BRIEF-Growthpoint Properties Confirms HY20 Dividend Payment, Withdraws FY20 Outlook

  • Reuters
  • Stock Market News
BRIEF-Growthpoint Properties Confirms HY20 Dividend Payment, Withdraws FY20 Outlook
Credit: © Reuters.

March 26 (Reuters) - Growthpoint Properties Ltd GRTJ.J :

* COVID–19 IMPACT ON GROWTHPOINT'S BUSINESS, CONFIRMATION OF HY20 DIVIDEND PAYMENT AND WITHDRAWAL OF FY20 GUIDANCE

* CONFIRM PAYMENT OF ITS HY20 DIVIDEND OF 106.0 CENTS PER SHARE ON 6 APRIL 2020

* WITHDRAWS ITS DIVIDEND GUIDANCE PREVIOUSLY PROVIDED FOR FY20.

* HAVE MINIMAL EXPOSURE TO TURNOVER RENTAL LEVELS

* HAVE MINIMAL EXPOSURE TO TURNOVER RENTAL LEVELS

* ITS DIVIDEND GUIDANCE PREVIOUSLY PROVIDED FOR FY20

* TENANTS IN LOGISTICS BUSINESS AND THOSE CLASSIFIED AS CRITICAL SERVICES WILL BE LESS IMPACTED

* RETAIL BUSINESS NO DOUBT FACES MOST UNCERTAINTY AT PRESENT

* RESTAURANTS, PERSONAL CARE RETAILERS, INDEPENDENTS AND LINE SHOPS WILL BE IMPACTED MOST

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