AM GMT

Release Date Price: €3.59 (-3.23%)

Transcript

Robert William Johnston

The GPT Group - CEO, MD & Executive Director

Good morning, everyone, and thank you for joining us for our interim results presentation. Before commencing, I'd like to acknowledge the Gadigal people of the Eora Nation, who are the traditional custodians of this land. I'd also like to pay my respects to elders past, present and emerging and extend that respect to other First Nations people present.

Our presentation today follows our usual format as outlined on the slide. Chris Barnett, our new head of the Retail business, will be presenting the Retail update for the first time today. Chris joined us in April and brings deep experience in the retail sector having spent 20 years with Westfield and Scentre in both Australia and in the U.S.

It's been a productive 6 months for the group, and the sale of -- with the sale of the MLC Centre, the acquisition of 5 logistics assets and the more recent acquisition of a 25% interest in Darling Park Towers 1 and 2 along with Cockle Bay Wharf and the future development opportunity that that brings.

These recent

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