Growthpoint Properties Australia (GOZ) AI Stock Analysis

• Market Cap: AU$1.63B
• Dividend Yield: 8.12%
• Average Volume (3M): 503.34K
• Price to Earnings (P/E): 7.3
• Beta (1Y): 0.72
• Revenue Growth: -0.33%
• EPS Growth: 58.26%
• Country: AU
• Employees: 62
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.08
• Shares Outstanding: 754,302,800
• 10 Day Avg. Volume: 378,042
• 30 Day Avg. Volume: 503,344
• PEG Ratio: 0.25
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 5.38
• P/FCF Ratio: 15.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$2.67
• Price Target Upside: 25.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.2
• Revenue Forecast (FY): AU$282.02M

• Rating: 53 Neutral
• Price Target: AU$2.00 ▼(-6.10% Downside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 10/31/25

Growthpoint Properties Australia's overall stock score is primarily impacted by its mixed financial performance, with strong revenue and gross profit margins offset by net losses and negative profit margins. Technical analysis shows mild bullish momentum, but valuation concerns arise from a negative P/E ratio. The high dividend yield is a positive factor for income-focused investors.

Positive Factors

Stable, income-producing portfolio

Growthpoint’s core REIT model—ownership, development and management of office and industrial assets with multi-year leases—creates predictable rental cash flows. That structural income base supports distribution stability, long-term tenant relationships and resilience through cycles.

High gross profit margins

A 78.7% gross profit margin indicates strong property-level economics after direct costs. High margins provide structural coverage for fixed overhead and interest, improving the ability to sustain distributions and fund maintenance or selective development over the medium term.

Solid cash generation and FCF conversion

Positive operating cash flow and a 1.0 FCF-to-net-income conversion show the business converts accounting results into real cash. That durable cash generation supports debt servicing, development pipelines and dividend capacity even when reported earnings are volatile.

Negative Factors

Negative net profit margins

Sustained negative net margins indicate recurring accounting losses (from operations, revaluations or other items) that erode retained earnings. Over time this limits reinvestment, weakens balance sheet buffers and can compress distributable income absent a structural earnings recovery.

Negative return on equity

A negative ROE shows the business is destroying shareholder capital rather than generating returns. Persistently negative ROE undermines investor confidence, constrains access to equity funding and signals that asset returns currently fail to cover the cost of capital long term.

Weak revenue growth trend

A large historical revenue decline indicates material deterioration in the top line, from vacancies, tenant churn or disposals. Even with brief rebounds, enduring top-line weakness pressures margins, reduces cash available for development and limits the REIT’s capacity to scale rents and distributions.

Growthpoint Properties Australia Business Overview & Revenue Model

Company Description

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. We invest in our existing properties, ensuring they meet our tenants' needs now and into the future. We are also focused on growing our property portfolio. We are committed to operating in a sustainable way and reducing our impact on the environment. Growthpoint is a real estate investment trust (REIT), listed on the ASX, and is part of the S&P/ASX 200. Moody's has issued us with an investment-grade rating of Baa2 for senior secured debt.

How the Company Makes Money

Growthpoint Properties Australia generates revenue primarily through leasing income from its portfolio of commercial properties. The company enters into long-term lease agreements with tenants, which provide a steady stream of rental income. Additionally, GOZ benefits from property value appreciation and can realize gains through the sale of assets when market conditions are favorable. The company also engages in development activities, which can lead to increased rental income as new properties are leased out. Strategic partnerships with property developers and management firms further enhance its operational efficiency and market reach, contributing to overall revenue growth.

Growthpoint Properties Australia Financial Statement Overview

Summary

Growthpoint Properties Australia shows a mixed financial performance. While revenue and gross profit margins are strong, net losses and negative profit margins indicate profitability issues. The balance sheet is stable with moderate leverage, but negative ROE is concerning. Cash flow generation is efficient, though growth is lacking. Overall, the company faces profitability and cash flow challenges despite a solid asset base.

Income Statement

Growthpoint Properties Australia has experienced fluctuating revenue growth, with a recent increase of 0.8% after a decline. The gross profit margin remains strong at 78.7%, but the net profit margin is negative due to significant net losses. EBIT and EBITDA margins are also negative, indicating operational challenges.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.80, suggesting manageable leverage. However, the return on equity is negative, reflecting recent net losses. The equity ratio is stable, indicating a solid asset base relative to equity.

Cash Flow

Operating cash flow is positive, and the free cash flow to net income ratio is strong at 1.0, indicating efficient cash generation relative to net income. However, free cash flow growth is negative, highlighting potential cash flow challenges.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	332.40M	326.50M	321.70M	342.70M	311.50M	294.20M
Gross Profit	254.10M	256.80M	266.50M	283.60M	260.30M	244.20M
EBITDA	193.00M	-41.50M	-206.90M	247.90M	267.30M	218.80M
Net Income	36.70M	-124.60M	-298.20M	-245.60M	459.20M	553.20M
Balance Sheet
Total Assets	4.47B	4.33B	4.76B	5.21B	5.50B	4.78B
Cash, Cash Equivalents and Short-Term Investments	75.70M	49.90M	42.20M	49.40M	49.20M	33.50M
Total Debt	2.13B	1.86B	2.03B	2.03B	1.84B	1.43B
Total Liabilities	2.12B	1.99B	2.15B	2.16B	1.98B	1.56B
Stockholders Equity	2.33B	2.34B	2.61B	3.05B	3.52B	3.22B
Cash Flow
Free Cash Flow	126.70M	112.10M	133.90M	173.30M	183.10M	151.60M
Operating Cash Flow	128.90M	112.10M	133.90M	176.00M	183.40M	151.70M
Investing Cash Flow	-108.70M	255.70M	7.20M	-115.40M	-387.20M	83.10M
Financing Cash Flow	1.50M	-360.10M	-148.30M	-60.40M	219.50M	-244.00M

Growthpoint Properties Australia Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2.13 is below the 20-day moving average (MA) of 2.23, below the 50-day MA of 2.32, and below the 200-day MA of 2.38, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 36.07 is Neutral, neither overbought nor oversold. The STOCH value of 28.89 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHC	70 Outperform	AU$9.92B	10.60	24.58%	1.97%	15.06%	47.66%
GPT	69 Neutral	$9.16B	10.58	3.56%	4.41%	12.66%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ABG	57 Neutral	AU$911.53M	5.68	1.70%	7.11%	4.69%	―
DXS	56 Neutral	$6.88B	5.34	4.78%	5.32%	4.52%	―
CLW	54 Neutral	AU$2.62B	4.72	3.57%	6.14%	-9.63%	―
GOZ	53 Neutral	AU$1.63B	7.35	1.57%	8.12%	-0.33%	58.26%

Growthpoint Properties Australia Corporate Events

Growthpoint flags 1H26 interim results focus on portfolio and strategy

Growthpoint Properties Australia has released a brief update tied to its 1H26 interim results, outlining a focus on financial performance, direct property portfolio management, funds management activities and its strategic priorities and outlook. The company also highlights the significance of its industrial assets, such as the Erskine Park property in New South Wales, and reinforces its commitment to broader stakeholder engagement through acknowledgements of Traditional Custodians and community connection.

While detailed financial figures are not disclosed in this release, the structured agenda signals continued emphasis on balancing operational performance with long-term portfolio strategy. This suggests Growthpoint is positioning its assets and funds management platform to support sustainable growth in the Australian property market, with potential implications for investors tracking its income stability and capital management approach.

The most recent analyst rating on (AU:GOZ) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.

Growthpoint lifts guidance on record leasing and new funds platform growth

Growthpoint Properties Australia reported first-half 2026 funds from operations of $91.9 million and a statutory net profit of $62.6 million, reversing last year’s loss as property devaluations eased and net tangible assets held steady at $3.10 per security. The company slightly upgraded full-year FFO guidance to 23.0–23.6 cents per security and kept its distribution forecast at 18.4 cents, while gearing rose within target to support growth in assets under management.

Operationally, Growthpoint is on track for record office leasing, lifting office occupancy to 94% and maintaining industrial occupancy at 98%, which has materially de-risked near-term lease expiries and underpinned income visibility through FY29. The group added $124.9 million in new third-party assets under management via its logistics partnership and a new Macquarie Park trust focused on life sciences, medical and technology tenants, while continuing to recycle capital and achieving its net zero target for operational emissions, reinforcing its positioning as a resilient, actively managed landlord in a stabilising commercial property market.

The most recent analyst rating on (AU:GOZ) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.

Growthpoint lifts profit, trims payout as it expands property platform

Growthpoint Properties Australia reported a modest 0.7% rise in revenue to $169.1 million for the six months to 31 December 2025, with funds from operations up 3.5% to $91.9 million and a swing to a $62.6 million net profit from a $98.7 million loss a year earlier. The interim distribution was reduced to $69.4 million, equivalent to 9.2 cents per security, while net tangible assets edged up to $3.10 per stapled security, and the distribution reinvestment plan remains suspended.

The group expanded its footprint by gaining control of several entities, including vehicles associated with Bundamba and Macquarie Park properties, and also took a 15% stake in Bundamba Property Trust, underscoring ongoing portfolio and capital structure optimisation. The results, reviewed by the auditor, suggest steady operational performance and cautious capital management as Growthpoint balances distributions with incremental asset growth and maintains its investment-grade credit profile.

The most recent analyst rating on (AU:GOZ) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.

Growthpoint details 1H26 distribution and tax components for foreign investors

Growthpoint Properties Australia has declared a distribution of 9.2 cents per stapled security for the half year to 31 December 2025, payable on 27 February 2026 to eligible securityholders, and has outlined the specific tax components relevant to foreign investors. The notice clarifies the breakdown between fund payment, other non‑resident withholding, and tax‑deferred amounts, providing critical guidance for foreign securityholders and withholding agents on their tax obligations tied to the REIT’s Australian income profile.

By detailing the split across interest, capital gains and rental income, Growthpoint gives greater transparency into the nature of its earnings and cash flows for offshore investors. This level of disclosure supports tax compliance, may influence after‑tax returns for foreign holders, and underscores the trust’s positioning as a compliant, institutional‑grade vehicle in the Australian listed property market.

The most recent analyst rating on (AU:GOZ) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.

Growthpoint Properties Australia Lapses 414,881 Performance Rights Under LTI Plan

Growthpoint Properties Australia has announced the cessation of 414,881 performance rights under its long-term incentive (LTI) plan after the conditions attached to these rights were not met or became incapable of being satisfied as at 30 January 2026. The lapse of these conditional securities, disclosed via an Appendix 3H filing, signals an adjustment in the company’s equity-based remuneration structure and reduces the pool of potential future dilution for existing securityholders, with no new securities being issued in connection with this change.

The most recent analyst rating on (AU:GOZ) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.

Growthpoint Sets Out 2026 Financial and Governance Calendar

Growthpoint Properties Australia has outlined its key corporate and reporting dates for 2026, including the release of its FY26 half-year results and distribution payment in late February, full-year results in mid-August, the closing date for director nominations in late September, and its annual general meeting scheduled for 11 November. The calendar provides investors and other stakeholders with greater visibility over the timing of key disclosures and governance events, reinforcing the REIT’s emphasis on transparency and engagement with the market, with any future changes to the timetable to be communicated via the ASX and the company’s website.

The most recent analyst rating on (AU:GOZ) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.

Growthpoint Properties Australia Announces New Dividend Distribution

Growthpoint Properties Australia has announced a new dividend distribution for its fully paid ordinary units stapled securities, with a distribution amount of AUD 0.092 per unit. The record date for this dividend is set for December 31, 2025, and payment will be made on February 27, 2026, indicating a stable financial performance and potential positive impact on shareholder value.

The most recent analyst rating on (AU:GOZ) stock is a Buy with a A$2.60 price target. To see the full list of analyst forecasts on Growthpoint Properties Australia stock, see the AU:GOZ Stock Forecast page.