Growthpoint Properties Posts Lower FFO in Fiscal H1; Net Property Income Falls

MT Newswires Live

Feb 20

Growthpoint Properties Australia (ASX:GOZ) reported Thursday that its funds from operations (FFO) for the fiscal first half fell to AU$0.118 per stapled security from AU$0.121 per stapled security a year earlier. Analysts surveyed by Visible Alpha expected FFO of AU$0.1104 per stapled security.

The company's loss per diluted security narrowed to AU$0.129 from AU$0.16 per diluted security a year earlier.

Revenue and other income from ordinary activities for the six months ended Dec. 31, 2024, rose 2% to AU$168 million from AU$165.3 million a year ago. Net property income fell to AU$117.9 million from AU$121.9 million. Analysts polled by Visible Alpha expected AU$124.9 million.

The company reaffirmed its full-year FFO guidance of AU$0.223 to AU$0.231 per security.

The board declared a distribution of AU$0.112 per security, up from the AU$0.0965 in the previously reported period, payable on Feb. 28 to security holders of record as of Dec. 31.

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Analysts surveyed by Visible Alpha expected FFO of AU$0.1104 per stapled security.</p><p>The company's loss per diluted security narrowed to AU$0.129 from AU$0.16 per diluted security a year earlier.</p><p>Revenue and other income from ordinary activities for the six months ended Dec. 31, 2024, rose 2% to AU$168 million from AU$165.3 million a year ago. Net property income fell to AU$117.9 million from AU$121.9 million. 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Analysts surveyed by Visible Alpha expected FFO of AU$0.1104 per stapled security.</p><p>The company's loss per diluted security narrowed to AU$0.129 from AU$0.16 per diluted security a year earlier.</p><p>Revenue and other income from ordinary activities for the six months ended Dec. 31, 2024, rose 2% to AU$168 million from AU$165.3 million a year ago. Net property income fell to AU$117.9 million from AU$121.9 million. Analysts polled by Visible Alpha expected AU$124.9 million.</p><p>The company reaffirmed its full-year FFO guidance of AU$0.223 to AU$0.231 per security.</p><p>The board declared a distribution of AU$0.112 per security, up from the AU$0.0965 in the previously reported period, payable on Feb. 28 to security holders of record as of Dec. 31.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2512458747","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512458747","pubTimestamp":1740004336,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Analysts surveyed by Visible Alpha expected FFO of AU$0.1104 per stapled security.The company's loss per diluted security narrowed to AU$0.129 from AU$0.16 per diluted security a year earlier.Revenue and other income from ordinary activities for the six months ended Dec. 31, 2024, rose 2% to AU$168 million from AU$165.3 million a year ago. Net property income fell to AU$117.9 million from AU$121.9 million. Analysts polled by Visible Alpha expected AU$124.9 million.The company reaffirmed its full-year FFO guidance of AU$0.223 to AU$0.231 per security.The board declared a distribution of AU$0.112 per security, up from the AU$0.0965 in the previously reported period, payable on Feb. 28 to security holders of record as of Dec. 31.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}