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

$2.40

07 Feb
2025

0.010

OPEN

$2.42

0.42%

HIGH

$2.42

207,550

LOW

$2.39

TARGET
$2.603 8.5% 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 22.4 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 10.7 xxx
Dividend Yield xxx N/A 8.5% xxx
Div Pay Ratio(%) xxx N/A 90.6% xxx

Dividend yield today if purchased 3 years ago: 4.77%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.04

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

1.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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

24/01/2025

1

Buy

$2.60

8.33%

Ord Minnett has reviewed the property sector earnings forecasts, taking into account expectations commercial property is at the bottom of the cycle, while residential remains challenged.

The broker expects an uptick in retail rental growth on sales estimates of 2%-3% in 2025 with an increase in average daily office attendance to almost four days a week, and believes national office vacancy rates have topped out near 18%.

Regarding logistics, the broker points to a slowdown in demand and landlords' incentives offering discounts of between -15% to -20%. Vacancy rates are forecast to peak at 3%-4%, with book value write-downs of -5% for logistics.

Residential will continue to be challenged by high rates, the analyst notes, and affordability remains an issue.

Ord Minnett's top picks in the sector are Dexus, Scentre Group, Vicinity Centres, and Goodman Group, with a preference for Charter Hall Social, Growthpoint, and Arena in the smaller REIT cap space.

Growthpoint Properties Australia is Buy rated with a lower target price of $2.60 from $3.

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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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

31/10/2024

1

Buy

$3.32

38.33%

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
Weekly Ratings, Targets, Forecast Changes – 31-01-25

Feb 03 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 31, 2024

Oct 31 2024 - Daily Market Reports
3
Next Week At A Glance – 7-11 Oct 2024

Oct 04 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 03, 2024

Oct 03 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Aug 27, 2024

Aug 27 2024 - Daily Market Reports

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