Our philosophy is to be a pure landlord, with 100% of our income derived from rent under leases to quality tenants from commercial real estate.
Growthpoint Properties Australia is an ASX listed real estate investment trust or A-REIT (ASX Code: GOZ), with a mandate to invest in Australian property in the industrial, office and retail sectors.
GOZ’s objective is to provide investors with a tradeable security producing consistently growing income returns and long-term capital appreciation.
Our Key Metrics
As at 31 December 2016
|Total property portfolio value||$3.2 billion|
|Distribution guidance FY17||21.5 cps|
|Number of properties||59|
|Office / industrial||66% / 34%|
|Average property age||9.1 years|
|Weighted average lease expiry
|Weighted average rent review
(assumes CPI of 1.5%)
|Weighted average capitalisation rate||6.7%|
|NTA per stapled security||$2.72|
|Balance sheet gearing||42.5%|
|All-in cost of debt||4.1%|
|Percentage debt fixed||71%|
|Average debt matuirty||3.5 years|
|Average fixed rate debt maturity||5.1 years|
|Average NABERS rating (energy)||4.4 stars|