Growthpoint Properties Limited · JSE:GRT
Growthpoint Properties — Growthpoint Properties Australia — Investor Presentation (November 2024)
18 slides from Growthpoint Properties's investor presentation, Nov 18, 2024
Slide 1: GRT Showcase – Growthpoint Properties Australia
Direct portfolio:130 Sharps Road, Melbourne Airport, VIC GRT Showcase Growthpoint Properties Australia 18 November 2024 space to thrive.
Slide 2: Growthpoint snapshot
Growthpoint snapshot as at 30 June 2024 Growthpoint Properties Australia | AUM $6.0b | 66 assets Industrial & logistics Office Retail AUM $1.6b | 30 assets AUM $3.0b | 28 assets AUM $1.4b | 8 assets 40 Annandale Road, 70 Distribution Street, 100 Skyring Terrace, 1 Charles Street, 307 Queen Street, R
Slide 3: Strategic highlights in FY24
Strategic highlights in FY24 Direct property Financial and Funds Sustainability portfolio capital management management c.108,000 sqm of leasing Delivered FFO of 23.9 cps, Disciplined approach to On track to achieve Net completed across the direct above guidance, capital market transactions Zero Tar
Slide 4: Direct property portfolio – key metrics
Direct property portfolio – key metrics Total property portfolio Office Industrial 63% 37% Total portfolio value portfolio portfolio $4.4b Modern A-grade portfolio located predominantly across the Eastern Modern logistics and warehouse portfolio with c.70% of assets located on 30 June 2023: $4.8b se
Slide 5: Office leasing
92% occupancy (30 June 2024), Office leasing up from 90% (30 June 2023) Over 70% of leasing completed during FY24 was to Government and Key metrics Leasing highlights listed tenants 6.4 years Office leasing success average new lease term 33% increase in number of leases signed and 46% 3.6% increase
Slide 6: Industrial leasing
FY24 re-leasing Average letting up period Industrial leasing spread of 31%1 for FY24 – c.1.5 weeks Key metrics Leasing highlights 6.0 years average new lease term 3.7% WARR2 60,794 sqm Lots 2, 3 & 4, of leasing completed 130 Sharps Road, 9-21 Kimpton Way, 10 Butler Boulevard, 34-44 Raglan Street, Me
Slide 7: Growthpoint Australian Logistics Partnership (GALP)
6-7 John Morphett Place, 81 Derby Street Erskine Park, NSW Silverwater, NSW Growthpoint Australian Logistics Partnership (GALP) Key investment highlights: • Industrial fund partnership • As part of the transaction, the 6 Kingston Park Court 19 Southern Court, formed, with a global capital partner wi
Slide 8: Growthpoint Canberra Office Trust (GCOT)
2 Constitution Avenue, Canberra, ACT Growthpoint Canberra Office Trust (GCOT) Key investment highlights: High-yielding asset Brown to Green Energy Pathway • 9.0% average distributions1 • Electrification and Net Zero3 by 2028 • 88% income from Government • Targeting 4.0 star to 5.5 star tenants2 NABE
Slide 9: Key real estate drivers
Key real estate drivers Real estate fundamentals strong, with high occupancy, limited supply and ongoing population growth underpinning demand Population Underlying Limited Interest Investment Growth high occupancy new supply rates attractiveness rates Underpins demand Due to cost and Expected to re
Slide 10: Key real estate drivers: population growth
Key real estate drivers Australia has strong population growth forecasts – natural demand driver World’s largest economies population growth (2024 to 2029) Source: Oxford Economics, JLL Research 10 Growthpoint Properties Australia – GRT Showcase
Slide 11: Key real estate drivers: employment growth
Key real estate drivers Population growth flows through to employment – positive for office demand City-level office aggregate employment growth (2024 to 2029) Source: Oxford Economics, JLL Research 11 Growthpoint Properties Australia – GRT Showcase
Slide 12: Strong demand in Growthpoint office markets
Growthpoint markets net absorption Strong demand consistently outperformed other markets over the last four years by c.800,000sqm in Growthpoint office markets Net absorption – Growthpoint markets vs other markets FY21-FY24 1 (sqm) Melbourne Fringe • Demand in Growthpoint markets has Brisbane Fringe
Slide 13: Office supply in Growthpoint markets
Office supply Forecast office supply in Growthpoint markets is trending lower in Growthpoint markets Supply in Growthpoint markets 1 (completions, sqm) West Perth 350,000 Brisbane Fringe • High construction, labour and finance Melbourne S.E.S 300,000 Melbourne Fringe costs are deterring new supply,
Slide 14: Industrial markets remain strong
Industrial markets Industrial prime net face rent growth (12 months to 30 June 2024) remain strong NSW 16.0% VIC 18.2% • Demand is being supported by growth in QLD 17.4% the logistics and warehousing sectors, with SA 12.7% leasing activity in the Melbourne and Sydney markets remaining strong WA 1.1%
Slide 15: FY25 guidance
Direct portfolio: 5 Murray Rose Avenue, Sydney Olympic Park, NSW FY25 guidance FY25 FFO FY25 guidance distribution 22.3 – 23.1 cps guidance A key assumption to guidance is 18.2 cps in respect of interest rates, with the Group assuming an average FY25 floating rate of 4.35% 15 Growthpoint Properties
Slide 16: Questions. Thank you for joining us.
Thank you for joining us. Questions. 75 Dorcas Street, South Melbourne, VIC
Slide 17: Important information
Important information This presentation has been prepared by Growthpoint Properties Australia Limited (ACN assurance that actual outcomes for Growthpoint will not differ materially from 124 093 901) in its personal capacity and as responsible entity of Growthpoint statements made in this presentatio
Slide 18: Growthpoint Properties Australia
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