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August 27, 2008

Growthpoint Properties achieves 'above expectation' growth

Growthpoint Properties Limited announced 14,4% growth in distribution per linked unit for its financial year ended 30 June 2008, with both the company's earnings and its distributions outperforming forecasts.

The largest South African listed property company with 436 geographically and sectorally diverse properties valued at over R27 billion, Growthpoint reported a market capitalisation of R14 billion at 30 June 2008. Since then, and in line with the listed property sector, Growthpoint's unit price has rebounded by over 20% taking its market capitalisation to back over R17 billion.

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Posted by StaffWriter at August 27, 2008 11:51 AM

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