GPT Group’s newly appointed chief executive Russell Proutt will increase the platform’s exposure to higher yielding property funds management, as part of a refreshed strategy he unveiled at its 2024 interim result.
The interim result – a 2.4 per cent fall in funds from operations to $309.1 million – was ahead of the market’s consensus expectations. Overseeing his first financial result, Mr Proutt, who is the former chief financial office at Charter Hall, also reaffirmed the company’s full-year guidance.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
