Growthpoint income hampered by high interest rates
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The majority of the SA key performance indicators improved, including arrears, rental reversion rates, valuations and vacancies in office and retail
11 September 2024 – 09:18
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Growthpoint Properties has reported a decline in distributable income per share as high interest rates continued to negatively affect earnings.
On Wednesday, SA’s largest JSE-listed real estate investment trust (Reit) reported distributable income per share decreased by 10% to 141.9c for the year ended June, which was within the 10%-12% guidance range provided for the 2024 financial year…
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