Growthpoint’s FY17 distribution surpasses guidance

JSE-listed real estate investment trust Growthpoint Properties on Wednesday posted a distribution growth of 6.5% for the year ended June 30, surpassing its guidance. The group declared a final dividend of 100.8c a share for the year – a 6.9% rise on the 94.3c apiece declared in 2016 and in excess of the guidance of between 5% and 6%.