GPT Group has upgraded its full-year earnings guidance on the back of strong momentum across its office portfolio in the September quarter.
In the three months to September 30, GPT's office division leased out 62,670 square metres of space, while its shopping centres recorded specialty sales growth of 4.3 per cent compared with the same period in 2013.
In the year to date GPT has completed $1.9 billion in transactions.
Meanwhile, the company's funds under management had increased 29 per cent this calendar year to $9.2 billion.
As a result, GPT said it expects earnings per share (EPS) growth of at least 4 per cent, a slight upward revision from the 3 per cent target set by the company in August.
The group also said it's on track to meet its total return target of more than 9 per cent for the year.
GPT chief executive Michael Cameron said solid retail sales growth figures and significant office leasing achieved, coupled with considerable growth in the group's funds management business and the successful launch of the GPT Metro Office Fund, show the group has made strong progress towards its strategic goals.