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Growthpoint posts distribution growth of 6.1% for H1

By:  
Creamer Media Contributing Editor Online
 
PROPERTY
JSE-listed real estate investment trust (Reit) Growthpoint Properties on Wednesday reported distribution growth of 6.1% for the six months to December 31, delivering performance comfortably in line with market guidance. Growthpoint achieved an increase in total distributable income of 10% from its prior half-year and improved portfolio vacancies from 5.7% to 5.4%, while boosting the value of its property assets to over R120-billion.
 
 
 
 
 

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