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Company News Summary

GPT Group Provides March 2020 Quarter Operational Update

30 Apr 2020  |  08:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: March Quarter Operational Update

GPT Group announced its operational update for the March 2020 quarter. The Group remains in a positive financial position with low gearing, limited debt maturities and available liquidity, which will provide the flexibility to manage through the current challenging operating environment. Following the end of the quarter, the National Cabinet announced a new commercial tenancy Code of Conduct (Code). The Group has taken the decision to defer the commencement of both the Rouse Hill retail expansion and the Melbourne Central office and retail development until such time as market conditions are more supportive. The Annual retail specialty sales of $11,199 per sqm.

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