Edition:
India

Growthpoint Properties Ltd (GRTJ.J)

GRTJ.J on Johannesburg Stock Exchange

1,230.00ZAc
18 Sep 2020
Change (% chg)

-30.00 (-2.38%)
Prev Close
1,260.00
Open
1,262.00
Day's High
1,272.00
Day's Low
1,218.00
Volume
15,828,220
Avg. Vol
10,097,609
52-wk High
2,450.00
52-wk Low
950.00

Latest Key Developments (Source: Significant Developments)

Growthpoint Properties Says Cash Dividend Of R2,204 Mln Payable Today In Respect Of 1.96 Bln Shares
Monday, 7 Oct 2019 

Oct 7 (Reuters) - Growthpoint Properties Ltd ::A CASH DIVIDEND OF R2,204 MILLION IS PAYABLE TODAY IN RESPECT OF 1.96 BILLION GROWTHPOINT SHARES.  Full Article

Growthpoint Properties HY Diluted HEPS OF 81.38 Cents
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Growthpoint Properties Ltd ::HY 2 570 NAV (CENTS PER SHARE) AN INCREASE OF 0.5% FROM FY18.HY DIVIDEND PER SHARE 105.8 (CENTS PER SHARE) GROWTH OF 4.5% FROM FY18.HY R138.7BN IN GROUP PROPERTY ASSETS (4.3% GROWTH FROM FY18).PARTICIPATED IN RESTRUCTURING OF EDCON BY PROVIDING IT WITH EQUITY INJECTION OF R110 MILLION, IN RETURN FOR EQUITY STAKE.AMONG LANDLORDS APPROACHED IN DECEMBER 2018 TO CONSIDER A RENTAL REDUCTION FOR RETAIL SPACE LEASED TO EDCON'S BRANDS.WITH REGARDS TO EDCON, ALREADY DECREASED ITS EXPOSURE TO RETAIL GROUP BY APPROXIMATELY 9 000M2 SINCE 31 DECEMBER 2017.WITH REGARDS TO EDCON, EXPOSURE TO RETAIL GROUP IS EXPECTED TO DECREASE FURTHER BY AT LEAST 18 000M2 OVER NEXT TWO YEARS.MOST OF FY19'S GROWTH WILL COME FROM OUR INTERNATIONAL INVESTMENTS.DIVIDEND WITHHOLDING TAX TO BE LOWER THIS YEAR, HAVE TAKEN ADVANTAGE OF EXCHANGE RATE WEAKNESS WITH FAVOURABLE HEDGE RATES.SOLID DEVELOPMENT PIPELINE IN ROMANIA AND ACCRETIVE ACQUISITION OPPORTUNITIES IN POLAND.HY TOTAL REVENUE R5.63 BILLION VERSUS R5.49 BILLION.HY DILUTED HEADLINE EARNINGS PER SHARE OF 81.38 CENTS.ASSUMING NO FURTHER DETERIORATION IN SOUTH AFRICAN BUSINESS ENVIRONMENT, EXPECT GROWTH IN DIVIDEND FOR 2019 OF ABOUT 4.5%.  Full Article

South Africa's Growthpoint provides rent relief to nearly 1,500 small firms

JOHANNESBURG South Africa's Growthpoint Properties said on Monday it had provided rent relief to 1,494 small, medium and micro enterprises (SMMEs) hit by a lockdown to contain the coronavirus pandemic.