Capital management
initiatives achieved via
sale of two properties;
gearing reduced to 39.4%
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Portfolio repositioning
and leasing success
continue in HY17
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Take a virtual tour of Growthpoint's largest industrial asset
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Find out more about Growthpoint's commitment to sustainability
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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 31 March 2017

Total property portfolio value $3.1 billion
Distribution guidance FY17 21.5 cps
Number of properties 57
Office / industrial 65% / 35%
Average property age 9.5 years
Occupancy 98%
Weighted average lease expiry
6.2 years
Weighted average rent review
(assumes CPI of 1.5%)
3.2%
Weighted average capitalisation rate 6.7%
NTA per stapled security
(as at 31 Dec 16)
$2.72
Balance sheet gearing
(pro forma after asset sales announced 5 Apr 17)
39.4%
All-in cost of debt
(as at 31 Dec 16)
4.1%

Percentage debt fixed
(post settlement of USPP Jun 17)

> 75%
Average debt maturity
(post settlement of USPP, pro forma 31 Dec 16)
5.3 years
Average NABERS rating (energy) 4.4 stars