Real estate investment trust Growthpoint Properties Australia (ASX:GOZ) launched a new logistics partnership with an initial commitment of AU$198 million.

Proceeds from the Growthpoint Australia Logistics Partnership and following the sale of the 15.1% investment in Dexus Industria REIT (ASX: DXI) will reduce the company's gearing to about 38% from nearly 42%, according to a Tuesday filing with the Australian bourse.

For fiscal 2025, the REIT maintained its funds from operations per security guidance of AU$0.223 to AU$0.231 and reaffirmed its distribution per security guidance of AU$0.182 with an additional AU$0.021 special distribution.

The distribution guidance is subject to the completion of the Growthpoint Australia Logistics Partnership transaction, the filing said.

Growthpoint Properties Australia's shares slipped almost 1% in recent Tuesday trade.

Price (AUD): $2.60, Change: $-0.020, Percent Change: -0.76%