Growthpoint Properties Australia (AU:GOZ) has released an update.
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Growthpoint Properties Australia reported a decrease in annual revenue to $332.4 million and a net loss of $298.2 million for the fiscal year ended June 30, 2024, alongside a drop in distributions to shareholders. The company’s net tangible assets per security also fell to $3.45 from $4.00 the previous year. Despite these challenges, Growthpoint maintains a robust portfolio of $6.0 billion in assets under management and remains committed to achieving Net Zero by July 2025 for its direct office assets and corporate activities.
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