The GPT Group (GPT) Fair Value & Analysis
Real Estate · AU · Market cap A$9.4B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated yesterday
Share price +6.8% over the past month.
A solid business, but screening 33% overvalued on our models.
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (A$4.49). The favourable scenario is already priced in.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range A$3.03 – A$5.48 · fair‑value band A$2.62 – A$4.49 · the A$5.17 price screens above the A$3.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
The GPT Group (GPT) currently trades at A$5.17, while our model-based Fair Value estimate is A$3.49, implying the stock looks roughly 32.5% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, The GPT Group generated revenue of A$1.0B at a net margin of 94.5%. Revenue declined 5.2% year over year. It earns a return on equity of 9.5%. Net debt stands at A$5.5B. Fundamentals as of Aug 13, 2026
Our scenario range runs from A$2.62 (bear case) to A$4.49 (bull case); at A$5.17, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at -33%, GPT screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Economic Profit (A$5.15) versus Growth DCF (A$1.54). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
The GPT Group is one of Australia's leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.
Full company description
The GPT Group is one of Australia's leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets. The GPT Group (GPT) is a stapled entity comprised of the General Property Trust (the Trust) and its controlled entities and GPT Management Holdings Limited (the Company) and its controlled entities. General Property Trust is a registered scheme, registered and domiciled in Australia. GPT RE Limited (GPTRE) is the Responsible Entity of the General Property Trust. GPT Management Holdings Limited (GPTMHL) is a company limited by shares, incorporated and domiciled in Australia. GPTRE Limited is a wholly owned entity of GPT Management Holdings Limited. The GPT Group was incorporated in 1959 in Austalia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The GPT Group reported revenue of A$1.0B in FY2025 versus A$795M in FY2021, a compound +6.7%/yr. Reported net income was A$981M in FY2025, compounding −8.9%/yr from FY2021.
GPT screens 33% overvalued. Compare with Goodman Group →
Peer Group
REIT - Diversified · 169 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMG | A$30.05 | A$7.37 | -75% |
| VICI Properties Inc VICI | $26.07 | $41.74 | +60% |
| W. P. Carey Inc WPC | $70.69 | $34.80 | -51% |
| Charter Hall Group CHC | A$23.56 | A$10.99 | -53% |
| Stockland SGP | A$4.27 | A$3.70 | -13% |
| Fibra Uno FUNO11 | 31.10 MXN | 54.87 MXN | +76% |
| Mirvac Group MGR | A$1.77 | A$0.5700 | -68% |
| KLCC Property Holdings 5235SS | 8.70 MYR | 6.66 MYR | -23% |
| Fibra Danhos DANHOS13 | 28.26 MXN | 49.89 MXN | +77% |
| Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company TRGYO | 93.75 TRY | 131.40 TRY | +40% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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