Growthpoint expects modest growth for the rest of 2023
Real estate investment trust sounds a cautious note despite reporting an increase in property income and declaring a bigger dividend
15 March 2023 - 10:37
Growthpoint has forecast muted growth for the rest of the year as result of higher inflation and interest rates, and local and international economic uncertainty, despite reporting an increase in property income and declaring a bigger dividend.
SA biggest real estate investment trust (Reit) on Wednesday said net property income for the six months to end-December rose 5.6% year on year to R4.9bn, operating profit was up 4.8% to R4.45bn and distributable income per share was 1.3% higher at 77.9c, SA biggest real estate investment trust (Reit)...
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