GPT Group expects a smooth transition to its new chief executive next month after delivering a strong lift in first-half profit and forecasting further growth ahead.
In the six months to June 30, GPT posted a net profit of $421.9 million, a 75.4 per cent increase on the previous year.
Revenue in the same period rose 53.6 per cent to $607.9m.
Presiding over his final set of results as GPT chief executive before taking up the role of Suncorp chairman in October, Michael Cameron said the company was in "great shape".
“We are very pleased with the performance achieved across all areas of the business," he said.
"The growth in the underlying value of the portfolio is supported by solid income growth especially in our office and retail portfolios."
For the full year, GPT is expecting earnings per share growth of between 5 and 6 per cent, while it has a target to deliver a total return for shareholders of more than 9 per cent.
“With Mr Bob Johnston due to take up the CEO role at GPT on Monday, September 7, 2015, it is pleasing to leave the group well placed to deliver further strong performance and returns,” Mr Cameron said.
GPT will pay an interim dividend of 11c per share to shareholders on the register at June 30.