Highlights

  • Consensus rating of Buy (highest tier) from 4 analysts: 4 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
  • Mean price target of A$2.60 against a share price of A$1.92 on 8 October 2026, an implied upside of 35.4%.
  • Analyst targets range from A$2.30 to A$2.90.
  • Funds from operations (FFO) were $177.6 million, or 23.5 cents per security, compared with 23.3 cents, near the top of its guidance range.

Growthpoint Properties Australia (ASX:GOZ) carries a consensus analyst rating of Buy (highest tier). Of the 4 analyst recommendations recorded, 4 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$2.60, with targets ranging from A$2.30 to A$2.90, against a current share price of A$1.92 (8 October 2026). Growthpoint Properties Australia is an Australian REIT that owns office and industrial properties and manages fund investments.

Company name

Growthpoint Properties Australia

Ticker

(ASX:GOZ)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$1.92

Price date

8 October 2026

Number of analysts

4

Rating consensus

Buy (highest tier)

Consensus price target (mean)

A$2.60

Highest target

A$2.90

Lowest target

A$2.30

Implied upside/downside to mean target

Implied upside of 35.4%

Latest developments

Growthpoint Properties Australia (ASX:GOZ) announced its financial results for the 12 months ended 30 June 2026 (FY26) on 17 August 2026. Funds From Operations (FFO) were $177.6 million, or 23.5 cents per security, compared with 23.3 cents, near the top of its guidance range. Statutory net profit was $90.1 million, compared with a loss of $124.6 million, largely because of lower net devaluations. Distributions were 18.4 cents per security, a Payout Ratio of 78.2% within the 75% to 85% target range, and net tangible Assets were $3.05 per security, compared with $3.09. Gearing was 41.6%, within the 35% to 45% target range.

Office leasing of 81,022 square metres was a record, and industrial leasing of 117,934 square metres maintained high occupancy. Portfolio occupancy rose to 96% from 94% and the WALE rose to 6.1 years from 5.6 years. The company created $124.9 million of new assets under management through the extension of the Growthpoint Australia Logistics Partnership and the establishment of the Growthpoint Macquarie Park Trust, and delivered $331.0 million of divestments for fund investors. It refinanced $495.0 million of debt, with Liquidity to cover all FY27 Debt maturities.

After balance date, in August 2026, Growthpoint completed a further $267.7 million divestment, with net proceeds initially to be used to repay debt. The company has issued FY27 guidance and is reviewing its distribution reinvestment plan and target payout ratio.

Risks and what to watch

Gearing increased to 41.6% from 39.7%, and NTA per security fell slightly. Statutory profit improved because devaluations were lower, not because of valuation gains. Office and industrial Earnings depend on leasing, interest rates and valuations. The FY27 guidance and any changes to the payout ratio and distribution reinvestment plan have yet to be applied.

Next milestones

Items to watch include FY27 FFO against guidance, repayment of debt from the August 2026 divestment, any change to the target payout ratio or distribution reinvestment plan, leasing of remaining expiries, and the half-year result.