Growthpoint reports strong group-wide operational performance with signs of the property cycle turning positive.

Growthpoint exceeds upper end of distributable income per share forecast and sees stronger growth ahead.

Growthpoint delivers half-year results ahead of expectations and upgrades outlook to positive growth for full year.

Growthpoint Properties successfully closed its sizeable R4.3bn equity raise, which opened yesterday afternoon.

Growthpoint Properties Limited (JSE: GRT) delivered 5.4% growth in revenue and R5.5bn in distributable income for its full-year to 30 June 2020.

Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2bn for its six-month period to 31 December 2019.

Growthpoint Properties has posted results for the year to 30 June 2019 with distributable income growth of 5.3% and dividends per share up 4.6%, outperforming its market guidance marginally.

Growthpoint Properties today announced 5.9% growth in distributable income to R3.1bn with revenue from the group increasing 4.3% for its half-year to 31 December 2018, representing dividend growth of 4.5% per share for investors.

Growthpoint Properties continues to grow internationally with a further ZAR908 million investment in Australia.

Growthpoint Properties today announced distribution growth of 6.5% per share for its full year to 30 June 2018 for investors, delivering a solid set of results that match its market guidance.