ASX:GOZREITs
Growthpoint Properties Australia (ASX:GOZ) Shares Face Incentive Pressure Despite Steady FFO
Investors came into Growthpoint Properties Australia with the stock drifting over the past week and quarter. Yet the latest move now hinges on one question: is the price really reflecting what just happened to cash earnings? The headline is simple. Funds From Operations, the key profit measure for real estate investment trusts, landed at A$177.6m or A$0.235 per share, close to the top of guidance, while the distribution stayed at A$0.184 per share.
The market now has to decide whether steady...