Growthpoint Properties' FY25 distribution announcement

Growthpoint Properties Australia (ASX:GOZ), a leading real estate investment trust, has declared a distribution of 11.2 cents per security for the half-year ending 31 December 2024. This includes a one-off 2.1 cps related to tax from a capital gain. For the full fiscal year ending 30 June 2025, the distribution guidance is 20.3 cps.

Growthpoint Properties' FY25 outlook and strategy

Growthpoint Properties Australia has announced a distribution strategy for FY25, including a total of 20.3 cents per security. The company emphasizes its sustainability commitment, aiming for a Net Zero Target by July 2025 for its office assets and activities. Growthpoint manages a diversified portfolio worth $6.0 billion, showcasing its robust financial standing with an investment-grade rating from Moody's. The distribution guidance includes a one-off payment related to tax from a capital gain. Growthpoint's distribution reinvestment plan remains suspended.

Executive commentary on Growthpoint's strategy

The one-off distribution of 2.1 cps is to cover tax on a capital gain. Growthpoint remains committed to sustainability with our Net Zero Target by July 2025.