WATCH: Why Growthpoint reported tepid distribution growth
Growthpoint CEO Norbert Sasse talks to Business Day TV about the company’s performance
Property company Growthpoint reported a 2.2% rise in half-year distributable income while distribution per share grew by a tepid 0.2%.
The growth, such as it was, was largely due to its internalisation strategy, which acted as a buffer for the weak showing from its local property portfolio. ..