Like everyone else in the REIT sector, asset sales would be required to keep LVR below prudent 50% in serious asset devaluation. Obviously GPT are working on the European JV to be wound down as their preferred way of reducing debt. Keep in mind the JV is $2B equity and $1.5B debt (GPT share) so it is quite low geared and gives a good debt reduction bang for your buck. ie Full sale of $3.5B portfolio would reduce debt by $3.5B bring LVR back to about 35% AFTER all assets have devalued by 20%!
It is all about prudent sales by REIT at the moment to bring gearing back to 35% look through so to be absolutely confident of buffer should property values tank. Still have to sell assets though:(
cheers
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$5.06

Like everyone else in the REIT sector, asset sales would be...
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Last
$5.06 |
Change
-0.060(1.17%) |
Mkt cap ! $9.692B |
Open | High | Low | Value | Volume |
$5.13 | $5.17 | $5.02 | $27.79M | 5.482M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $5.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.17 | 1061 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 5.030 |
1 | 46992 | 5.020 |
2 | 29634 | 5.010 |
4 | 19487 | 5.000 |
1 | 4000 | 4.980 |
Price($) | Vol. | No. |
---|---|---|
5.170 | 1061 | 1 |
5.180 | 700 | 1 |
5.190 | 378 | 1 |
5.200 | 89843 | 4 |
5.210 | 9596 | 1 |
Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
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GPT (ASX) Chart |