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: 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

$2.45

31 Jul
2025

-0.010

OPEN

$2.42

-0.41%

HIGH

$2.46

287,915

LOW

$2.42

TARGET
$2.467 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 39.6 22.9 xxx
DPS (cps) xxx 19.3 20.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 9.8% 5.2% xxx
PE Ratio xxx N/A 10.6 xxx
Dividend Yield xxx N/A 8.4% xxx
Div Pay Ratio(%) xxx N/A 88.8% xxx

Dividend yield today if purchased 3 years ago: 5.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.94

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 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

0.5

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

14/07/2025

3

Downgrade to Neutral from Outperform

$2.40

-2.04%

In a preview of the August earnings season, Macquarie sees limited earnings risk for Australian REITs, with FY25 EPS growth for the sector forecast at 4.3%. For FY26, the broker believes headwinds are reducing and expects EPS growth of 5.8%, with an acceleration to 10.6% growth in FY27.

Revised expectation for the cash rate is a key driver as Macquarie strategists now expect -125bps of rate cuts in this cycle vs -75bps forecast in January. Within the sector, the broker expects retail and logistics to be the top performers in terms of earnings, driven by income growth, low maintenance capital expenditures, and reduced lease incentive leakage.

Forecasts for Growthpoint Properties Australia largely unchanged.

Target falls to $2.40 from $2.57. Rating downgraded to Neutral from Outperform on valuation grounds.

FORECAST
Macquarie forecasts a full year FY25 dividend of 20.30 cents and EPS of 23.00 cents.
Macquarie forecasts a full year FY26 dividend of 18.50 cents and EPS of 23.10 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

25/02/2025

1

Buy

$3.07

25.31%

Growthpoint Properties Australia's 1H25 financial result was better than expected, with FFO of $88.8m, exceeding the broker’s estimate of $80.0m due to higher transaction fees and amortisation adjustments.

Net Tangible Assets declined -7% to $3.21, reflecting a -4.7% drop in office asset valuations, though industrial assets saw a 1.5% valuation uplift.

Management reaffirmed FY25 guidance for FFO of 22.3-23.1cps and DPU of 20.3cps, with leasing spreads improving across industrial properties.

Moelis remains positive on Growthpoint’s valuation, citing its -25% discount to NTA and 7.6% distribution yield. Moelis analysts have maintained a Buy rating on Growthpoint Properties Australia, lowering the price target to $3.07 from $3.32.

FORECAST
Moelis forecasts a full year FY25 dividend of 20.30 cents and EPS of 22.60 cents.
Moelis forecasts a full year FY26 dividend of 18.50 cents and EPS of 23.50 cents.
Access Extra Coverage Research History >

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