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 30 June 2019 |
|
| Total property portfolio value | $4.0 billion |
| Distribution FY19 | 23.0 cps |
| Number of properties | 57 |
| Office / industrial | 69% / 31% |
| Weighted average property age | 11.3 years |
| Occupancy | 98% |
| Weighted average lease expiry |
5.0 years |
| Weighted average rent review (assumes CPI of 1.6%) |
3.3% |
| Weighted average capitalisation rate | 5.9% |
| NTA per stapled security* |
$3.52 |
| Gearing* |
30.1% |
| Percentage of debt fixed* | 76% |
| Weighted average debt maturity |
4.6 years |
| Average NABERS Energy rating |
4.8 stars |
| * Pro forma 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. | |
