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Growthpoint Properties Australia ( (AU:GOZ) ) has issued an announcement.
Growthpoint Properties Australia announced its financial results for the six months ending December 31, 2024, indicating a slight increase in revenue to $168 million but a decrease in profit to $88.8 million. The company managed to reduce its net loss by 18% compared to the previous period, while distributions to security holders increased by 16.2%. Growthpoint gained control over several entities during the year, enhancing its portfolio. The interim distribution will be payable on February 28, 2025, but the Distribution Reinvestment Plan remains suspended.
More about Growthpoint Properties Australia
Growthpoint Properties Australia is a real estate investment trust (REIT) that focuses on investing in high-quality Australian real estate, including modern office and industrial properties. It manages a portfolio of office, industrial, logistics, and retail assets for third-party investors through its funds management business. The company is committed to sustainability and aims to achieve a Net Zero Target by July 2025. Growthpoint is listed on the ASX and is part of the S&P/ASX 300, with an investment-grade rating of Baa2 from Moody’s.
YTD Price Performance: 3.36%
Average Trading Volume: 499,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.86B
Find detailed analytics on GOZ stock on TipRanks’ Stock Analysis page.
