GROWTHPOINT PROPERTIES AUSTRALIA (GOZ)
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GOZ

GOZ - GROWTHPOINT PROPERTIES AUSTRALIA

FNArena Sector : Infra & Property Developers
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 9.08
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

$2.41

20 Aug
2025

-0.050

OPEN

$2.45

-2.03%

HIGH

$2.47

859,442

LOW

$2.39

TARGET
$2.427 0.7% upside
OTHER COMPANIES IN THE SAME SECTOR
CMW . CWP . FRI . FWD . GLF . GMG . GPT . LIC . LLC . MGR . PPC . SFC . SGP . SIO . UOS .
FNARENA'S MARKET CONSENSUS FORECASTS
GOZ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 16.5 20.3 xxx
DPS (cps) xxx 20.3 18.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 5.2% - 9.4% xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx N/A 90.6% xxx

Dividend yield today if purchased 3 years ago: 5.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.25

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-16.5
DPS All xxxxxxxxxxxxxxx20.3
Sales/Revenue xxxxxxxxxxxxxxx331.3 M
Book Value Per Share xxxxxxxxxxxxxxx309.6
Net Operating Cash Flow xxxxxxxxxxxxxxx112.1 M
Net Profit Margin xxxxxxxxxxxxxxx-37.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-5.04 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.89 %
Return on Assets xxxxxxxxxxxxxxx-2.74 %
Return on Equity xxxxxxxxxxxxxxx-5.04 %
Return on Total Capital xxxxxxxxxxxxxxx4.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-45.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx1,855 M
Total Debt xxxxxxxxxxxxxxx1,857 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx50 M
Price To Book Value xxxxxxxxxxxxxxx0.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx76 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx57 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,201 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

0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

15/08/2025

1

Buy

$2.60

7.88%

Growthpoint Properties Australia delivered a stable FY25 operational performance, assesses Citi, This outcome was supported by a long-lease portfolio (with mainly government and large corporate tenants), while expanding its funds management platform.

The broker highlights office occupancy of 92% with a 5.5-year weighted average lease expiry (WALE) and a 7.0% cap rate, with upside from leasing vacant space.

Industrial occupancy is 98% with a 5.8-year WALE and a 6.1% cap rate.

Funds management assets under management stand at $1.4bn, up 20% in revenue year-on-year, highlights Citi, with 11 funds and $37m co-investment, and similar FUM creation expected in FY26.

Citi lifts its FY26 and FY27 funds from operations (FFO) forecasts slightly on resilient performance and higher funds management fees.

Unchanged Buy rating and $2.60 target.

FORECAST
Citi forecasts a full year FY26 dividend of 18.40 cents and EPS of 23.10 cents.
Citi forecasts a full year FY27 dividend of 19.20 cents and EPS of 23.30 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
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

18/08/2025

1

Buy

$3.09

28.22%

Growthpoint Properties Australia's FY25 result was in line with guidance, Moelis observes, but the highlight was solid leasing momentum in the first six weeks of FY26.

The REIT leased 2.7% of net lettable office area in 2H25 but after balance sheet date leased a further 5.5%.

Moelis explains FY26-27 is largely about addressing the remaining expiry equating to 27% of total income, with the profile from FY28 looking benign.

Gearing rose to 39.7% from 38.8%, and the broker expects it to trend higher if no divestment occurs. EPS forecast for FY26 downgraded by -2.5% and for FY27 by -4.4% on more conservative leasing assumptions for FY26-27.

Buy. Target price $3.09.

FORECAST
Moelis forecasts a full year FY26 dividend of 18.40 cents and EPS of 23.30 cents.
Moelis forecasts a full year FY27 dividend of 18.20 cents and EPS of 23.80 cents.
Access Extra Coverage Research History >

GOZ STOCK CHART

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