2332 GMT - The blemish on GPT's annual result was its dividend outlook, signals Jefferies. GPT's result for last year was in line and guidance for funds from operations of 35.4 Australian cents per security in 2026 also met expectations. However, analyst Andrew Dodds says GPT's forecast dividend of 24.5 cents/security in 2026 was 3% below his own projection of 25.3 cents. The miss reflects a 9% rise in maintenance and leasing capex. "We wouldn't expect material consensus FFO/security revisions following today's results," Jefferies says. "However consensus distribution growth going forward will likely be wound back." GPT is down 0.6% at A$5.00 in early trading, underperforming the benchmark S&P/ASX 200 index, which is up 0.3%.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 15, 2026 18:32 ET (23:32 GMT)
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