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 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. | |
