Growthpoint Properties Limited. JSE: GRT

Background of Growthpoint Properties
Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The company boasts a portfolio of 525 properties which provide 6.7 million m² of retail, office and industrial space to leading businesses in South Africa and Australia. They also have a majority stake in 53 Properties which are valued at R22 billion. One of Growthpoint‘s biggest investments is a 50% stake in the properties at Cape Town’s V&A Waterfront, valued at R6.8 billion.
The property assets have a total value of R100,4 billion which include 100% of Growthpoint Properties Australia (GOZ). Growthpoint currently has a market cap in excess of R66 billion, with Growthpoint share price maintaining high growth performance.
Growthpoint Properties has an employment base of about 700 people in three regional offices and across various properties in South Africa. They recently boosted their strength by acquiring Acucap Properties Limited (Acucap) and Sycom Property Fund (Sycom) properties for R18,6 billion.
Growthpoint Properties Shares Growth Driver
The group’s latest financial data shows that the company distributed dividends of R4.2 billion. Growthpoint shares have a history of producing strong returns for investors who buy them, with the company continually pumping new capital investment into the business and receiving good long term profits from current properties. Good profits were achieved from properties put up for sale.
Growthpoint Properties’ continued inclusion in the FTSE/JSE Top 40 Index allows it to maintain its position as market leader in South Africa, giving exposure to international investors and multiple revenue streams. Growthpoint focuses on providing transparent, comprehensive and timely market intelligence, good governance and positive, fruitful relationships with shareholders.
Growthpoint has set its eyes firmly on the UK and western European property market for acquisition opportunities. They have also made good strides in their strategy to buy into real estate investment in several African markets outside of South Africa.
With a couple of ventures in Africa, Growthpoint embarked on some equal joint ventures with global investment management firm Investec Asset Management to form a new management company. This has established and grown a third-party institutional pan-African real estate business.
Growthpoint Properties Group Investor Tip
In spite of huge instability in the global economy and property market, the live online stocks chart shows that Growthpoint share price has maintained impressively high standards over the past five years, proving that the company is able to weather the storm and create profits for those who purchase Growthpoint shares. The outlook for slightly better economic growth in the future should bode well for the company and those looking to buy the shares.
Growthpoint Properties Major Shareholders
Public Investment Corporation, Stanlib Asset Management, Southern Palace Properties.
Sector
Financials
Industry
Real Estate
Sub industry
REIT
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Frequently Asked Questions
What is Growthpoint Properties?
A diversified property investment holding company and currently also the largest investment holding company listed on the JSE.
Can you buy Growthpoint Properties shares online?
The website of SA Shares makes it easy for you to buy JSE listed shares online.
Is Growthpoint Properties a good share to buy?
The company has proven that it can weather the storm and create good profits for buyers of Growthpoint Properties shares.
Who are the major shareholders in Growthpoint Properties?
Public Investment Corporation, Stanlib Asset Management, Southern Palace Properties.
When was Growthpoint Properties founded?
1987