GPT stock draws a Buy call with an AUD 5.10 target

Published on 10/08/2026 at 08:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GPT stock was last at AUD 4.50 on October 8, 2026, down 0.44 percent. H1 FFO rose 5.00 percent to AUD 338.80 million while revenue fell 8.20 percent.

GPT, AU000000GPT8, Illustration mit AI erstellt.

GPT (ISIN AU000000GPT8) was last at AUD 4.50 on the ASX on October 8, 2026, down 0.44 percent from the prior close. As IT Boltwise reports, Macquarie rates the stock Buy with an AUD 5.10 price target.

Macquarie weighs cash flow

The analyst call follows GPT's first-half 2026 results, where operating cash generation improved even as reported revenue weakened. Macquarie's AUD 5.10 target sits above the October 8 price, placing the target 13.33 percent above the latest quote.

According to IT Boltwise, FFO reached AUD 338.80 million in the six months to June 30, 2026, compared with AUD 322.60 million in the same period of 2025. That is a 5.00 percent increase and gives the operating result a stronger trend than the top line.

FFO rises as revenue falls

GPT's revenue declined 8.20 percent to AUD 507.40 million in the first half of 2026, according to IT Boltwise. The contrast matters because GPT is a property trust whose recurring portfolio income can develop differently from transaction-related revenue.

The same report says GPT agreed on September 13, 2026, to acquire the 66 Eagle Street office tower in Brisbane for AUD 380 million. The building covers 32,000 square meters and was 95.50 percent leased, adding an execution test alongside the FFO improvement.

Consensus remains above the quote

Investing.com lists an overall Buy consensus from 12 analysts, including 6 Buy, 5 Hold and 1 Sell ratings. The average 12-month target is AUD 5.432, with a high of AUD 6.00 and a low of AUD 4.90; the average target is 20.71 percent above the AUD 4.50 quote.

That spread puts the market's main question on execution rather than on a single quarterly number. GPT must convert leasing, property acquisitions and financing discipline into recurring FFO while office occupancy and capital costs remain important valuation variables.

GPT stock stays inside its yearly range

GPT stock was last at AUD 4.50 on the ASX at 4:10 p.m. AEDT on October 8, 2026. The session range was AUD 4.47 to AUD 4.53, the 52-week range was AUD 4.35 to AUD 5.75, market capitalization was AUD 8.6 billion, and volume reached 3,607,306 shares.