Growthpoint Properties Limited was the overall winner for the Property Sector in Investment Analysts Society (IAS) Excellence in Financial Reporting and Communications Awards 2013, announced last night.
Growthpoint Executive Director, Estienne de Klerk, comments: “We are thrilled to receive this award. As a JSE ALSI40 listed REIT, Growthpoint places a priority on its responsibility to provide timely, accurate and meaningful information to the market. We are pleased that our governance, communication and reporting have been acknowledged by the analysts of the IAS.”
De Klerk adds: “Analysts are key stakeholders in our business. We know that providing information swiftly and accurately helps them do their jobs properly. This is essential because they are responsible for communicating with several of our shareholders with sizable investments.”
Each year the IAS recognises the skills of listed companies with its awards for excellence in providing and communicating market intelligence.
An IAS award signifies high esteem for those companies that hold them. It gives investors confidence in the quality of information provided to analyse the company.
For Growthpoint, the award recognises the excellent quality of its financial, strategic and stakeholder communication.
Leading SA REIT Growthpoint with a market capitalisation of R55 billion owns and manages a diversified portfolio of 438 retail, office and industrial properties in South Africa, 49 properties in Australia through its investment in GOZ, a 50% interest in the properties at V&A Waterfront, Cape Town and an investment in the REITs Acucap Properties of 32.5% and in Sycom of 23%. Its consolidated property assets are valued at R75 billion.