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 October 2016*
|Total property portfolio value||$3.1 billion|
|Distribution guidance FY17||21.5 cps|
|Number of properties||59|
|Office / industrial||65% / 35%|
|Average property age||8.9 years|
|Weighted average lease expiry
|Weighted average rent review
(assumes CPI of 1.3%)
|Weighted average capitalisation rate||6.9%|
|Balance sheet gearing||43.7%|
|Weighted average debt term||3.5yrs|
|Weighted average duration of hedges/fixed debt||5.2yrs|