The GPT Group (GPT) Trading update summary

Portfolio performance

• Average occupancy across the investment portfolio reached 97.5% with a WALE of 4.5 years as of 31 March 2026.

• Retail portfolio occupancy was 99.7% with a WALE of 3.8 years; specialty sales productivity hit $13,955 per sqm and occupancy costs averaged 16.0%.

• Office portfolio occupancy stood at 92.2% (94.1% excluding Grosvenor), with a WALE of 4.9 years.

• Logistics portfolio occupancy was 98.8% with a WALE of 5.0 years, reflecting strong leasing momentum.

Leasing and development activity

• 51,400 sqm of office leasing was completed across 32 deals in the quarter, including 8,200 sqm at Grosvenor Place, Sydney.

• 100,400 sqm of logistics leasing was completed in the quarter across seven deals.

• 51 Flinders Lane development in Melbourne reached practical completion.

• Approximately 40,000 sqm is under construction at Yiribana East and West Logistics Estates, with completion expected in 2H 2026.

• Rouse Hill Town Centre redevelopment remains on schedule for completion in 4Q 2026.

Capital and fund activity

• GPT Wholesale Shopping Centre Fund closed an oversubscribed $500 million equity raise, securing $610 million from investors.

• Over $840 million of new equity was raised in the last 12 months, supporting future growth initiatives.