V&A back on global tourist map
Tourists have flocked to Growthpoint’s flagship V&A Waterfront, which should help place the company back on investor radars
22 September 2022 - 05:00
Sector heavyweight Growthpoint Properties’ better-than-expected earnings recovery has been bolstered by an encouraging return of visitors to its crown jewel, the V&A Waterfront in Cape Town.
Growthpoint, the JSE’s largest SA-based property stock with a market cap of R45bn, last week reported an 8.4% increase in dividends to 128.4c a share for the 12 months to June. Analysts were expecting closer to 122c a share. ..
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