Top 200 property group, Growthpoint Properties Australia (ASX:GOZ) has upped its funds from operations (FFO) per security guidance for FY19, and is now eyeing 25 cents per security (cps). That’s a rise from 24.8 cents per stapled security or share.
Growthpoint declared a half year distribution of 11.6 cents per stapled security for the period ending 30 June 2019. That’s a rise on the same time last year’s 11.4 cps. The ex-div date is 27 June 2019, with the unfranked distribution to be paid around 30 August 2019.
Based on the declared FY19 distribution of 23.0 cents per stapled security, the maximum payout ratio to FFO per stapled security is now 92.0 per cent per cent.
Shares in Growthpoint Properties Australia (ASX:GOZ) are trading 0.23 per cent lower at $4.33.