article about gpt

http://business.theage.com.au/business/gpt-confirms-guidance-despite-real-estate-woes-20090525-bk8k.html

Selective quotes for those who don't want to read it all, obv biased

"Sales were up due to lower interest rates, lower fuel prices and federal government stimulus packages."

"GPT's portfolio is well placed to continue to generate income growth given the quality of the assets and the high levels of occupancy."

"Despite these challenging market conditions, GPT's office portfolio is currently in good shape given we're virtually fully leased, with long weighted average lease terms providing secure and stable income returns."

"Mr Cameron also said GPT was no longer being viewed as a forced seller of assets."

As a result of strengthening the balance sheet, we now have more bargaining power with the banks, we are no longer seen as a forced seller by potential acquirers of our non-core assets, and we have less constraints on being able to accelerate an exit from our Babcock & Brown joint venture,'' he said.

"We are now in a much stronger position to prosper in the environment going forward and to ultimately get on with what we do best managing, owning and developing high quality Australian real estate assets.''