Growthpoint is the largest South African primary JSE-listed REIT with a quality portfolio of 440 directly owned properties in South Africa (RSA) valued at R73.4bn, including four hospitals and one medical chambers valued at R2.6bn owned by Growthpoint Healthcare Property Holdings (RF) Limited (GHPH).
Growthpoint Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R13.22|
|52 Week High||R10.40|
|52 Week Low||R16.10|
|1 Month Change||-9.51%|
|3 Month Change||-9.45%|
|1 Year Change||10.35%|
|3 Year Change||-42.37%|
|5 Year Change||-46.78%|
|Change since IPO||-54.02%|
Recent News & Updates
|GRT||ZA REITs||ZA Market|
Return vs Industry: GRT underperformed the ZA REITs industry which returned 35% over the past year.
Return vs Market: GRT underperformed the ZA Market which returned 19% over the past year.
Stable Share Price: GRT is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GRT's weekly volatility (3%) has been stable over the past year.
About the Company
Growthpoint is the largest South African primary JSE-listed REIT with a quality portfolio of 440 directly owned properties in South Africa (RSA) valued at R73.4bn, including four hospitals and one medical chambers valued at R2.6bn owned by Growthpoint Healthcare Property Holdings (RF) Limited (GHPH). Growthpoint has a 61.8% shareholding in GHPH. We have a 62.2% interest in ASX-listed Growthpoint Properties Australia Limited (GOZ), which owns 58 properties in Australia valued at R51.8bn and a 52.1% interest in LSE-listed Capital & Regional Plc (C&R), which owns seven properties in the United Kingdom valued at R14.8bn.
Growthpoint Properties Fundamentals Summary
|GRT fundamental statistics|
Is GRT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GRT income statement (TTM)|
|Cost of Revenue||R3.42b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.15|
|Net Profit Margin||-3.79%|
How did GRT perform over the long term?See historical performance and comparison
9.0%Current Dividend Yield
Is Growthpoint Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GRT (ZAR13.22) is trading below our estimate of fair value (ZAR16.44)
Significantly Below Fair Value: GRT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GRT is unprofitable, so we can't compare its PE Ratio to the ZA REITs industry average.
PE vs Market: GRT is unprofitable, so we can't compare its PE Ratio to the ZA market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GRT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GRT's PB Ratio (0.7x) is in line with the ZA REITs industry average.
How is Growthpoint Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.8%).
Earnings vs Market: GRT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GRT's is expected to become profitable in the next 3 years.
Revenue vs Market: GRT's revenue (4.2% per year) is forecast to grow slower than the ZA market (6.4% per year).
High Growth Revenue: GRT's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GRT's Return on Equity is forecast to be low in 3 years time (11.3%).
How has Growthpoint Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRT is currently unprofitable.
Growing Profit Margin: GRT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GRT is unprofitable, and losses have increased over the past 5 years at a rate of 46.7% per year.
Accelerating Growth: Unable to compare GRT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GRT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (132.9%).
Return on Equity
High ROE: GRT has a negative Return on Equity (0.58%), as it is currently unprofitable.
How is Growthpoint Properties's financial position?
Financial Position Analysis
Short Term Liabilities: GRT's short term assets (ZAR6.2B) do not cover its short term liabilities (ZAR8.1B).
Long Term Liabilities: GRT's short term assets (ZAR6.2B) do not cover its long term liabilities (ZAR65.8B).
Debt to Equity History and Analysis
Debt Level: GRT's debt to equity ratio (79.3%) is considered high.
Reducing Debt: GRT's debt to equity ratio has increased from 53.5% to 79.3% over the past 5 years.
Debt Coverage: GRT's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: GRT's interest payments on its debt are well covered by EBIT (3x coverage).
What is Growthpoint Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRT's dividend (8.96%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).
High Dividend: GRT's dividend (8.96%) is in the top 25% of dividend payers in the ZA market (7.7%)
Stability and Growth of Payments
Stable Dividend: GRT's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.9%), GRT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GRT's dividends in 3 years are forecast to be covered by earnings (75.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Leon Sasse (56 yo)
Mr. Leon Norbert Sasse, BCom (Hons) (Acc), CA (SA) has been the Group the Chief Executive Officer of Growthpoint Properties Ltd. since March 1, 2018. Mr. Sasse has been an Executive Director at Acucap Prop...
CEO Compensation Analysis
Compensation vs Market: Leon's total compensation ($USD1.64M) is about average for companies of similar size in the ZA market ($USD1.29M).
Compensation vs Earnings: Leon's compensation has increased whilst the company is unprofitable.
Experienced Management: GRT's management team is considered experienced (3.7 years average tenure).
Experienced Board: GRT's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GRT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.8%.
Growthpoint Properties Limited's employee growth, exchange listings and data sources
- Name: Growthpoint Properties Limited
- Ticker: GRT
- Exchange: JSE
- Founded: 1987
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: R45.156b
- Shares outstanding: 3.40b
- Website: https://www.growthpoint.co.za
Number of Employees
- Growthpoint Properties Limited
- The Place
- 1 Sandton Drive
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 17:03|
|End of Day Share Price||2021/10/22 00:00|
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.