South Africa’s Growthpoint posts marginal rise in distributable income

Reuters

Cityscape of Johannesburg in South Africa a venue of the 2010 World Cup, February 18, 2010. Reuters Image used for illustrative purpose

South Africa’s Growthpoint Properties said on Wednesday its full-year distributable income rose by 1.3% as vacancies at home improved.

Growthpoint said distributable income per share, the primary measure of underlying financial performance in the listed property sector, rose to 157.6 cents in the year to June 30 from 155.6 cents a year earlier.