Growthpoint Properties Australia (ASX: GOZ) provides an update on FY22 funds from operation (FFO) guidance and confirms the distribution for the 2HFY22. Growthpoint properties has upgraded its FY22 FFO guidance in December 2021 of at least 27.0 cps, but now it has upgraded its FY22 guidance to at least 27.7 cps, representing a minimum of 7.8% growth over FY21.
The reason behind upgrading the guidance is that since December 2021, the company has settled its acquisition of 2-6 Bowes Street, Phillip, ACT, acquired 141 Camberwell Road, Hawthorn East, VIC, and has seen Woolworths exercise its five-year lease option for their Queensland distribution centre at Larapinta and received the rental determination, and has continued to see leasing successes across the portfolio.
Growthpoint Properties announces the distribution for the six months ending 30 June 2022 is 10.4 cps, with the record date to be Thursday, 30 June 2022 and the payment date to be Wednesday, 31 August 2022.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
