Growthpoint Properties Australia rise on Q1 update; Citi sees value in stock

Growthpoint Properties Australia

06/11/2025 02:47

** Growthpoint Properties Australia GOZ.AX rise as much as 1.2% to A$2.610, highest since October 30

** Real estate investment trust maintains industrial leasing occupancy at 98%, raises office occupancy to 93% in September-quarter vs quarter-ago 92%

** Citi notes incrementally growing funds and co's growing key partnerships

** Emphasises value in co on forward PE, discount to reported net tangible assets (reported at June 30), dividend yield basis

** Stock rated "buy" on avg; median PT is A$2.65, per data compiled by LSEG

** YTD, GOZ gains 9.5%

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))