Growthpoint lifts FY distributions by 19.8%, revenue by 26%

JSE-listed real estate investment trust (Reit) Growthpoint Properties increased its gross revenue by 26.1% and raised its asset value to R112.5-billion in the year ended June 30.   It boosted its yearly distributions to shareholders by 19.8%, with distributions above R5-billion for the first time.    Growing distributions from Growthpoint’s 65.5% holding in Growthpoint Properties Australia (GOZ) positively impacted on its results, amplified by slightly improved exchange rates and effective ...