The GPT Group (GPT) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and confirmation of quorum, introducing the Board and executive team at a new venue.

• External auditors from PwC were present to answer questions on audited financial statements.

• Chairman and CEO/Managing Director addresses outlined as key agenda items.

Financial performance review

• Assets under management grew to AUD 39.8 billion, up 15.6% year-on-year, driven by co-investment strategy.

• Funds from operations reached AUD 650.5 million, a 5.5% increase, with FFO per security at AUD 0.34.

• Statutory net profit after tax was AUD 981 million; investment portfolio achieved 97.6% occupancy and NTA of AUD 5.53 per security.

• Distribution per security was AUD 0.24, in line with revised guidance.

• Gearing stood at 31.1% with AUD 1.2 billion liquidity and no unfunded capital commitments.

Board and executive committee updates

• Tony Osmond appointed as Independent Director, bringing expertise in strategic investments and capital markets.

• Board renewal and succession planning discussed, with focus on skills matrix and orderly renewal.

• Majority independent board with defined committees for nomination, audit, risk, and remuneration.

• Recent executive appointments include new CIO, CFO, and Head of Office, strengthening leadership.