Growthpoint Properties Australia rises as co hikes earnings forecast

Growthpoint Properties Australia

14/12/2021 24:34

** Shares of Growthpoint Properties Australia Ltd  GOZ.AX 
rise as much as 2.2% to A$4.270, their highest since Nov 1
    ** The real estate investment trust upgrades its FY22 funds
from operations (FFO) outlook to at least 27.0 Australian cents
per security from 26.3 Australian cents per security
 urn:newsml:reuters.com:*:nASX1lVRvk
    ** Also raises its distribution outlook to 20.8 Australian
cents per security from 20.6 Australian cents per security  
    ** Co refinances A$715 mln ($509.80 mln) of debt and enters
into two new debt facilities totalling A$150 mln
    ** Shares set for their best day since Dec 7
    ** As of last close, stock up 19.8% this year

    ($1 = 1.4025 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))