Growthpoint Properties Australia (FRA:IVP1)
€ 1.33 -0.0594 (-4.28%) Market Cap: 1.10 Bil Enterprise Value: 2.30 Bil PE Ratio: 0 PB Ratio: 0.63 GF Score: 76/100
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Half Year 2024 Growthpoint Properties Australia Ltd Earnings Call Transcript

Feb 22, 2024 / 12:00AM GMT
Release Date Price: €1.33 (-0.07%)
Tim Collyer
Growthpoint Properties Australia Ltd - MD

Good morning, and welcome to Growthpoint Properties Australia's first half financial year '24 results. My name is Tim Collyer, Managing Director of Growthpoint. Joining me this morning are Michael Green, Chief Investment Officer; and Dion Andrews, Chief Financial Officer.

I will start this morning with a brief overview of our results and strategy. Michael will then provide an update on our property portfolio, followed by Dion, who will give a more detailed review of our financials. And finally, I'll provide a summary and outlook. We will then be happy to answer any questions, you may have.

Turning to slide 4. Our goal remains to provide securityholders with sustainable income returns and capital appreciation over the longer term. Despite challenging property markets, we managed to achieve some great office leasing yields, which increased our office occupancy, a really strong endorsement in the quality of our office portfolio.

We were very pleased to tell an industrial company will embark on site. We also divested an office

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