GPT – UBS rates the stock as Neutral

UBS is factoring in GPT Group spending $1bn on logistics over the next 5 years given the group’s development pipeline expansion and recent track record. The broker believes this will see logistics increase to 28% of assets in 2025.

As of December, GPT Group’s asset allocation is in line with the strategic weightings of retail 40%/office 40%/ logistics 20%, observes UBS. The broker expects this to be reset going forward with logistics up to 33%.

Neutral rating with the target rising to $4.80 from $4.55.

Sector: Real Estate.

 

Target price is $4.80.Current Price is $4.66. Difference: $0.14 – (brackets indicate current price is over target). If GPT meets the UBS target it will return approximately 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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