GPT Group forecasts 8% FFO growth, $1.8B AUM rise in H1 2026

GPT Group on Monday unveiled its H1 2026 outlook, projecting an 8% increase in funds from operations (FFO) and a $1.8 billion expansion in assets under management (AUM).

The guidance, outlined in investor presentation slides, reflects continued growth in the company’s property portfolio and operational efficiency improvements. GPT Group, one of Australia’s largest diversified property groups, has not provided a detailed breakdown of the FFO or AUM figures beyond the aggregate projections.

The company’s AUM stood at approximately $31.5 billion as of the end of 2024, according to its most recent annual report. The projected $1.8 billion increase would bring total AUM to roughly $33.3 billion by the end of H1 2026, pending market conditions and acquisition activity.

FFO, a key measure of a REIT’s financial performance, is expected to rise to A$1.08 per unit from A$1.00 per unit in the prior comparable period, based on the 8% growth projection. The company has not disclosed specific drivers behind the FFO increase, though organic growth and asset revaluations are typically contributing factors in such forecasts.

GPT Group’s management is scheduled to discuss the outlook in further detail during its upcoming earnings call or investor briefing. The company’s shares have underperformed the broader Australian property sector in recent months, reflecting broader market volatility and sector-specific challenges.

The guidance comes amid a period of cautious optimism in Australia’s commercial real estate market, with transaction volumes stabilizing and rental growth holding steady in key urban centers. GPT Group’s projections will be closely monitored by investors for signs of sustained performance in a higher interest rate environment.