Liquidity keeps top SA estate stock afloat

Growthpoint announced this week that it was paying an interim dividend of 58.50c a share for the six months ended December 2020

14 March 2021 - 00:19 By Nick Wilson

Big isn't always better when it comes to financial performance, but a combination of scale, a diversified portfolio and a strong balance sheet has helped Growthpoint Properties, SA's largest listed real estate stock, deliver a solid performance in the face of the pandemic.

Growthpoint, which has a R157bn property portfolio across multiple sectors in SA, Australia, the UK and Eastern Europe, announced this week that it was paying an interim dividend of 58.50c a share for the six months ended December 2020...

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