Growthpoint’s resilient business positioned to deliver sustainable growth

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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 30 September 2019

Total property portfolio value1 $4.0 billion
FY20 DPS guidance 23.8 cents
FY20 FFO guidance 'at least' 25.4 cps
Distribution yield2 5.5%
Number of properties 58
Office / industrial 69% / 31%
Average property age 11.5 years
Occupancy 98%
Weighted average lease expiry (WALE)
4.9 years
Weighted average rent review (WARR)
(assumes CPI of 1.6%)
3.3%
Weighted average capitalisation rate 5.9%
NTA per stapled security3 $3.52
Gearing 32.5%
Percentage of debt fixed 68.8%
Weighted average debt maturity (WADM) 4.3 years
Average NABERS rating (energy)4 4.8 stars
1.Property valuations as at 30 June 2019. Includes the recent acquisition of 3 Maker Place, Truganina, Victoria.
2.Distribution yield is the FY20 distribution of 23.8 cents per security divided by the closing ASX price as at 30 September 2019 of $4.32.
3.Pro forma, as at 30 June 2019, for the settlement of the Institutional Placement and Security Purchase Plan launched in FY19 but settled in early FY20, raising $174 million for the issue of 43.7 million securities and the repayment of debt from those proceeds.
4.As at 30 June 2019.