A director at Growthpoint Properties Australia Trust bought 12,300 shares at 2.410AUD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over th...
The general evaluation of GROWTHPOINT PROPS.AUS. (AU), a company active in the Real Estate Investment Trusts industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date February 18, 2022, the closing pr...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Growthpoint Properties Australia Ltd. Global Credit Research- 12 Nov 2019. Sydney, November 12, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Growthpoint Properties Australia Ltd and other ratings that are associated with the same analytical unit.
No-moat-rated Growthpoint Properties Australia, or Growthpoint, has joined the growing list of AREITs raising equity to take advantage of strong security prices. The raising comprises a fully underwritten AUD 150 million institutional placement and a non-underwritten security purchase plan, or SPP, to raise up to an additional AUD 15 million. The SPP closes July 24 and the issue price is AUD 3.97 per security, a 4% discount to the adjusted last close. South African parent Growthpoint Properties ...
No-moat-rated Growthpoint Properties Australia, or Growthpoint, has joined the growing list of AREITs raising equity to take advantage of strong security prices. The raising comprises a fully underwritten AUD 150 million institutional placement and a non-underwritten security purchase plan, or SPP, to raise up to an additional AUD 15 million. The SPP closes July 24 and the issue price is AUD 3.97 per security, a 4% discount to the adjusted last close. South African parent Growthpoint Properties ...
No-moat-rated Growthpoint Properties Australia, or Growthpoint, has joined the growing list of AREITs raising equity to take advantage of strong security prices. The raising comprises a fully underwritten AUD 150 million institutional placement and a non-underwritten security purchase plan, or SPP, to raise up to an additional AUD 15 million. The SPP closes July 24 and the issue price is AUD 3.97 per security, a 4% discount to the adjusted last close. South African parent Growthpoint Properties ...
We reiterate our AUD 3.30 fair value estimate for no-moat-rated Growthpoint Properties following a transfer of coverage to a new analyst. At current levels, shares screen as overvalued. While the firm offers a reasonable yield, the trust is higher risk than many Australian REIT peers because of its high financial leverage and lower-quality portfolio. Growthpoint’s property portfolio is split roughly two thirds office and one third industrial. The portfolio is relatively new, but the office as...
Growthpoint Properties is an Australian REIT investing in industrial and office property. Compared with other Australian REITs, the stock is high-yielding, but this largely reflects elevated gearing, weighting to higher-yielding suburban assets, and cyclically low borrowing costs. Portfolio metrics remain very good, with high occupancy and a relatively long weighted average lease expiry. Distributions are above operating earnings, with the shortfall funded by ongoing operation of the dividend re...
We reiterate our AUD 3.30 fair value estimate for no-moat-rated Growthpoint Properties following a transfer of coverage to a new analyst. At current levels, shares screen as overvalued. While the firm offers a reasonable yield, the trust is higher risk than many Australian REIT peers because of its high financial leverage and lower-quality portfolio. Growthpoint’s property portfolio is split roughly two thirds office and one third industrial. The portfolio is relatively new, but the office ass...
Growthpoint reported first-half fiscal 2019 earnings on a funds from operations, or FFO, basis of AUD 12.5 cents per security, or cps, unchanged on the previous corresponding period. Guidance was retained for fiscal 2019 FFO of at least AUD 24.8 cps and distributions of AUD 23 cps. Factoring outgoings for tenant incentives and maintenance capital expenditure (that hit the cashflow statement but not the income statement) gives us adjusted funds from operations, or AFFO, a proxy for the underlying...
Growthpoint reported first-half fiscal 2019 earnings on a funds from operations, or FFO, basis of AUD 12.5 cents per security, or cps, unchanged on the previous corresponding period. Guidance was retained for fiscal 2019 FFO of at least AUD 24.8 cps and distributions of AUD 23 cps. Factoring outgoings for tenant incentives and maintenance capital expenditure (that hit the cashflow statement but not the income statement) gives us adjusted funds from operations, or AFFO, a proxy for the underlying...
Growthpoint reported first-half fiscal 2019 earnings on a funds from operations, or FFO, basis of AUD 12.5 cents per security, or cps, unchanged on the previous corresponding period. Guidance was retained for fiscal 2019 FFO of at least AUD 24.8 cps and distributions of AUD 23 cps. Factoring outgoings for tenant incentives and maintenance capital expenditure (that hit the cashflow statement but not the income statement) gives us adjusted funds from operations, or AFFO, a proxy for the underlying...
Growthpoint reported first-half fiscal 2019 earnings on a funds from operations, or FFO, basis of AUD 12.5 cents per security, or cps, unchanged on the previous corresponding period. Guidance was retained for fiscal 2019 FFO of at least AUD 24.8 cps and distributions of AUD 23 cps. Factoring outgoings for tenant incentives and maintenance capital expenditure (that hit the cashflow statement but not the income statement) gives us adjusted funds from operations, or AFFO, a proxy for the underlying...
Growthpoint Properties has continued its highly acquisitive strategy, securing the fully let A-grade office tower at 100 Skyring Terrace in the Brisbane CBD fringe location of Newstead for AUD 250 million. The purchase price plus a further AUD 16 million of taxes and costs is planned to be funded by AUD 132 million of existing debt facilities and an equity raising of approximately AUD 135 million via a non-underwritten 1 for 17.65 accelerated non-renounceable rights offer at AUD 3.46 per new Gro...
Growthpoint Properties has continued its highly acquisitive strategy, securing the fully let A-grade office tower at 100 Skyring Terrace in the Brisbane CBD fringe location of Newstead for AUD 250 million. The purchase price plus a further AUD 16 million of taxes and costs is planned to be funded by AUD 132 million of existing debt facilities and an equity raising of approximately AUD 135 million via a non-underwritten 1 for 17.65 accelerated non-renounceable rights offer at AUD 3.46 per new Gro...
Growthpoint Properties has continued its highly acquisitive strategy, securing the fully let A-grade office tower at 100 Skyring Terrace in the Brisbane CBD fringe location of Newstead for AUD 250 million. The purchase price plus a further AUD 16 million of taxes and costs is planned to be funded by AUD 132 million of existing debt facilities and an equity raising of approximately AUD 135 million via a non-underwritten 1 for 17.65 accelerated non-renounceable rights offer at AUD 3.46 per new Gro...
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