GROWTHPOINT PROPERTIES AUSTRALIA (GOZ)
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GOZ - GROWTHPOINT PROPERTIES AUSTRALIA

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.44
Index: ASX300 | ALL-ORDS

Growthpoint Properties is a real estate investment company with a portfolio of industrial and office properties across Australia. It has been listed on the ASX since 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.53

22 Nov
2024

0.040

OPEN

$2.50

1.61%

HIGH

$2.55

167,757

LOW

$2.50

TARGET
$2.65 4.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GMG . GPT . HPI . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GOZ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 39.6 19.8 xxx
DPS (cps) xxx 19.3 19.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 9.8% - 0.3% xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx N/A 97.2% xxx

Dividend yield today if purchased 3 years ago: 4.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.48

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 9.65c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-39.6
DPS All xxxxxxxxxxxxxxx19.3
Sales/Revenue xxxxxxxxxxxxxxx332.4 M
Book Value Per Share xxxxxxxxxxxxxxx346.4
Net Operating Cash Flow xxxxxxxxxxxxxxx133.9 M
Net Profit Margin xxxxxxxxxxxxxxx-89.71 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-10.53 %
Return on Invested Capital xxxxxxxxxxxxxxx-6.27 %
Return on Assets xxxxxxxxxxxxxxx-5.98 %
Return on Equity xxxxxxxxxxxxxxx-10.53 %
Return on Total Capital xxxxxxxxxxxxxxx4.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-19.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx202 M
Long Term Debt xxxxxxxxxxxxxxx1,828 M
Total Debt xxxxxxxxxxxxxxx2,031 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx42 M
Price To Book Value xxxxxxxxxxxxxxx0.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx62 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx37 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,691 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

07/10/2024

1

Buy

$3.00

18.58%

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Buy-rated Growthpoint Properties Australia, a target of $3.00 is set.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

31/10/2024

1

Buy

$3.32

31.23%

Growthpoint Properties Australia reported a "solid" quarterly update reflecting approximately 96,000 sqm of completed leasing across the portfolio, Moelis notes.

The portfolio has a weighted average lease expiry of 5.8 years, boosted by a key tenant’s exercise of a five-year option.

Despite minor occupancy declines in the office segment, demand in Brisbane remains robust, the broker observes, and recent asset sales and capital release initiatives have reduced gearing to 37.9% from 41.7%.

Management retains FY25 guidance. Buy. Target price $3.32.

FORECAST
Moelis forecasts a full year FY25 dividend of 20.30 cents and EPS of 22.50 cents.
Moelis forecasts a full year FY26 dividend of 18.50 cents and EPS of 23.70 cents.
Access Extra Coverage Research History >

GOZ STOCK CHART

FNArena News on GOZ

1
Australian Broker Call *Extra* Edition – Oct 31, 2024

Oct 31 2024 - Daily Market Reports
2
Next Week At A Glance – 7-11 Oct 2024

Oct 04 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Oct 03, 2024

Oct 03 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Aug 27, 2024

Aug 27 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 23-08-2024

Aug 23 2024 - Australia

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