Business
The GPT (ASX:GPT) share price is on watch today. Here’s why.
The GPT Group (ASX: GPT) share price is on watch this morning after the real estate investment trust (REIT) released its latest quarterly update today.
Why is the GPT share price on watch?
Investors will be watching the Aussie REIT’s shares after the latest update. GPT reported strong rent collection outcomes across its portfolio, highlighted by 105% of net billings collected. Retail collections totalled 110% as GPT continues to collect on outstanding debtors arising from the COVID-19 disruptions.
GPT reported the operating environment was “strengthening” as the post-pandemic economic recovery continues. Office portfolio occupancy fell to…
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