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 2019 |
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| Total property portfolio value |
$4.2 billion |
| FY20 DPS guidance | 23.8 cps |
| FY20 FFO guidance | at least 25.4 cps |
| Distribution yield1 | 5.7% |
| Number of properties | 58 |
| Office / industrial | 69% / 31% |
| Average property age | 11.6 years |
| Occupancy | 98% |
| Weighted average lease expiry (WALE) |
6.4 years |
| Weighted average rent review (WARR)2 |
3.3% |
| Weighted average capitalisation rate | 5.7% |
| NTA per stapled security | $3.66 |
| Gearing | 31.4% |
| Fixed debt % | 69% |
| Weighted average debt maturity (WADM) | 4.7 years |
| Average NABERS Energy rating |
4.9 stars |
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1. Distribution yield is the FY20 DPS guidance of $0.238 per security divided by the closing ASX price as at 31 December 2019 of $4.15. 2. Assumes CPI change of 1.8% per annum as per ABS release for CY19. |
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