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Feb 20 (Reuters) - GPT Group (GPT) : RISE IN INTEREST RATES HAS...

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    20/02/23
    12:45
    Post #: 66347206

    Feb 20 (Reuters) - GPT Group (GPT) :

    • RISE IN INTEREST RATES HAS INCREASED GPT'S COST OF DEBT IMPACTING FFO OUTLOOK FOR YEAR AHEAD
    • SEES LOGISTICS PORTFOLIO TO CONTINUE TO BENEFIT FROM ONGOING STRUCTURAL TAILWINDS INCLUDING STRONG TENANT DEMAND
    • SEES RETAIL SALES GROWTH TO MODERATE OVER COURSE OF 2023
    • GROUP EXPECTS TO DELIVER 2023 FFO OF APPROXIMATELY 31.3 AU CENTS PER SECURITY
    • GROUP EXPECTS TO DELIVER 2023 DISTRIBUTION OF 25.0 AU CENTS PER SECURITY
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