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GPT flags FY earnings lift

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Property company GPT Group Ltd has flagged a lift in full-year earnings for 2013.

The owner of office towers, shopping centres and business parks expects its realised operating income for the full year to December 31 to be $471.8 million, up from $456.4 million in 2012, GPT said.

Realised operating income per ordinary security is expected to be 25.7 cents, while earnings per share growth is expected to be 6.1 per cent.

Chief executive Michael Cameron said the company was releasing earnings information to allow it to reactivate its on-market share buyback scheme ahead of the release of its full-year results on February 13.

AAP

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Property group expects to announce full-year earnings of $471.8m next month.

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