Bulletin: GPT Group's Diversified Portfolio Weathers Pandemic Fallout - S&P Global Ratings’ Credit Research

Bulletin: GPT Group's Diversified Portfolio Weathers Pandemic Fallout

Bulletin: GPT Group's Diversified Portfolio Weathers Pandemic Fallout - S&P Global Ratings’ Credit Research
Bulletin: GPT Group's Diversified Portfolio Weathers Pandemic Fallout
Published Aug 10, 2020
Published Aug 10, 2020
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (S&P Global Ratings) Aug. 11, 2020--S&P Global Ratings today said that GPT Group (A/Stable/A-1) would withstand the COVID-19-related fallout on its retail rental collection and lower property revaluations due to its diversified asset portfolio and relatively low gearing levels. Australia-based GPT Group issued A$300 million of domestic medium-term notes during the first half ended June 30, 2020, which bolstered the group's liquidity position to A$1.2 billion in cash and undrawn bank facilities. Operating conditions for the group's retail assets were challenging from March 2020 with the onset of COVID-19 that resulted in government-imposed stay-at-home restrictions. In the first half, GPT reported a statutory net loss after tax of A$519.1 million, including a negative property revaluation of A$711.3 million. In

  
Report Type:

Bulletin

Ticker
GPT@AU
Issuer
Sector
Global Issuers, Structured Finance
Country
Region
Pacific
Format:
PDF Adobe Acrobat
Buy Now

GPT Group – 2021/01/13 – US$ 500.00

GPT Group – 2021/04/28 – US$ 500.00

GPT Group – 2019/12/17 – US$ 500.00

GPT Group – 2018/07/24 – US$ 500.00

Summary: GPT Group – 2018/07/24 – US$ 225.00

Summary: GPT Group – 2017/05/31 – US$ 225.00

Summary: GPT Group – 2016/11/29 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: GPT Group's Diversified Portfolio Weathers Pandemic Fallout" Aug 10, 2020. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GPT-Group-s-Diversified-Portfolio-Weathers-Pandemic-Fallout-2493714>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: GPT Group's Diversified Portfolio Weathers Pandemic Fallout Aug 10, 2020. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GPT-Group-s-Diversified-Portfolio-Weathers-Pandemic-Fallout-2493714>
  
Free
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.