Growthpoint raises FY25 DIPS growth guidance despite C&R sale

Growthpoint Properties has revised its FY25 DIPS growth guidance upward to between 2% and 3%, an increase from the previous forecast of 1% to 3%. This positive adjustment comes despite a challenging economic environment and the planned strategic disposal of assets, including its investment in Capital and Regional plc (C&R). The improved outlook is attributed to stronger property fundamentals in South Africa, outperformance by the V&A Waterfront, and lower interest rates, which offsets the sale of C&R.