Growthpoint Properties Australia has achieved a modest lift in earnings for its 2020 financial year after collecting almost all of its rent billed.
Funds from operations, the preferred earnings measure in the property sector, rose by 2 per cent to 25.6¢ per security. Statutory profit after tax, which takes into account property gains and losses, fell 27.5 per cent to $272.1 million.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
