GPT

Real estate property group, GPT Group (ASX:GPT) have released its full year profit to the Australian sharemarket.

• GPT net profit at $594.5 million, up 141 percent on $246.2 million. Realised operating income at $456.4 million, 4 percent higher than 2011.
• GPT Property Group chief executive Michael Cameron said, "We are committed to advancing a proposal that’s going to be in the best interest of Australand and GPT security holders".

Diversified property developer, GPT Group (ASX:GPT) has announced its profit results for the half year.

• 1H Net profit: $275.5 million (+13 percent on previous corresponding period)
• The listed property trust, shed 70 jobs to cut costs, with 10 new roles created. One of costs of $6.6 million to job justs but would increase operating income by $2 million in 2012 with an increase of $10 million in 2013.

There are no floats but there are a couple of ex-dividends scheduled for tomorrow and there are quite a few companies who are holding their Annual General Meeting on Friday 28 October, 2011.

Annual General Meetings

Here is a list of companies who have scheduled an AGM today:

There is one company scheduled to float , nine stocks that will go ex-dividend, and six companies that will hold their general meeting on August 31, 2011.

Dividends

S&P ASX 100 Big Percentage Gainers stocks for the week. These stocks increased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (4th week: 24th January to 28th January 2011). Other lists of ASX companies by market capitalisation.

There may be a new round of merger and acquisition corporate activity surrounding the Real Estate Investment Trusts or REITs sector. There has been a recovery of the commercial property market in Australia that may spur the increased M&A activity.

A report (second annual REIT Monitor report) released by corporate advisory firm PKF Chartered Accountants and Business Advisers have said that Mergers & Acquisitions (M&A) will dominate the Real Estate Investment Trust (REIT) sector in the coming year.

Find out Which Shares Lost the Most in the Top 100 ASX Stocks. These Shares decreased their share price by the biggest percentage on the Australian stockmarket, the Australian Securities Exchange (ASX) from the last week of trading (43rd week of 2010: 25th to 29th October). Other lists of Australian companies by Market capitalisation.

Australian property manager and diversified property group, Stockland (ASX:SGP) is weighing up its options on its 14.9 percent stake on FKP Property Group (ASX:FKP). However, FKP's largest investor is Mulpha Australia. One rumour is that the company may consider "an asset-for-equity swap" for FKP's retirement assets.