Growthpoint Properties Australia Updates FY25 Guidance and Expands Logistics Portfolio

Growthpoint Properties Australia ( (AU:GOZ) ) has issued an announcement.

Growthpoint Properties Australia has updated its FY25 guidance, highlighting an increase in funds from operations to no less than 23.0 cents per security, up from the previous range of 22.3-23.1 cps. The company has expanded its logistics partnership with a $40 million asset purchase in Queensland and maintained high occupancy rates across its portfolio. The announcement reflects Growthpoint’s strategic capital management and its focus on sustainable growth, which is expected to positively impact its market positioning and stakeholder confidence.

More about Growthpoint Properties Australia

Growthpoint Properties Australia is a real estate investment trust (REIT) listed on the ASX and part of the S&P/ASX 300. The company invests in high-quality Australian real estate, owning a portfolio of modern office and industrial properties. It also manages office, industrial, logistics, and retail assets for third-party wholesale syndicates and institutional investors through its funds management business. Growthpoint is committed to sustainability, aiming to achieve its Net Zero Target by July 2025.

Average Trading Volume: 510,863

Technical Sentiment Signal: Buy

Current Market Cap: A$1.8B

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