Growthpoint Properties Australia (ASX:GOZ) has reported FY23 net property income up by 6.7% to A$264.3 million.

It further declared an FY23 distribution of 21.4 AU cents per share.

However, the company also reported a statutory net loss after tax of A$245.6 million, compared to prior year’s A$459.2 million NPAT.

For FY24, the firm provides FFO guidance of 22.5 - 23.1 AU cents per share and distribution guidance of 19.3 AU cents per share.

Growthpoint Properties Australia is a property company with extensive investments in quality commercial real estate portfolios.