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Growthpoint Properties Australia Ltd ASX:GOZ

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

31 Jul 2024 to today

Commentary 2 comments

DateManagerActionSummary

28 Feb 2025Sterling Managed InvestmentsExitSterling Managed Investments exited its position in Growthpoint Properties Australia Ltd as part of a re-evaluation of its REIT sector positioning, preferring higher-quality office exposures with stronger long-term fundamentals in areas benefiting from return-to-office mandates. Sterling Managed Investments notes that while lower interest rates may support geared real estate generally, ongoing shifts in office demand made Growthpoint's assets less compelling relative to alternatives in the sector.

Monthly Report, price recorded $2.39

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31 Jul 2024Endeavor Asset ManagementInitiatedThe fund manager initiated a position in Growthpoint Properties Australia (GOZ), an ASX 300 REIT trading at an 8.5% dividend yield and approximately 36% below forecast tangible book value. The manager views the current entry as a cyclical low in commercial real estate, noting the share price has declined 50% from its 2022 high with current softening conditions already reflected in the price. The manager describes GOZ as offering diversified industrial and office property exposure with long-duration leases averaging over five years, predominantly to high-quality tenants including government and listed companies representing approximately 75â€“80% of portfolio income.

Dividend YieldMonthly Report, price recorded $2.33

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on GOZ.

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About Growthpoint Properties Australia Ltd

Real Estate, Equity Real Estate Investment Trusts (REITs)

Growthpoint Properties Australia (ASX:GOZ) is a diversified REIT that fund managers have viewed through the lens of the commercial property cycle. In February 2025, Sterling Managed Investments sold its Growthpoint position as part of reassessing its REIT exposure, preferring higher-quality office and other property owners even as lower interest rates support geared real estate. Endeavor Asset Management had earlier bought Growthpoint in July 2024, seeing an opportunity at what it believed was a cyclical low in commercial real estate, with the REIT offering a dividend yield of around 8.5%. Growthpoint operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 2 comments from 2 fund managers. Founded in 2007 and headquartered in Melbourne, Growthpoint owns and manages a portfolio of Australian office and industrial properties leased to government and corporate tenants.

Market cap: $1.5b
Price to earnings: 17.8x
Return on equity: 3.9%
Dividend yield: 8.5%
Price to book: 0.70x
Net margin: 27.2%
52-week range: $1.84 to $2.68

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Growthpoint Properties Australia Ltd (ASX:GOZ)?

Fund managers including Endeavor Asset Management and Sterling Managed Investments have invested in Growthpoint Properties Australia Ltd (ASX:GOZ).

What opportunities or catalysts do fund managers highlight for Growthpoint Properties Australia Ltd?

Endeavor Asset Management highlights Growthpoint's high dividend yield and the potential for a recovery in commercial property values after what it saw as a cyclical low, with lower interest rates also supportive.

What are the key risks to the Growthpoint Properties Australia Ltd investment thesis, according to fund managers?

Sterling Managed Investments sold its position, preferring higher-quality office and property exposures, reflecting concerns about asset quality and Growthpoint's office exposure.

What does Growthpoint Properties Australia Ltd (ASX:GOZ) do?

Growthpoint Properties Australia is an ASX-listed real estate investment trust (REIT) specializing in Australian industrial, office, and retail property assets. Founded in 2007 and headquartered in Melbourne, the company manages dual segments: industrial and office portfolios. Growthpoint’s primary investment objective is to provide unitholders with sustainable, growing income distributions alongside long-term capital appreciation. By focusing on high-quality real estate, the company offers investors a tradable security backed by a diversified portfolio of Australian commercial properties.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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