Growthpoint Properties

FY Results – Distributable income per share (DIPS) increased by 1.3% to 157cps. Basic HEPS decreased by 29.1% to 149cps. The NAV per share decreased by 0.3% to 2151cps. Offshore investments contributed 29.1% to DIPS and comprise 45.8% of group property assets. LTV rose to 40% compared to 38%, mainly due to negative property valuations Australia. Group vacancies rose to 9.4% from to 9.3%.
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