Growthpoint Properties stock reports 4.3 percent DIPS growth
Published on 09/23/2026 at 19:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Growthpoint Properties stock reported FY2026 distributable income per share of 152.6 cents, up 4.3 percent from 146.3 cents, while the JSE-listed REIT traded at ZAR 16.04 on September 23, 2026. The latest annual results combine higher distributions with a balance sheet that carries less leverage.
Dividend growth outpaced income
For the year ended June 30, 2026, distributable income per share increased 4.3 percent to 152.6 cents, according to Moneyweb. The final dividend was 67.3 cents per share, taking the full-year dividend to 133.5 cents, compared with 124.3 cents in FY2025.
The distribution growth was supported by a 4.4 percent increase in total distributable income to ZAR 5.2 billion. South African net property income rose 4.4 percent on a like-for-like basis, giving the result an operating component beyond valuation changes.
Assets grew as leverage fell
Group assets increased 2.8 percent to ZAR 160.1 billion, while net asset value per share rose 3.8 percent to 2,131 cents, Engineering News reported on September 10, 2026. The group loan-to-value ratio improved to 38.7 percent from 40.1 percent, a 1.4 percentage-point reduction.
Growthpoint sold ZAR 4.9 billion of assets and invested ZAR 1.3 billion in developments during FY2026. The capital allocation mix matters because asset sales can support leverage while development spending protects future income capacity.
Stock remains below yearly high
At ZAR 16.04 on the JSE on September 23, 2026, Growthpoint Properties stock was 0.74 percent lower than the previous close of ZAR 16.16. The quote sits 15.2 percent below the 52-week high of ZAR 18.92 and above the 52-week low of ZAR 14.55, placing the market value closer to the lower half of its annual range.
Growthpoint Properties key facts
- Company: Growthpoint Properties Limited
- Ticker: GRT
- Trading venue: JSE
- Price as of September 23, 2026: ZAR 16.04
- Market capitalization: ZAR 54,339,280,788 as of September 23, 2026
- 52-week range: ZAR 14.55-18.92 as of September 23, 2026
- Sector / Industry: Real Estate / REIT - Diversified
