company background image

Growthpoint Properties Australia ASX:GOZ Stock Report

Last Price


Market Cap







23 May, 2022


Company Financials +
GOZ fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health2/6

GOZ Stock Overview

Growthpoint provides spaces for people to thrive.

Growthpoint Properties Australia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Growthpoint Properties Australia
Historical stock prices
Current Share PriceAU$3.82
52 Week HighAU$4.48
52 Week LowAU$3.68
1 Month Change-13.96%
3 Month Change-7.28%
1 Year Change1.60%
3 Year Change-11.16%
5 Year Change14.37%
Change since IPO-59.79%

Recent News & Updates

Shareholder Returns


Return vs Industry: GOZ exceeded the Australian REITs industry which returned 0.3% over the past year.

Return vs Market: GOZ matched the Australian Market which returned 1.5% over the past year.

Price Volatility

Is GOZ's price volatile compared to industry and market?
GOZ volatility
GOZ Average Weekly Movement3.1%
REITs Industry Average Movement3.5%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.3%

Stable Share Price: GOZ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GOZ's weekly volatility (3%) has been stable over the past year.

About the Company

200633Tim Collyer

Growthpoint provides spaces for people to thrive. For more than 10 years, we’ve been investing in high-quality industrial and office properties across Australia. Today, we own and manage 58 properties, valued at approximately $4.2 billion.4 We actively manage our portfolio.

Growthpoint Properties Australia Fundamentals Summary

How do Growthpoint Properties Australia's earnings and revenue compare to its market cap?
GOZ fundamental statistics
Market CapAU$2.95b
Earnings (TTM)AU$721.70m
Revenue (TTM)AU$290.90m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOZ income statement (TTM)
Cost of RevenueAU$45.00m
Gross ProfitAU$245.90m
Other Expenses-AU$475.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 16, 2022

Earnings per share (EPS)0.94
Gross Margin84.53%
Net Profit Margin248.09%
Debt/Equity Ratio44.4%

How did GOZ perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is Growthpoint Properties Australia forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOZ's earnings are forecast to decline over the next 3 years (-9.8% per year).

Earnings vs Market: GOZ's earnings are forecast to decline over the next 3 years (-9.8% per year).

High Growth Earnings: GOZ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GOZ's revenue (0.4% per year) is forecast to grow slower than the Australian market (4.7% per year).

High Growth Revenue: GOZ's revenue (0.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GOZ's Return on Equity is forecast to be low in 3 years time (5.4%).

Past Performance

How has Growthpoint Properties Australia performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GOZ has a large one-off gain of A$541.6M impacting its December 31 2021 financial results.

Growing Profit Margin: GOZ's current net profit margins are higher than last year (92.9%).

Past Earnings Growth Analysis

Earnings Trend: GOZ's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: GOZ's earnings growth over the past year (161.6%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: GOZ earnings growth over the past year (161.6%) underperformed the REITs industry 215.6%.

Return on Equity

High ROE: GOZ's Return on Equity (20.5%) is considered high.

Financial Health

How is Growthpoint Properties Australia's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GOZ's short term assets (A$48.9M) do not cover its short term liabilities (A$169.1M).

Long Term Liabilities: GOZ's short term assets (A$48.9M) do not cover its long term liabilities (A$1.6B).

Debt to Equity History and Analysis

Debt Level: GOZ's net debt to equity ratio (43.2%) is considered high.

Reducing Debt: GOZ's debt to equity ratio has reduced from 79.3% to 44.4% over the past 5 years.

Debt Coverage: GOZ's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: GOZ's interest payments on its debt are well covered by EBIT (5.1x coverage).

Balance Sheet


What is Growthpoint Properties Australia current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GOZ's dividend (5.45%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%).

High Dividend: GOZ's dividend (5.45%) is low compared to the top 25% of dividend payers in the Australian market (6.11%).

Stability and Growth of Payments

Stable Dividend: GOZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: GOZ's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (75.4%), GOZ's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (107.3%), GOZ's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Tim Collyer (53 yo)





Mr. Timothy James Collyer, also known as Tim, B.Bus (Prop), Grad Dip Fin & Inv, AAPI, F Fin, MAICD serves as a Managing Director of Growthpoint Properties Australia since July 12, 2010. Mr. Collyer serves...

CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.41M) is about average for companies of similar size in the Australian market ($USD1.38M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: GOZ's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Experienced Board: GOZ's board of directors are seasoned and experienced ( 12.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: GOZ insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Growthpoint Properties Australia's employee growth, exchange listings and data sources

Key Information

  • Name: Growthpoint Properties Australia
  • Ticker: GOZ
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: AU$2.947b
  • Shares outstanding: 771.56m
  • Website:

Number of Employees


  • Growthpoint Properties Australia
  • 35 Collins Street
  • Level 31
  • Melbourne
  • Victoria
  • 3000
  • Australia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Annual Earnings2021/06/30

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.