GPT GROUP — Regulatory Filings 2016

Jul 31, 2016

THE GPT GROUP ANNOUNCES

1 August 2016

Revised segment reporting format

The GPT Group ( GPT ) wishes to advise that, following the organisational restructure announced in November 2015, it will be adopting a revised segment reporting format from the 30 June 2016 reporting period onwards.

The new segment format has been attached to this announcement for the prior corresponding period being the 6 months to 30 June 2015.

GPT will announce its 2016 interim results to the market on 15 August 2016.

- ENDS -

For more information, please contact:

Investors:

Media:

Brett Ward Head of Investor Relations

+61 2 8239 3536 +61 437 994 451

Brett Zarb Group Media and Communications Manager +61 2 8239 3979 +61 417 256 563

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Financial performance by segment
30 June 2015	Retail Office Logistics Funds Mgmt Corporate Total Core Non- Core Total
	$M $M $M $M $M $M $M $M
Rent from investment properties	181.5 101.7 52.9 - - 336.1 - 336.1
Property expenses and outgoings	(53.7) (25.1) (8.6) - - (87.4) - (87.4)
Income from Funds	18.2 31.1 1.4 - - 50.7 - 50.7
Fee income	7.9 2.8 0.3 22.0 - 33.0 - 33.0
Management & administrative expenses	(5.1) (3.6) (1.2) (6.4) (16.4) (32.7) - (32.7)
Operations Net Income	148.8 106.9 44.8 15.6 (16.4) 299.7 - 299.7
Development fees	1.2 0.7 0.1 - - 2.0 - 2.0
Development revenue	- - 16.1 - - 16.1 - 16.1
Development costs	- - (9.5) - - (9.5) - (9.5)
Share of profit from associate	- - 0.2 - - 0.2 - 0.2
Management & administrative expenses	(0.3) (0.3) (0.3) - - (0.9) - (0.9)
Development Net Income	0.9 0.4 6.6 - - 7.9 - 7.9
Interest income	- - - - 1.0 1.0 6.4 7.4
Finance costs	- - - - (58.3) (58.3) - (58.3)
Net Finance Costs	- - - - (57.3) (57.3) 6.4 (50.9)
Segment Result Before Tax	149.7 107.3 51.4 15.6 (73.7) 250.3 6.4 256.7
Income tax expense	- - - - (5.7) (5.7) (0.3) (6.0)
Distributions on exchangeable securities	- - - - (1.7) (1.7) - (1.7)
Funds from Operations (FFO)	149.7 107.3 51.4 15.6 (81.1) 242.9 6.1 249.0

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