Growthpoint Properties Limited

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Growthpoint Properties, a prominent South African REIT, demonstrated a stable performance in the 2023 financial year, with a 1.3% increase in both dividend per share and distributable income per share. The company's property assets increased by 5.3% to R179.8bn, nearly half of which are located offshore. Despite increasing finance costs, the company's performance remained steady, largely due to the significant contribution from the V&A Waterfront. Growthpoint retained R938.5m before tax for capi... Sign up for more info