BUZZ-Australia's GPT Group gains most in over 14 months on raised FFO forecast

Reuters

02/17

BUZZ-Australia's <a href="https://laohu8.com/S/GPTGF">GPT Group</a> gains most in over 14 months on raised FFO forecast

** Shares of GPT Group GPT.AX rise as much as 6% to A$4.930, their biggest intraday gain since Dec. 2023

** Stock at its highest level since Oct. 2024

** Retail assets operator expects to deliver 2025 funds from operations (FFO) between 32.5 Australian cents to 33.1 Au cents per security vs previously declared 32 Au cents per security

** Co also reported A$616.3 million ($391.72 million) profit from operations for FY, up 2.6% from last year

** Stock up 11.1% YTD, including current session's moves

($1 = 1.5733 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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