GPT GROUP — Interim / Quarterly Report 2014

Aug 11, 2014

GPT Group Appendix 4D

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Appendix 4D

GPT Group (comprising General Property Trust and its controlled entities and GPT Management Holdings Limited and its controlled entities)

Interim Financial Report For the half year ended 30 June 2014

Results for announcement to the market

2.1 2.2 2.3	Total revenues and other income Profit from operations as assessed by Directors (1) Net profit after income tax expense attributable to stapled security holders	4.9% $444.1m $223.6m 6.4% $240.6m down to to down to no change	4.9% $444.1m $223.6m 6.4% $240.6m down to to down to no change
2.4	Distributions		Amount per stapled security
	6 month period ended 30 June 2014 This distribution was declared on 23 June 2014 and is expected to be paid mid-September 2014.		10.5 cents
2.5	Record date for determining entitlement to the distributions		30 June 2014
2.6	Brief explanation of any figures in 2.1 to 2.4 necessary to enable the figures to be understood: Refer to the attached announcement for a detailed discussion of GPT Group's results for the half year ended 30 June 2014.
3.0	Net tangible assets per security	30 June 2014 $3.82	31 December 2013 $3.79
4.0	Details of entities over which control has been gained or lost during the period Refer to note 4 and 5 in the Interim Financial Report.

(1) Profit from operations attributable to security holders of GPT represents the Directors’ assessment of Funds from Operations (FFO). FFO is a financial measure that represents GPT’s underlying and recurring earnings from its operations. This is determined by adjusting statutory net profit after tax under Australian Accounting Standards for certain items which are non-cash, unrealised or capital nature. FFO has been determined based on guidelines established by the Property Council of Australia and is intended as a measure reflecting the underlying performance of the Group. FFO is included in the Segment note (note 2) of the Interim Financial Report.

GPT Group Appendix 4D

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5.0	Details of individual and total dividends or distribution payments.	Amount per stapled security	Total
	6 month period ended 30 June 2014 - to be paid mid-September 2014	10.5 cents	$177.0m
	No part of the distribution constitutes conduit foreign income.
6.0	Details of any dividend or distribution reinvestment plans in operation

The DRP has been suspended from the September 2008 quarter and will not be available with respect to the June 2014 half-yearly distribution.

7.0 Details of associates and joint ventures entities

The associate and joint ventures’ whose contribution to the GPT Group’s net profit are detailed below:

Name of associate and joint venture entities Joint Ventures Entities Incorporated in Australia 2 Park Street Trust 1 Farrer Place Trust Erina Property Trust Horton Trust Chullora Trust 1 Associates Entities Incorporated in Australia GPT Wholesale Shopping Centre Fund GPT Wholesale Office Fund Total share of after tax profits of equity accounted investments**	net profit / (loss) net profit / (loss) 30-Jun-14 30-Jun-13 $M $M 14.2 13.3 11.0 13.7 - 4.0 1.9 0.6 1.5 - 3.5 20.6 45.5 33.6 Contribution to GPT Group's
	77.6 85.8

• Refer to note 4 of the Interim Financial Report for names and percentage holdings of each joint venture and associate.

** This joint venture was sold in May 2013 for a total consideration of $132.4 million.