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GPT Group (ASX:GPT), a diversified property group, is growing earnings on resilient retail assets. In August 2026, Pendal Group reported GPT's first-half result grew 5%, reaffirming FY26 funds from operations guidance of 4% growth, supported by comparable net operating income up 5.8% and high retail occupancy. Pendal also noted GPT's wholesale shopping centre fund acquired 50% stakes in Sunshine Plaza and Macarthur Square for $1.2 billion. Perpetual picked GPT for its mix of retail, office and logistics, and Tamim noted healthy leasing conditions and improving tenant sales. GPT Group operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 11 comments from 6 fund managers, including Pendal, Perpetual and Tamim. Founded in 1971 and headquartered in Sydney, GPT owns and manages shopping centres, office towers and logistics facilities across Australia and manages wholesale property funds for institutional investors.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Perpetual Asset Management, Pendal Group, Pengana Capital Group, Paradice Investment Management, Oracle Advisory Group and Tamim Funds Management have invested in GPT Group (ASX:GPT).
Pendal and Tamim highlight earnings growth, strong retail occupancy and leasing, and expansion of its funds management platform through major shopping centre acquisitions, while Perpetual values its diversified portfolio.
Pendal notes the share price fell after the acquisition announcement, and GPT retains office exposure in a challenging office market.
The GPT Group is an Australian real estate investment trust (REIT) founded in 1971 and headquartered in Sydney. It invests in a diversified property portfolio across four key segments: Retail, Office, Logistics, and Corporate. The Retail segment covers shopping centers and fund investments. The Office segment focuses on prime CBD properties and fund interests. The Logistics segment manages logistics and business park assets. The Corporate segment includes cash, borrowings, associated hedging, operational costs, and tax obligations. GPT operates as an integrated property group with a broad strategy spanning retail, office, and industrial real estate.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.