GPT 2.15% $4.56 gpt group

Property group GPT led the listed property trusts (LPT) higher,...

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    Property group GPT led the listed property trusts
    (LPT) higher, jumping 7.2 percent to A$1.94, following a
    reporting season that was benign relative to investors' poor expectations for the sector.
    "I wouldn't read anything into it. It's still a company that has balance sheet stress," Justin Blaess, director of property securities for ING Investment Management, said of GPT, adding he thought the aggressive buying of property stocks was overdone.
 
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