The grim set of results released by Growthpoint Properties last week is a stark reflection of the extent to which Covid, coupled with an economy that’s fallen off a cliff, has decimated profits in the commercial property sector.

As the JSE’s largest and most diversified SA-based real estate investment trust (Reit), Growthpoint is regarded as a reliable bellwether of the general state of SA’s retail, office and industrial property market.

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