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GPT Group (ASX:GPT) has hiked its full year earnings forecast on the back of high activity across its portfolio of assets over the September quarter.
The diversified property group has upgraded its annual guidance to at least 4 per cent earnings per share (EPS) growth and says it is on track to meet its total return target of more than 9 per cent in 2014.
GPT Group has achieved $1.9 billion in completed transactions over the year to date and has also noted strong leasing momentum across its office portfolio.
CEO Michael Cameron says the group has made strong progress towards its strategic goals and highlighted growth in retail sales, office leasing and funds management in addition to the successful launch of the GPT Metro Office Fund (ASX:GMF).
GPT Group reported a net profit of $241 million in the first half of the 2014 calendar year.
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