Australia's Growthpoint Properties gains on forecast upgrade

Growthpoint Properties Australia

18/04/2024 02:38

** Shares of Growthpoint Properties  GOZ.AX  rise as much as
2.1% to A$2.400, set for their best day since April 8, if
current trend holds
    ** The real estate group hikes FY24 funds from operations
outlook to 23.2 AU cps - 23.6 AU cps from 22.5 AU ps - 23.1 AU
cps
    ** Co reaffirms FY24 distribution outlook of 19.3 AU cps
    ** Stock has risen about 1% this year, as of last close

    

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))