Growthpoint warns of fall in distribution per share
The property group is also reconsidering its distribution policy in the wake of Covid-19
09 July 2020 - 09:23
SA's largest property group, Growthpoint, has warned of at least a double-digit fall in distributable earnings per share (DPS) due to tenant relief and the effects of Covid-19.
DPS for the year to end-June is expected to fall at least 15%, and the group is also reconsidering its policy of paying out 100% of distributable earnings...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.