![In August, John McGrath, dubbed "Mr Sydney Real Estate", stepped down as chief executive of the group he founded in 1988.](/web/20170223101157im_/http://www.theage.com.au/content/dam/images/g/s/v/z/x/6/image.related.wideLandscape.460x259.guih0j.png/1487830492486.jpg)
McGrath shares hit as it warns 'challenging' conditions to continue
Shares in listed real estate group McGrath took another hit on Thursday as it warned "challenging" market conditions were likely to continue after reporting a dive in half-year pro-forma profit.