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General information

Sector: Financials

The company is available at Interactive Brokers

Growthpoint Properties (JSE:GRT) is committed to delivering workspaces that positively impact the environment, as well as the physical and mental well-being of the people who occupy them. The company's innovative and sustainable property offerings are designed around providing space for businesses to thrive.

An international property company with assets in South Africa, Eastern Europe, Australia and the UK, Growthpoint is the largest South African primary REIT (Real Estate Investment Trust) listed on the JSE and a 50% stakeholder in the V&A Waterfront in Cape Town. With an increasing number of assets offshore, and the largest collection of Green Star rated buildings in the country, the company owns and manages a diversified portfolio of over 500 property assets, locally and internationally.

In South Africa, the company's retail, office and industrial portfolios feature high-quality properties located in major metropolitan areas and key development nodes. Its Trading & Development team have also delivered several iconic, sustainable and highly sought-after buildings to the market.

Growthpoint is driven by a team of highly-skilled, knowledgeable individuals who take the time to truly understand the needs of their clients and business operations to offer tailor-made property solutions.



  • Bad financial results growth rate -51.5% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (0.5%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 17.8% higher than minimum and 30.5% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (15.0x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)10.94
Share price, USD: 0.5872
Common stocks: 3 430 530 165

Dividend Yield:  0.0%
P/E LTM: 15.0x
Last revenue growth (y/y):  -12.6%
Last growth of Net Income (y/y):  -90.3%
Historical revenue growth:  -0.2%
Historical growth of Net Income:  +92.3%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 2 014
Net Profit ($m): 135
P/E LTM: 15.0x
Price to Book: 0.41x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

TechCentral Headlines

History made as electricity wheeled over Cape Town’s grid

The first electrons of clean energy have been wheeled over Cape Town’s grid by Growthpoint Properties and Etana Energy.

2023-09-15 10:07 +02:00
by Sandra Laurence

JSE:INP JSE:GRT JSE:N91 JSE:INL JSE:NY1 JSE:LEW JSE:ISA

REdimension raises R200m in first close of proptech fund

Investment firm REdimension Capital has announced its inaugural fund, which will focus on investing in early-stage start-ups.

2023-08-01 13:50 +02:00
by Staff Reporter

JSE:INP JSE:GRT JSE:INL JSE:IPF JSE:MPT JSE:L2D

Commercial solar could cut five stages of load shedding

South Africa’s commercial property industry has the potential to ease the country’s power crisis, a new study has found.

2023-06-20 16:17 +02:00
by Agency Staff

JSE:GRT JSE:RES JSE:AVI

Signs Eskom crisis is creating diesel shortages

Growthpoint Properties has said it’s running out of diesel to operate generators at some of its buildings as the country grapples with the escalating crisis at Eskom.

2022-06-30 12:01 +02:00
by Antony Squazzin

JSE:GRT JSE:AVI JSE:MPT JSE:HUG

DionWired parent Massmart slams ‘ridiculous’ rent escalations

Although yet to recover from Edcon’s woes and downsizing, South Africa’s shopping centre landlords are set to face even more intense rental negotiations with other major retailers.

2020-02-24 08:11 +02:00
by Suren Naidoo

JSE:GRT JSE:JSE JSE:MSM JSE:MPT

Reuters Headlines

South Africa`s Growthpoint provides rent relief to nearly 1,500 small firms

South Africa`s Growthpoint Properties said on Monday it had provided rent relief to 1,494 small, medium and micro enterprises (SMMEs) hit by a lockdown to contain the coronavirus pandemic.

2020-05-18

JSE:PPH JSE:WHL JSE:MRP JSE:GRT JSE:AVI JSE:SPG JSE:HUG

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2023-11-15
Growthpoint Properties
[JSE:GRT]
S
25307
ZAR 10.78
+0.1%
14 993
2023-11-02
Growthpoint Properties
[JSE:GRT]
S
50497
ZAR 10.30
+5.5%
28 253
2023-10-20
Growthpoint Properties
[JSE:GRT]
Mr E Binedell
S
146413
ZAR 9.65
+14.8%
74 429
2023-10-20
Growthpoint Properties
[JSE:GRT]
Mr E Binedell
B
177803
ZAR 9.65
+14.8%
90 386
2023-10-09
Growthpoint Properties
[JSE:GRT]
Mr LN Sasse
S
396055
ZAR 10.12
+8.4%
208 315
2023-10-09
Growthpoint Properties
[JSE:GRT]
Mr LN Sasse
B
480975
ZAR 10.12
+8.4%
252 980
2023-10-09
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
S
67528
ZAR 10.10
+8.4%
35 448
2023-10-09
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
B
81946
ZAR 10.10
+8.4%
43 016
2023-10-02
Growthpoint Properties
[JSE:GRT]
Mr E de Klerk
S
319092
ZAR 10.46
+4.8%
173 732
2023-10-02
Growthpoint Properties
[JSE:GRT]
Mr E de Klerk
B
387510
ZAR 10.46
+4.8%
210 983
2023-10-02
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
S
163660
ZAR 10.52
+4.8%
89 617
2023-10-02
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
B
198747
ZAR 10.52
+4.8%
108 830
2023-09-29
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
S
13694
ZAR 10.35
+3.7%
7 493
2023-09-29
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
B
16629
ZAR 10.35
+3.7%
9 099
2023-05-23
Growthpoint Properties
[JSE:GRT]
Ms NO Chauke
S
6600
ZAR 11.80
-6.3%
4 058
2023-05-04
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
S
105972
ZAR 12.65
-11.8%
73 272
2023-04-28
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
S
26503
ZAR 12.80
-14.1%
18 554
2022-10-14
Growthpoint Properties
[JSE:GRT]
S
15540
ZAR 12.75
-14.0%
10 795
2022-10-13
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
S
41897
ZAR 12.51
-13.2%
28 730
2022-10-13
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
B
50855
ZAR 12.51
-13.2%
34 872
2022-10-13
Growthpoint Properties
[JSE:GRT]
Mr F Schindehütte
S
21480
ZAR 12.60
-13.2%
14 833
2022-10-06
Growthpoint Properties
[JSE:GRT]
Mrs NO Chauke
S
21587
ZAR 11.92
-8.5%
14 303
2022-10-06
Growthpoint Properties
[JSE:GRT]
Mr NO Chauke
B
26192
ZAR 11.92
-8.5%
17 354
2022-10-06
Growthpoint Properties
[JSE:GRT]
Mr E Binedell
S
88423
ZAR 11.99
-8.5%
58 958
2022-10-06
Growthpoint Properties
[JSE:GRT]
Mr E Binedell
B
107377
ZAR 11.99
-8.5%
71 596
2022-10-05
Growthpoint Properties
[JSE:GRT]
Mrs NO Chauke
S
6162
ZAR 11.91
-8.0%
4 121
2022-10-05
Growthpoint Properties
[JSE:GRT]
Mrs NO Chauke
B
7482
ZAR 11.91
-8.0%
5 004
2022-10-04
Growthpoint Properties
[JSE:GRT]
Mr LN Sasse
S
233193
ZAR 11.79
-8.1%
155 935
2022-10-04
Growthpoint Properties
[JSE:GRT]
Mr LN Sasse
B
283191
ZAR 11.79
-8.1%
189 368
2022-10-04
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
S
87303
ZAR 11.80
-8.1%
58 429
2022-10-04
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
B
106019
ZAR 11.80
-8.1%
70 955
2022-10-03
Growthpoint Properties
[JSE:GRT]
Mr EK de Klerk
S
180121
ZAR 11.77
-6.4%
118 839
2022-10-03
Growthpoint Properties
[JSE:GRT]
Mr EK de Klerk
B
218742
ZAR 11.77
-6.4%
144 320
2022-09-28
Growthpoint Properties
[JSE:GRT]
Mr EK de Klerk
S
11473
ZAR 11.76
-7.6%
7 555
2022-09-28
Growthpoint Properties
[JSE:GRT]
Mr EK de Klerk
B
13933
ZAR 11.76
-7.6%
9 175
2022-09-20
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
S
26874
ZAR 12.75
-14.6%
19 360
2022-09-20
Growthpoint Properties
[JSE:GRT]
Mr G Völkel
B
32634
ZAR 12.75
-14.6%
23 509
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Releases

2022-07-04
Appointment of Lead Independent Director
2022-06-28
Financial Assistance - Notice in terms of Section 45(5) of the Companies Act no 71 of 2008, as amended
2022-06-15
Change in Transfer Secretary for Growthpoint Properties Limited
2022-06-15
Investor Update for the nine months ended 31 March 2022
2022-04-13
Fitch Rating
2022-04-06
Dealings in Securities by Executive Directors and a Director of a Major Subsidiary
2022-03-16
Group condensed reviewed interim results and cash dividend declaration for the six months ended 31 December 2021
2022-03-01
Appointment of Independent Non-Executive Director to the Board
2022-02-08
Appointment of independent Non-executive director to the Board
2021-12-03
Dealings in securities by an executive director
2021-11-25
Investor update for the three months ended 30 September 2021
2021-11-17
Results of the Annual General Meeting of Growthpoint Properties Limited
2021-10-26
Dealings in securities by Company Secretary
2021-10-19
TRP121: Disclosure of interest in securities
2021-10-15
No Change Statement and Notice of Annual General Meeting
2021-10-14
Capital & Regional - RNS and JSE SENS Announcements and Growthpoint Voluntary SENS Announcement

SENS Announcements

2024-04-30
Interest Payment Notification
2024-04-26
TRP121: Disclosure of Interest in Securities
2024-04-17
Listing Of New Financial Instrument and Tap Issue.
2024-03-25
Interest Payment and Redemption Notification.
2024-03-13
Update to JSE cloudlink contained in SENS announcement: S486850
2024-03-13
CANCELLATION OF S486850 Group Unaudited Interim Results and Cash Dividend Declaration for the six months ended 31 December 2023
2024-03-13
GRTI - Group Unaudited Interim Results and Cash Dividend Declaration for the six months ended 31 December 2023
2024-03-13
Group Unaudited Interim Results and Cash Dividend Declaration for the six months ended 31 December 2023
2024-03-07
TRP121: Disclosure of Interest in Securities
2024-03-01
GRTI - Interest Payment Notification
2024-02-05
New Financial Instrument Listing.
2024-02-01
Interest Payment and Redemption Notification.
2023-12-05
Interest Payment Notification.
2023-11-30
TRP121: Disclosure of Interest in Securities
2023-11-29
Results of the Annual General Meeting of Growthpoint Properties Limited
2023-11-27
GRT61 - New Financial Instrument Listing
2023-11-22
Investor Update for the three months ended 30 September 2023
2023-11-17
Dealings in Securities by Company Secretary
2023-11-14
Early Full Capital Redemption - GRT31
2023-11-10
New Financial Instrument Listing: GRT59G/GRT60G
2023-11-07
Dealings in Securities by Company Secretary
2023-11-03
Interest Payment Notification.
2023-11-01
GRTI - Availability of the Guarantor's Annual Financial Statements for the year ended 30 June 2023
2023-10-31
GRTI - Availability of the Growthpoint Integrated Annual Report for the year ended 30 June 2023
2023-10-27
Distribution of Integrated Annual Report, No Change Statement and Notice of Annual General Meeting
2023-10-25
Dealings in Securities by a Director of a Major Subsidiary
2023-10-12
Dealings in Securities by an Executive Director and Director of a Major Subsidiary
2023-10-11
New Financial Instrument Listing: GRT57/GRT58
2023-10-11
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2023-10-09
Resignation of Executive Director – Mrs NO Chauke
2023-10-05
Dealings in Securities by Executive Directors
2023-10-04
Dealings in securities by an executive director
2023-09-27
Interest Payment Notification.
2023-09-22
Interest Payment Notification - GRT27
2023-09-13
Update to JSE cloudlink contained in SENS announcement
2023-09-13
Short Form Announcement: Group Audited Annual Results and Cash Dividend Declaration for the Year Ended 30 June 2023
2023-09-13
Short Form Announcement: Group Audited Annual Results and Cash Dividend Declaration for the year ended 30 June 2023
2023-09-06
GRTI: Interest Payment Notification.
2023-08-10
Capital & Regional RNS and JSE SENS Announcements and Growthpoint Voluntary SENS Announcement
2023-08-01
Interest Payment Notification.
2023-07-19
Results of General Meeting
2023-07-12
Dealings in Securities by an Executive Director
2023-06-29
Interest Payment Notification.
2023-06-22
Investor update for the nine months ended 31 March 2023
2023-06-21
Posting of Circular and Notice of General Meeting
2023-06-08
GRT55 and GRT56 - New Financial Instruments Listing
2023-05-31
Interest Payment Notification - GRTI
2023-05-16
Voluntary Update - Moody’s Investor Service (“Moody’s”) and FitchRatings annual rating updates.
2023-05-05
Dealings in Securities by a Director of a Major Subsidiary
2023-05-02
Interest Rate Notification.
2023-04-21
TRP121: Disclosure of interest in securities
2023-04-19
TRP 121: Disclosure of Interest in Securities
2023-03-30
GRTI: Interest Payment Notification.
2023-03-29
GRTI - Appointment of Debt Officer
2023-03-15
Group Condensed Unaudited Interim Results and Cash Dividend Declaration for the period ended 31 December 2022 - GRTI
2023-03-15
Group Condensed Unaudited Interim Results and Cash Dividend Declaration for the period ended 31 December 2022
2023-03-03
Interest And Final Redemption Payment Notification.
2023-02-08
GRT53/GRT54: New Financial Instrument Listing.
2023-02-02
Interest Payment Notification
2022-12-14
Interest Payment Notification: GRT36 and GRT45.
2022-12-13
New Financial Instrument Listing - GRT51G & GRT52G
2022-12-08
Availability of the Guarantor's Annual Financial Statements for the year ended 30 June 2022
2022-12-06
Interest Payment Notification: December 2022_January _2023
2022-11-30
Changes to the Board Sub-Committees
2022-11-29
Results of the Annual General Meeting of Growthpoint Properties Limited
2022-11-24
Investor Update for the three months ended 30 September 2022 - GRTI
2022-11-24
Investor Update for the three months ended 30 September 2022
2022-11-14
GRTI: Interest Payment Notification.
2022-11-11
TRP 121: Disclosure of Interest in Securities
2022-11-09
Investor Showcase 9 and 10 November 2022
2022-11-02
Amendment to Director’s Declaration – Mr AH Sangqu
2022-10-28
GRTI - Availability of the Growthpoint Integrated Annual Report for the year ended 30 June 2022
2022-10-28
No Change Statement and Notice of Annual General Meeting
2022-10-18
Dealings in Securities by Company Secretary
2022-10-17
Dealings in Securities by Director of a Major Subsidiary and Company Secretary
2022-10-10
Dealings in securities by an executive director and a director of a major subsidiary
2022-10-07
Dealings in securities by Executive Directors
2022-09-30
Broad-Based Black Economic Empowerment Act : Annual Compliance Report
2022-09-30
Dealings in securities by an Executive Director
2022-09-28
Interest Payment Notification
2022-09-22
Dealings in securities by an Executive Director
2022-09-14
Group Summarised Audited Annual Results and Cash Dividend Declaration for the year ended 30 June 2022 - GRTI
2022-09-14
Group Summarised Audited Annual Results and Cash Dividend Declaration for the year ended 30 June 2022
2022-09-05
GRTI: Interest Payment Notification.
2022-08-10
GRTI - Change to Calculation Agent and Issuer Agent
2022-08-01
Interest Payment Notification - GRTI
2022-07-04
Appointment of Lead Independent Director
2022-06-29
Interest Payment Notification - GRTI
2022-06-28
Financial Assistance - Notice in terms of Section 45(5) of the Companies Act no 71 of 2008, as amended
2022-06-15
Change in Transfer Secretary for Growthpoint Properties Limited
2022-06-15
Investor update for the nine months ended 31 March 2022 - GRTI
2022-06-15
Investor Update for the nine months ended 31 March 2022
2022-06-09
New Financial Instrument Listing - GRT49 & GRT50
2022-06-03
Interest payment notification
2022-06-01
Update of Information Statement - GRTI