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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.
Our Key Metrics
As at 20 June 2016
|Total property portfolio value||$2.8 billion|
|Distribution guidance FY17||21.3 cps|
|Number of properties||58|
|Office / industrial||56% / 44%|
|Average property age||8.6 years|
|Weighted average lease expiry
|Weighted average rent review
(assumes CPI of 1.3%)
|Weighted average capitalisation rate||7.0%|
|NTA per stapled security
(as at 31 Dec 2015)
|Balance sheet gearing*||39.7%|
|All-in cost of debt*||4.53%|
|Percentage of debt fixed*||76%|
|Average debt maturity*||4.5yrs|
|Average fixed rate debt maturity*||6.0yrs|