Ann: Full Year Results Presentation, page-28

Big Shame Strategy1 , GMG have $5 billion of internally funded work in hand this year and next paid for by keeping dividends to 30c this year , strap yourselves in investors , GMG will be a $20 stock in next year , rather have the stock increase in value than increased dividends any day, GMG is as good as it get in REIT investment,

Where do you see this ?
DEVELOP Structural demand expected to drive growth in WIP to around $5 billion in the near term
FY20 forecast Operating profit $1,040 million + up 10.4% on FY19
Operating EPS 56.3 cents + up 9% on
FY19 Distribution per security 30 cents

+ Management earnings up 48% on FY18 + Global weighted average cap rate (WACR) tightening to 5.1% + $13.6 billion in equity commitments and availible liquidity.