Growthpoint warns of flat distribution growth as tenants become pickier
The property group experienced 5.3% growth in full-year distributable income to end-June, but says growth, if any, will be marginal in 2020
11 September 2019 - 08:52
SA’s largest listed real estate company, Growthpoint Properties, grew its distribution per share 4.6% in the year to end-June, but warned due to pressure on rentals growth in the next year might be low.
Growthpoint, which owns half of the V&A Waterfront, upped its dividend 4.6% to 218.1c per share to end-June, marginally exceeding its guidance of 4.5% for the period...
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