OPINION
GPT Group (GPT) into Super Retail Group (SUL)
GPT Group (GPT) – again, this property name is unlikely to outperform the market while the risks of sticky inflation, at best, remain elevated in the US and potentially at home. Read moreGPT Group (GPT) $4.93
GPT has advanced strongly over recent months, but we believe it's too early to fade this strength. They delivered a solid 1H24 result in August, which has helped the stock rally ~30% from its July swing low. The growth aspect of GPT actually comes from funds management, which will become a bigger slice of the pie in the coming years. Read moreGPT Group (GPT) $4.76
The result was very solid today, interestingly, office occupancy is running better than expected at 92.4% and office income decline was only 1.3% for the year i.e. not as doom and gloom as many thought. Logistics and retail were strong as expected, with occupancy at 99.4% and 99.6% respectively, with retail showing income growth of 5.8% and an average annual rental increase of 4.9%. The growth aspect of this stock comes from funds management, which will become a bigger slice of the pie in coming years. Read moreGPT Group (GPT) $4.60
We switched to GPT from Goodman Group (GMG) at the start of the month, a contentious move at the time, but it has at least worked through a volatile August. GPT has actually been positive over the last week, and although a few days doesn’t justify a purchase, it is demonstrating that high-yielding rate-sensitive names are in demand, with central banks poised to commence cutting interest rates. Read moreActive Growth Portfolio – Amendments
We are making two changes to the Active Growth Portfolio today. Read more
