2019
Full Year 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 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.