Growthpoint traded at 2.28 this Wednesday February 11th, increasing 0.01 or 0.44 percent since the previous trading session. Looking back, over the last four weeks, Growthpoint gained 6.94 percent. Over the last 12 months, its price fell by 5.00 percent. Looking ahead, we forecast Growthpoint to be priced at 2.17 by the end of this quarter and at 2.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Growthpoint Properties Australia Limited is an Australia-based real estate investment trust. The Company invests in industrial and office properties across Australia. It owns and manages approximately 57 properties. The Company operates through two segments: industrial property investments and office property investments. It owns and manages 26 office properties, which represent 69% of Growthpoint’s total property portfolio by value. Growthpoint’s office properties are located on the fringe of central business districts (CBD) or in key metropolitan markets. Approximately, 89% of Growthpoint’s office properties are located in Sydney, Melbourne and Brisbane. It owns and manages 31 industrial properties, which represent 31% of Growthpoint’s total property portfolio by value. Growthpoint’s industrial properties are located, near key logistics hubs or population centers.