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Growthpoint Properties Australia
(Sydney:GOZ)
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Rating:56Neutral
Price Target:
AU$2.00
▼(-4.76% Downside)
Action:Reiterated
Date:08/19/26
The score is anchored by steady multi-year positive free cash flow and manageable (though weakening) leverage, which support financial resilience. Offsetting this are weak technical signals with the price below key moving averages and negative momentum indicators, plus a mixed valuation profile where the high dividend yield is counterbalanced by a high P/E and recent revenue decline/earnings volatility.
Positive Factors
Consistent cash generation
Persistent positive operating and free cash flow supports distributions, debt servicing and ongoing property investment. This gives the REIT a more resilient financial base than earnings volatility alone would suggest.
Negative Factors
Sharp revenue contraction
A substantial top-line decline weakens confidence in near-term income growth and may reflect leasing, asset or transaction-related pressure. Unless revenue stabilises, it could constrain cash distributions and reduce capacity to fund portfolio improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Persistent positive operating and free cash flow supports distributions, debt servicing and ongoing property investment. This gives the REIT a more resilient financial base than earnings volatility alone would suggest.
Read all positive factors
Growthpoint Properties Australia (GOZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.56B
Dividend Yield9.06%
Average Volume (3M)388.19K
Price to Earnings (P/E)17.0
Beta (1Y)0.57
Revenue Growth-0.03%
EPS GrowthN/A
CountryAU
Employees70
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)0.12
Shares Outstanding754,608,760
10 Day Avg. Volume409,068
30 Day Avg. Volume388,189
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.72
Price to Sales (P/S)4.94
P/FCF Ratio11.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.60Price Target Upside23.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$267.35M
Growthpoint Properties Australia Business Overview & Revenue Model
Company Description
Growthpoint Properties Australia vision is to create sustainable value in everything we do, by being the forward-thinking, trusted partner of choice. Since 2009, we’ve been investing in high-quality Australian real estate. Growthpoint Properties A...
How the Company Makes Money
GOZ makes money primarily by owning commercial real estate and generating recurring income from tenants, supplemented by other property-related income and (at times) capital transactions.
1) Rental income (core revenue stream)
- Office and indust...
Growthpoint Properties Australia Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
71
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 331.20M | 326.50M | 321.70M | 342.70M | 311.50M |
| Gross Profit | 323.80M | 256.80M | 266.50M | 283.60M | 260.30M |
| EBITDA | 199.00M | -41.50M | -206.90M | 247.90M | 267.30M |
| Net Income | 90.10M | -124.60M | -298.20M | -245.60M | 459.20M |
Balance Sheet | |||||
| Total Assets | 4.39B | 4.33B | 4.76B | 5.21B | 5.50B |
| Cash, Cash Equivalents and Short-Term Investments | 59.20M | 49.90M | 42.20M | 49.40M | 49.20M |
| Total Debt | 1.95B | 1.86B | 2.03B | 2.03B | 1.84B |
| Total Liabilities | 2.08B | 1.99B | 2.15B | 2.16B | 1.98B |
| Stockholders Equity | 2.29B | 2.34B | 2.61B | 3.05B | 3.52B |
Cash Flow | |||||
| Free Cash Flow | 144.40M | 112.10M | 133.90M | 173.30M | 183.10M |
| Operating Cash Flow | 147.30M | 112.10M | 133.90M | 176.00M | 183.40M |
| Investing Cash Flow | -145.60M | 255.70M | 7.20M | -115.40M | -387.20M |
| Financing Cash Flow | 7.60M | -360.10M | -148.30M | -60.40M | 219.50M |
Growthpoint Properties Australia Technical Analysis
Negative
2.10
Price Trends
2.16
Negative
2.14
Negative
2.17
Negative
Market Momentum
-0.03
Positive
38.31
Neutral
30.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GOZ, the sentiment is Negative. The current price of 2.1 is below the 20-day moving average (MA) of 2.11, below the 50-day MA of 2.16, and below the 200-day MA of 2.17, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 38.31 is Neutral, neither overbought nor oversold. The STOCH value of 30.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GOZ.
Growthpoint Properties Australia Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$2.50B | 8.69 | 8.20% | 7.43% | 39.66% | 133.43% | |
76 Outperform | AU$10.37B | 10.21 | 9.44% | 5.93% | 14.63% | 18.93% | |
74 Outperform | AU$8.68B | 8.11 | 9.83% | 5.39% | -7.59% | 178.60% | |
69 Neutral | AU$55.68B | 19.74 | 11.41% | 1.10% | 17.33% | 59.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$6.22B | 12.75 | 4.83% | 6.51% | -28.16% | 250.74% | |
56 Neutral | AU$1.56B | 16.97 | 3.90% | 9.06% | -0.03% | ― |
* Real Estate Sector Average
AU:GOZ
Growthpoint Properties Australia
2.03
-0.30
-12.88%
AU:DXS
Dexus
5.68
-1.15
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AU:GMG
Goodman Group
27.17
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AU:GPT
GPT Group
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-13.23%
AU:SGP
Stockland
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AU:CLW
Charter Hall Long WALE REIT
3.43
-0.78
-18.62%
Growthpoint Properties Australia Corporate Events
Growthpoint director Deborah Page increases stapled security holding
Aug 19, 2026
Growthpoint Properties Australia has disclosed a change in the security holdings of non-executive director Deborah Ruth Page. The filing details an update to her direct and indirect interests in the group’s ordinary stapled securities.Page&#...
Growthpoint affirms ASX-aligned governance for 2026 reporting year
Aug 16, 2026
Growthpoint Properties Australia has confirmed its corporate governance statement for the year ended 30 June 2026, detailing compliance with ASX Corporate Governance Council principles across its listed company and trust structure. The statement, ...
Growthpoint outlines FY26 results and strategy focus
Aug 16, 2026
Growthpoint Properties Australia has released its FY26 annual results, outlining financial performance, direct property portfolio details and funds management activities. The update highlights the roles of senior executives, including the Chief Ex...
Growthpoint posts flat revenue, returns to profit as distributions and NTA edge lower
Aug 16, 2026
Growthpoint Properties Australia reported broadly flat revenue of $331.2 million for the year to 30 June 2026 and a modest rise in funds from operations to $177.6 million, while swinging from a prior year net loss to a net profit of $90.1 million....
Growthpoint Sells Perth Airport Distribution Centre for $268m to Recycle Capital
Aug 11, 2026
Growthpoint Properties Australia has agreed to divest its Woolworths distribution centre at 20 Colquhoun Road, Perth Airport, to Hesperia for $267.7 million, continuing its disciplined capital recycling program. The leasehold asset, part of its 20...
Growthpoint director Ross Lees increases holding as STI rights vest
Jul 1, 2026
Growthpoint Properties Australia has disclosed a change in the securities held by director Ross William Lees, reflecting the vesting of a portion of his short-term incentive performance rights into ordinary stapled securities. The transaction incr...
Growthpoint lists additional stapled securities on ASX
Jul 1, 2026
Growthpoint Properties Australia has applied for quotation on the ASX of 181,456 fully paid stapled securities under its existing GOZ code, with an issue date of 30 June 2026. The additional securities, arising from the exercise or conversion of e...
Growthpoint affirms FY26 payout with final 9.2c distribution
Jun 21, 2026
Growthpoint Properties Australia has declared a final distribution of 9.2 cents per security for the six months to 30 June 2026, taking its full-year FY26 payout to 18.4 cents per security, in line with prior guidance. The distribution will be pai...
Growthpoint Properties Australia Sets Six-Month Distribution for June 2026
Jun 21, 2026
Growthpoint Properties Australia, an ASX-listed real estate investment trust focused on commercial property, has announced a distribution for holders of its fully paid stapled securities trading under the ticker GOZ. The trust generates income pri...
Growthpoint lifts office leasing, tightens balance sheet and reaffirms FY26 guidance
Jun 16, 2026
Growthpoint Properties Australia has lifted occupancy in its directly held portfolio to 96%, underpinned by strong office leasing that includes long-term deals with Myer Group in South Melbourne and John Holland in Brisbane’s Fortitude Valle...
Growthpoint Director Increases Equity Holding After Sign-On Rights Vesting
May 22, 2026
Growthpoint Properties Australia has reported a change in the interests of director Ross William Lees following the vesting of a previously granted sign-on award. On 20 May 2026, 124,482 sign-on performance rights vested at no cost to Lees and wer...
Growthpoint Seeks ASX Quotation for New Stapled Securities
May 22, 2026
Growthpoint Properties Australia has applied to the ASX for quotation of 124,482 fully paid ordinary stapled securities under the ticker GOZ. The new securities, issued on 20 May 2026 following the exercise or conversion of existing options or con...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.