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V&A Waterfront owner, Growthpoint Properties annual income slumps 10%

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Manage episode 439634425 series 2915042
Konten disediakan oleh Kaya 959. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Kaya 959 atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
GUEST – Estienne de Klerk - Growthpoint Properties South Africa CEO
SA’s largest primary listed real estate investment trust (Reit), Growthpoint Properties, says high interest rates globally will remain a challenge into FY 2025, weighing on its distributable income per share (Dips).
The group flagged that its Dips for the current financial year are expected to decline by up to 5% in a release of its annual results for the year ended 30 June 2024 on Wednesday.
Growthpoint’s comments come despite its share price rallying strongly in recent months, due in large part to market expectations around interest rate cuts. Reits, which are highly leveraged by their nature, stand to benefit from rate cuts. Kaya FM
  continue reading

172 episode

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iconBagikan
 
Manage episode 439634425 series 2915042
Konten disediakan oleh Kaya 959. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Kaya 959 atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
GUEST – Estienne de Klerk - Growthpoint Properties South Africa CEO
SA’s largest primary listed real estate investment trust (Reit), Growthpoint Properties, says high interest rates globally will remain a challenge into FY 2025, weighing on its distributable income per share (Dips).
The group flagged that its Dips for the current financial year are expected to decline by up to 5% in a release of its annual results for the year ended 30 June 2024 on Wednesday.
Growthpoint’s comments come despite its share price rallying strongly in recent months, due in large part to market expectations around interest rate cuts. Reits, which are highly leveraged by their nature, stand to benefit from rate cuts. Kaya FM
  continue reading

172 episode

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