Company structure
Growthpoint Properties Australia
Growthpoint Properties Australia is an Australian Securities Exchange (ASX) listed A-REIT (Code: GOZ), that invests in quality, well leased investment property within Australia. It has a stapled entity structure, with internalised management, comprising Growthpoint Properties Australia Limited (the Responsible Entity) and Growthpoint Properties Australia Trust.
Stapled Group structure
The objective of the Group is to provide investors with a tradeable security producing consistently growing income returns and long-term capital appreciation.
UBS Investment Research and Macquarie Securities undertake research on Growthpoint Properties Australia for institutional investors. Please contact these entities directly if would like to view any research reports. Patersons Securities no longer has a specialist REIT research team and so has stopped researching Growthpoint Properties Australia.
Our Key Metrics
| (as at 31 December 2018) | |
| Total value | $3.9 billion |
| Distribution guidance FY19 |
23.0cps |
| No. of properties | 59 |
| Office / industrial | 69% / 31% |
| Average property age | 10.7yrs |
| Occupancy | 99% |
| WALE | 5.1yrs |
| WARR (assumes CPI of 1.8%) | 3.3% |
| Cap rate | 6.0% |
| NTA per stapled security | $3.36 |
| Gearing | 35.0% |
| % debt fixed | 69% |
| Weighted average debt maturity | 4.2 yrs |
| Average NABERS rating (energy) | 4.5 stars |
