ASX Announcements
Change of Director's Interest Notice - Louise Mason
Change of Director’s Interest Notice
- Sep 3, 2024
- 3 pages
Change of Director's Interest Notice - Mark Menhinnitt
Change of Director’s Interest Notice
- Aug 27, 2024
- 3 pages
Notification of cessation of securities - GPT
Appendix 3H (Notification of cessation of securities)
- Aug 20, 2024
- 4 pages
2024 Interim Result Presentation - Speaker Notes
Half Yearly Report, Company Presentation, Chairman's Address - Other
- Aug 19, 2024
- 32 pages
Yesterday
- Opinion
- Chanticleer
Office values drop 22pc in two years. When will they bottom?
That is a big fall in defensive, long-life assets. It’s part working from home, part interest rates. It can’t continue forever, but it hasn’t slowed yet.
- Anthony Macdonald
This Month
Time to buy into REITs: Barrenjoey
Property stocks have weathered the interest rate storm, according to Barrenjoey, who say investors could be “well served” to increase their exposure.
- Nick Lenaghan
August
GPT flags bigger push into funds management
GPT has been an early adopter of the funds’ management model, running large, well-established unlisted office and malls funds.
- Nick Lenaghan
- Results Wrap
- Chanticleer
Lendlease’s calm after the storm heads Monday’s results highlights
A few months is a long time for a CEO – just ask Lendlease, Suncorp or Ampol, businesses changing rapidly. Here is Chanticleer’s take on the day’s earnings calls.
- James Thomson and Anthony Macdonald
May
Property giant GPT slammed as too ‘woke’ for growth
GPT’s chair Vickki McFadden has defended the company’s efforts on environmental and social issues at its annual shareholder meeting.
- Nick Lenaghan
February
GPT trims 2024 payout as headwinds hit office towers
GPT has forecast a reduction in its shareholder distribution in 2024, partly as a result of paying higher incentives to woo tenants for its office portfolio.
- Nick Lenaghan
January
- Exclusive
- Commercial real estate
Mirvac office fund declines 14.5pc as headwinds hit wholesale sector
While office assets continue their drawn-out decline in value, dark clouds are also sitting heavy over the golden child of industrial property.
- Michael Bleby
November 2023
- Opinion
- Commercial property finance
Are listed landlords prepared for the valuation reckoning?
In the depths of the pandemic, Scentre turned to hybrid capital to protect its balance sheet. Now, some argue office landlords should follow the mall operator’s example.
- Jonathan Shapiro
October 2023
GPT to run $1b student digs portfolio as rents rise
GPT’s move into rental housing in the form of student digs comes amid increasing institutional interest in that sector.
- Nick Lenaghan
September 2023
GPT lands new CEO, snagging Charter Hall’s chief financial officer
The drawn-out process to find a new CEO had cast some uncertainty over GPT which, like other listed real estate investment trusts, is battling headwinds in commercial property sector driven by higher interest rates.
August 2023
- Opinion
- Commercial real estate
Stormwater problems hit logistics projects at Kemps Creek
Developers say a Sydney Water levy was ‘late coming to table’ and added almost $50 million to the development costs of a nine-warehouse project.
- Robert Harley
Sydney’s office crisis: no space for bankers, lawyers, fund managers
At a time when working from home is hollowing out the national office market, there isn’t enough space in Sydney to house high-income earners.
- Aaron Patrick
WeWork troubles put $900m in rent at risk in Australia
The New York-listed company says there is “substantial doubt” over its ability to keep operating, as it bleeds cash and memberships are cancelled.
- Nick Lenaghan
- Opinion
- Commercial real estate
Debt headwinds smash some REITs - but not others
Borrowing costs affect all investors, but particularly those in commercial property. And then there’s the issue of values.
- Robert Harley
- Opinion
- Chanticleer
What we learnt from Monday’s earnings
Our columnists James Thomson and Anthony Macdonald take a deep dive into key profit results: JB Hi-Fi, GPT Group, Bendigo & Adelaide Bank, Aurizon, and Lendlease.
- Updated
- James Thomson and Anthony Macdonald
GPT beats expectations despite turbulent office market
Chief executive Bob Johnston expects further falls in the values of office buildings, where demand for space has been weakened by the work-from-home trend.
- Nick Lenaghan
- Opinion
- Chanticleer
Property groups can’t outrun rising interest rates
GPT Group’s June 30 numbers set the tone for the other major Australian property groups, which will report their earnings in the next 10 days.
- Anthony Macdonald
June 2023
Plan A not an option? Lendlease tackles Plan B with renewable diesel
Innovation doesn’t necessarily mean doing something no one has ever done before. It’s about doing something new in your local context.
- Michael Bleby
April 2023
- Opinion
- Investing
The next Big Short? Why traders are betting against office towers
There are parallels between the 2008 housing crash and the strains in global commercial property. How bad can it get in Australia?
- Jonathan Shapiro
February 2023
GPT wins on guidance, loses on office
GPT has exceeded expectations with its full-year guidance, but worries about its rising office vacancy linger.
- Nick Lenaghan