Subscribe & Follow

Advertise your job vacancies

Growthpoint H1 dividend up 6.5%

1 Mar 2018

Growthpoint increased its dividend per share for the six months to end-December 2017 by 6.5%, the group announced on Wednesday, 28 February.

Distributable income rose 10.6% to R2.9bn and the group net asset value rose 3.9% to 2,593c per share, compared with the first half of 2017.

Group vacancies stood at 4.6%, up 0.9% from the 2017 financial year but well contained, the group said. Group property assets increased 4.4% to R127.7bn on an annual basis.

It said gearing levels remained conservative, down 0.5% from a year earlier. The consolidated loan-to-value ratio was 34.5%, from 36.7% before.

The group expects that the dividend growth for the full year will be similar to that achieved in the previous full year.

At 9.23am the Growthpoint share price was down 2.12% to R29.05. It has risen 5% in 2018.

Source: BDpro

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za