- Increased occupancy to 96% primarily driven by leasing succes1
- Maintained the Group's strong financial position, with proforma gearing of 29.8%, well below our target range, 35%-45%2
- Upgraded FY21 funds from operations (FFO) guidance to 25.4 - 25.7 cents per security (cps), previously 25.2 -25.5 cps
- Distribution guidance of 20.0 cps reaffirmed
Timothy Collyer, Managing Director of Growthpoint, said, "Growthpoint delivered a strong performance this quarter, building upon our successful start to the financial year. We continued to achieve leasing success, which drove an increase in the portfolio's occupancy to 96%. The Group has no significant lease expiries remaining in FY21 and we are making good progress negotiating key FY22 expiries.