Growthpoint Properties Australia sees best day in nearly 3 months on profit growth

Growthpoint Properties Australia

26/08/2021 05:24

** Shares of Growthpoint Properties Australia Ltd  GOZ.AX 
rise as much as 3.41% to A$4.25, posting their biggest intraday
pct gain since June 7  
    ** Real estate investment trust says full-year profit after
tax more than doubled to A$553.2 mln ($401.57 mln) urn:newsml:reuters.com:*:nASX79fZ4j
    ** Declares final dividend distribution of 10 Australian
cents per security
    ** Expects FY22 earnings growth to be driven by full
occupancy at its new premium Botanicca 3 office in Richmond,
Victoria 
    ** FY22 dividend guidance of 20.6 Australian cents per share
    ** Stock hits highest since June 28, eighth-biggest pct
gainer in the S&P/ASX 200 benchmark index  .AXJO  
    ** Stock up 17.8% this year, as of Wednesday's close     
   
($1 = 1.3776 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))