GPT is Australia’s longest running listed property group and has therefore stood the test of time and built a wealth of experience.

GPT’s total assets have grown from $6 million in 1971 to $9.5 billion at 30 June 2010.

As at 30 June 2010, an initial investment in GPT of $1,000, assuming reinvestment of distributions and before tax, would have a value of $26,846.80 representing a return to investors since inception of 8.76% pa compound.

For the year to 30 June 2010, GPT's accumulation return was 21.9% compared to the return for the S&P/ASX 200 (GICS) Property Index, which was 20.3% for this period.

	Summary (to June 2010)		12mths	12mths	12mths	12mths	12mths	6mths
			2005	2006	2007	2008	2009	June 2010
	Realised operating income ($m)		$492.3	$558.6	$605.1	$468.8	$375.8	$205.8
	Growth (pcp)		11.4%	13.5%	8.3%	-22.5%	-19.8%	12.5%
	Distribution (cents per security)		24.4	27.5	28.9	17.7	4.5	7.6

Note: Distribution per security impacted by the issue of additional securities over 2008 and 2009. June 2010 distribution post 5 to 1 security consolidation.

Balance Sheet (at 30 June 2010)
The GPT Group has total assets of $9.5 billion.

The borrowing level of GPT represents 25.5% of the total assets of GPT, below GPT's policy range of 25% to 35%.

On a "look through" basis, gearing was 33.0% at June 2010, below GPT's covenant of 55%. In calculating the "look through" gearing, GPT's interest in the associates are proportionally consolidated based on GPT's ownership interest.

GPT has credit ratings which are competitive in both the listed property trust sector and amongst major Australian corporates (Standard & Poor's: long-term = A-(stable) Moody's: Baa1(stable)).