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 March 2019 |
|
| Total property portfolio value | $3.8 billion |
| Distribution guidance FY19 | 23.0 cps |
| Number of properties | 57 |
| Office / industrial | 69% / 31% |
| Weighted average property age | 10.9 years |
| Occupancy | 99% |
| Weighted average lease expiry |
5.1 years |
| Weighted average rent review (assumes CPI of 1.31%) |
3.3% |
| Weighted average capitalisation rate | 6.0% |
| NTA per stapled security (as at 31 December 2019) |
$3.36 |
| Gearing |
35.7% |
| Percentage of debt fixed | 79.1% |
| Weighted average debt maturity |
4.0 years |
| Average NABERS rating (energy) |
4.6 stars |
