V&A Waterfront owner, Growthpoint Properties annual income slumps 10%

--:--
GUEST – Estienne de Klerk - Growthpoint Properties South Africa CEO

SA’s largest primary listed real estate investment trust (Reit), Growthpoint Properties, says high interest rates globally will remain a challenge into FY 2025, weighing on its distributable income per share (Dips).

The group flagged that its Dips for the current financial year are expected to decline by up to 5% in a release of its annual results for the year ended 30 June 2024 on Wednesday.

Growthpoint’s comments come despite its share price rallying strongly in recent months, due in large part to market expectations around interest rate cuts. Reits, which are highly leveraged by their nature, stand to benefit from rate cuts.
11 Sep 2PM English South Africa Business News · Investing

Other recent episodes

EV adoption in South Africa is steadily increasing, why is that?

GUEST - NAFISA AKABOR – Tech & EV Journalist EV adoption in South Africa is steadily increasing, driven by factors such as government incentives, growing consumer awareness, and the availability of more affordable models. However, challenges such as load shedding, limited charging infrastructure, and high upfront costs continue to hinder…
9 Oct 8AM 10 min

INSIDE YOUR BUSINESS: Prevent your business from being involved in a money laundering scheme

GUEST - Dewald van Rensburg - Investigator at AmaBhungane Centre for Investigative Journalism & Steven Powell, head of ENSafrica's forensics practice The funds are deemed as illicit as they often originate from fraud, corruption, drug trafficking, or other unlawful activities or predicate crimes. Money laundering operations have serious negative impacts…
9 Oct 8AM 15 min

ARIA sees Transnet unbundling as a significant milestone for South Africa's rail sector

GUEST - Mesela Kope-Nhlapo - CEO of African Rail Industry Association (ARIA) The African Rail Industry Association (ARIA) has welcomed the announcement of the vertical separation of Transnet Freight Rail into two distinct operating divisions: Transnet Infrastructure Manager (TRIM) and Transnet Freight Rail (TFR). This strategic unbundling represents a pivotal…
9 Oct 8AM 10 min