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Australian REIT owning office and industrial property, cross-listed with and majority owned by South Africa's Growthpoint Properties.
Australian REIT owning office and industrial property, cross-listed with and majority owned by South Africa's Growthpoint Properties.
In one line: A diversified office/industrial REIT with a South African parent.
Moat: narrow (installed base). Diversified quality property portfolio supports stable income but faces the same competitive dynamics as peer REITs.
Headquarters: Melbourne, Australia · Founded: 2009
Size Growthpoint Properties Australia (GOZ.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $1.09B, the 164th largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.09 on 6 Nov 2026.
Performance Over six months the shares fell 1.9%, against -14.4% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue was unchanged over the last twelve months (peer median +2.6%); the operating margin is 69.6% (peer median 43.8%).
Valuation It trades at 0.69× book value against a peer median of 0.83× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 8.7%; Growthpoint Properties Australia delivers 3.9%, so the price asks more than the business earns today.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$331M | A$331M | A$331M | A$332M | A$343M |
| Revenue growth | — | 0% | 0% | -3% | — |
| Gross profit | A$256M | A$256M | A$255M | A$270M | A$284M |
| EBITDA | A$238M | A$238M | A$204M | A$241M | A$250M |
| Net income | A$90.1M | A$90.1M | -A$125M | -A$298M | -A$246M |
| Free cash flow | A$144M | A$144M | A$112M | A$134M | A$173M |
| Capital expenditure | A$2.90M | A$2.90M | A$0 | A$0 | A$2.70M |
| Total debt | n/a | A$1.95B | A$1.86B | A$2.03B | A$2.03B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Growthpoint Properties Australia GOZ.AX | $1.09B | -2% | 0% | 4% | 0.69× | 8.7% |
| Dexus DXS.AX | $4.44B | 0% | -28% | 5% | 0.65× | 8.0% |
| GPT GPT.AX | $6.88B | +11% | -8% | 10% | 0.92× | 11.0% |
| Centuria Industrial REIT CIP.AX | $1.28B | +1% | +6% | 6% | 0.74× | 9.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GOZ.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.8% | -1.7% | 3rd highest of 21 |
| 6-month return | -1.9% | -14.4% | 4th highest of 21 |
| Return on equity | 3.9% | 6.1% | 7th lowest of 21 |
| Price / book | 0.69× | 0.83× | 6th cheapest of 21 |
| Trailing P/E | 17.5× | 14.3× | 4th most expensive of 16 |
| ROE the price implies | 8.7% | 5.3% | 4th most demanding of 21 |
| ROE delivered | 3.9% | 6.0% | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Growthpoint Properties Australia GOZ.AX | Australia | $1.09B | -2% | 0% | 4% | 0.69× | 8.7% | 3.9% |
| TOKYU REIT 8957.T | Japan | $1.10B | -6% | +10% | 9% | 1.37× | 5.2% | 8.6% |
| Medical Properties Trust MPT | United States | $1.08B | -65% | +11% | 5% | 0.23× | 5.2% | 5.3% |
| National Healthcare Properties NHP | United States | $1.11B | +8% | -1% | -5% | 1.05× | 16.3% | -5.3% |
| Easterly Government Properties DEA | United States | $1.06B | -4% | +11% | 1% | 0.82× | 8.6% | 1.0% |
| Ladder Capital LADR | United States | $1.12B | -13% | +2% | 7% | 0.77× | 8.3% | 6.7% |
| NTT UD REIT Investment 8956.T | Japan | $1.06B | -16% | +14% | 6% | 1.15× | 4.8% | 6.1% |
| Altareit AREIT.PA | France | $1.06B | -9% | -20% | -5% | 1.38× | 7.7% | -5.4% |
| Heiwa Real Estate REIT 8966.T | Japan | $1.06B | -15% | +24% | 8% | 1.15× | 5.5% | 8.4% |
| Waypoint REIT WPR.AX | Australia | $1.05B | -2% | -1% | 7% | 0.80× | 8.8% | 6.8% |
| Storage King SKG.AX | Australia | $1.05B | -17% | 0% | 7% | 0.64× | 7.8% | 6.5% |
| SK REIT 395400.KS | South Korea | $1.04B | -30% | +15% | 6% | 0.73× | 4.8% | 5.7% |
| Japan Excellent 8987.T | Japan | $1.04B | -13% | -18% | 6% | 1.09× | 4.6% | 6.0% |
| CapitaLand India Trust CY6U.SI | Singapore | $1.03B | -15% | -2% | 16% | 0.71× | 5.0% | 15.7% |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 11% | 0.58× | 5.9% | 11.1% |
| Fortune Real Estate Investment Trust 0778.HK | Hong Kong | $1.19B | -11% | -9% | 0% | 0.37× | 4.5% | -0.3% |
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 3% | 0.33× | 2.6% | 2.7% |
| Daiwa Securities Living Investment 8986.T | Japan | $1.22B | -25% | +42% | 7% | 1.02× | 5.4% | 7.1% |
| Mitsui Fudosan Retail Fund Investment 8964.T | Japan | $1.23B | -16% | -6% | 7% | 1.10× | 4.6% | 6.8% |
| Hulic Reit 3295.T | Japan | $1.23B | -17% | +5% | 6% | 0.96× | 4.6% | 5.9% |
| Piedmont Realty Trust PDM | United States | $1.23B | +18% | +3% | -6% | 0.85× | 10.5% | -5.9% |