Growthpoint delivers
strong first half
performance

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in our 1H20 results

 
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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.


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Our Key Metrics

As at 31 December 2019

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

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.