GPT GROUP — Regulatory Filings 2017

Feb 5, 2017

THE GPT GROUP ANNOUNCES

6 February 2017

Revised segment reporting format

At its Interim Results announcement in August 2016, GPT adopted a revised segment reporting format.

To assist investors and analysts ahead of its Annual Result, GPT attaches the new segment format for the 12 months to 31 December 2015 to this announcement.

GPT will release its 2016 Annual Result on 14 February 2017.

For further information contact:

Brett Ward Head of Investor Relations The GPT Group +61 2 8239 3536 +61 437 994 451

Scott Rochfort Content and Media Manager The GPT Group +61 2 8239 3938 +61 438 733 864

==> picture [596 x 281] intentionally omitted <==

Financial Performance by Segment 31 December 2015

	Financial Performance by Segment31 December 2015
		Retail	Office	Logistics	FundsMgt	Corporate	TotalCore	NonCore	Total
		$M	$M	$M	$M	$M	$M	$M	$M
	Rent from investment properties	360.7	204.8	108.2	-	-	673.7	-	673.7
	Property expenses and outgoings	(109.0)	(51.0)	(16.8)	-	-	(176.8)	-	(176.8)
	Income from Funds	36.9	58.5	2.8	-	-	98.2	-	98.2
	Fee income	15.9	5.0	0.7	44.4	-	66.0	-	66.0
	Performance Fee income	-	-	-	13.9	-	13.9	-	13.9
	Management & administrative expenses	(9.8)	(7.8)	(2.5)	(13.7)	(33.1)	(66.9)	(0.1)	(67.0)
	Operations Net Income	294.7	209.5	92.4	44.6	(33.1)	608.1	(0.1)	608.0
	Development fees	2.7	1.3	-	-	-	4.0	-	4.0
	Development revenue	-	-	16.0	-	-	16.0	-	16.0
	Development costs	-	-	(9.5)	-	-	(9.5)	-	(9.5)
	Share of profit from associate	-	-	0.2	-	-	0.2	-	0.2
	Development management expenses	(1.9)	(0.3)	(4.5)	-	-	(6.7)	-	(6.7)
	Development Net Income	0.8	1.0	2.2	-	-	4.0	-	4.0
	Interest income	-	-	-	-	1.8	1.8	12.8	14.6
	Finance costs	-	-	-	-	(117.7)	(117.7)	-	(117.7)
	Net Finance Costs	-	-	-	-	(115.9)	(115.9)	12.8	(103.1)
	Segment Result Before Tax	295.5	210.5	94.6	44.6	(149.0)	496.2	12.7	508.9
	Income tax expense	-	-	-	-	(4.9)	(4.9)	(0.6)	(5.5)
	Distributions on exchangeable securities	-	-	-	-	(1.7)	(1.7)	-	(1.7)
	Funds from Operations (FFO)	295.5	210.5	94.6	44.6	(155.6)	489.6	12.1	501.7