Growthpoint Properties ( (GWWTF) ) has released its Q4 earnings. Here is a breakdown of the information Growthpoint Properties presented to its investors.
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Growthpoint Properties is the largest South African primary JSE-listed Real Estate Investment Trust (REIT) with a diversified portfolio across retail, office, logistics, industrial, and trading sectors, including investments in healthcare and student accommodation properties.
In its latest financial report for the year ending June 2025, Growthpoint Properties announced a 6.1% increase in dividends per share to 124.3 cents and a 3.1% rise in distributable income per share to 146.3 cents. The company also reported a decrease in its loan-to-value ratio, indicating improved financial leverage.
Key financial highlights include a reduction in total property assets to R155.8 billion, a decrease from the previous year, attributed to the sale of non-core assets. The company’s South African loan-to-value ratio improved to 34.5%, and the interest cover ratio increased to 2.5 times, reflecting better debt management. Offshore property assets saw a decline, and Growthpoint disposed of its stake in Capital & Regional plc as part of its strategy to focus on core markets.
Looking ahead, Growthpoint Properties is poised to continue optimizing its portfolio and focusing on core assets and markets where it holds significant scale and relevance. The company remains committed to maintaining a strong financial position and delivering value to its shareholders.