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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
Recurring commercial property income
The leasing model provides a recurring revenue foundation because income is generated from occupied office and industrial/logistics space rather than relying solely on property sales. Contracted commercial rents can support cash-flow visibility and underpin distributions over the medium term.
Negative Factors
Sharp revenue contraction
A sharp one-year revenue decline is a material weakness for a property trust because it can reduce the income available to cover financing and operating costs. Unless reversed, weaker top-line performance could constrain distributions, reinvestment and the ability to absorb property-market changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring commercial property income
The leasing model provides a recurring revenue foundation because income is generated from occupied office and industrial/logistics space rather than relying solely on property sales. Contracted commercial rents can support cash-flow visibility and underpin distributions over the medium term.
Read all positive factors
Growthpoint Properties Australia (GOZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.48B
Dividend Yield9.36%
Average Volume (3M)603.57K
Price to Earnings (P/E)16.5
Beta (1Y)0.53
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. Volume370,141
30 Day Avg. Volume603,567
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)0.17
Revenue Forecast (FY)AU$271.74M
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 | 248.00M | 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
Neutral
2.10
Price Trends
1.98
Negative
2.09
Negative
2.10
Negative
Market Momentum
>-0.01
Negative
51.17
Neutral
61.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GOZ, the sentiment is Neutral. The current price of 2.1 is above the 20-day moving average (MA) of 1.93, above the 50-day MA of 1.98, and above the 200-day MA of 2.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.17 is Neutral, neither overbought nor oversold. The STOCH value of 61.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$10.44B | 10.49 | 9.44% | 5.86% | 14.63% | 18.93% | |
74 Outperform | AU$9.35B | 8.87 | 9.83% | 4.97% | -7.59% | 178.60% | |
73 Outperform | AU$2.46B | 8.72 | 8.20% | 7.50% | 39.66% | 133.43% | |
69 Neutral | AU$55.48B | 19.85 | 11.41% | 1.11% | 17.33% | 59.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$6.13B | 13.05 | 4.83% | 6.45% | -28.16% | 250.74% | |
56 Neutral | AU$1.48B | 16.51 | 3.90% | 9.36% | -0.03% | ― |
* Real Estate Sector Average
AU:GOZ
Growthpoint Properties Australia
1.97
-0.40
-16.98%
AU:DXS
Dexus
5.74
-1.12
-16.38%
AU:GMG
Goodman Group
27.00
-5.72
-17.47%
AU:GPT
GPT Group
4.88
-0.24
-4.67%
AU:SGP
Stockland
4.30
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-28.08%
AU:CLW
Charter Hall Long WALE REIT
3.40
-0.56
-14.14%
Growthpoint Properties Australia Corporate Events
Growthpoint Properties Australia Reports Lapse of 150,085 Performance Rights
Oct 6, 2026
Growthpoint Properties Australia has reported the lapse of 150,085 long-term incentive performance rights, identified as GOZAA securities, after conditions attached to these rights were not met or became incapable of being satisfied as of 30 Septe...
Growthpoint Director Ross Lees Increases Stapled Security Holdings
Sep 30, 2026
Growthpoint Properties Australia has disclosed a change in director Ross Lees’s interests in stapled securities, reflecting additional on-market purchases through family-related entities. The transactions increase Lees’s total holding ...
Growthpoint Issues New Unquoted Performance Rights Under Incentive Plan
Sep 11, 2026
Growthpoint Properties Australia has issued 159,602 unquoted performance rights under an employee incentive scheme, effective 11 September 2026. These securities are subject to transfer restrictions and will not be quoted on the ASX until those re...
Growthpoint Issues New Unquoted Performance Rights Under Incentive Scheme
Sep 9, 2026
Growthpoint Properties Australia has issued 83,949 unquoted performance rights under its short-term incentive plan for employees. The securities, designated as GOZAC performance rights, are subject to transfer restrictions and will not be quoted o...
Growthpoint director increases indirect holding in stapled securities
Sep 3, 2026
Growthpoint Properties Australia has disclosed a change in director Panayiotis Theocharides’s indirect holding in the company’s stapled securities. The securities are held through a third-party custodian on his behalf, reflecting an ad...
Growthpoint Properties Australia Announces Company Secretary Resignation
Aug 28, 2026
Growthpoint Properties Australia has announced the resignation of Company Secretary Minas Frangoulis, effective at the end of 28 August 2026. The board acknowledged his contributions during his tenure, marking a governance change at the ASX-listed...
Growthpoint outlines tax treatment of 2H26 distribution for foreign investors
Aug 24, 2026
Growthpoint Properties Australia has announced a distribution of 9.2 cents per stapled security for the half year ended 30 June 2026, to be paid on 28 August 2026 to eligible securityholders. The payment includes an interest component, rental inco...
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...
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.