GPT Property Group has reaffirmed its full-year targets for total return and earnings per share growth, saying it is well-placed to deliver consistent and reliable returns from its core portfolio.
GPT chief executive Michael Cameron told shareholders at the group's annual general meeting the company continued to target a total return of greater than 9 per cent and earnings per share growth of 5 per cent for 2015.
"The funds management business is going from strength to strength, and all parts of the group are delivering profits," he said.
"We continue to demonstrate that disciplined capital allocation and capital management, and a simple straightforward business will deliver consistent returns over the long term."
Chairman Rob Ferguson said the search for a replacement for Mr Cameron -- who flagged his departure from GPT after six years in April -- was continuing.
"A process is well underway to appoint a successor and we will update the market when a suitable replacement has been appointed," he said.
At 12.30pm (AEST) shares in GPT were 0.33 per cent higher at $4.555, against a benchmark index lift of 0.5 per cent.