GRT - Growthpoint Properties Limited
Growthpoint is a Real Estate Investment Trust (REIT) company with a total property portfolio of R139.4 billion. The largest South African listed property company which owns a property portfolio of 450 directly owned properties in South Africa valued at R78.3 billion, 57 properties valued at R38.7 billion through its 66.0% investment in Growthpoint Properties Australia (GOZ), a 50% interest in the V&A Waterfront properties, valued at R9.6 billion, a 29.8% interest in Globalworth Real Estate Investment Ltd. (GWIs) 60 properties, valued at R12.8 billion and a 72.9% interest in The Healthcare Fundâs five properties valued at R2.6 billion.
Growthpoint Properties Ltd is a property investment holding company engaged in the ownership of a variety of properties in South Africa and Australia. The company generates most of its revenue from rental income from its...
Growthpoint Properties Limited is listed on the Johannesburg Stock Exchange (JSE). Growthpoint Properties is traded on the JSE under the ticker symbol “GRT”. The International Securities Identification Number (ISIN) of JSE:GRT is ZAE000179420. Growthpoint Properties Limited is currently the 48th most valuable stock on the JSE with a market capitalization of ZAR 35.4 billion, which makes about 0.195% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 10.35 |
| Day’s High Price | 10.66 |
| Traded Volume | 2.78M |
| Number of Deals | 984 |
| Gross Turnover | 29.3M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 1.4961 |
| Price/Earning Ratio | 6.90 |
| Dividend Per Share | 1.30 |
| Dividend Yield | 12.6% |
| Shares Outstanding | 3.43B |
| Market Capitalization | 35.4B |
GRT Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -8.42% | -14.6% | -11.4% |
| 6MO | 1YR | YTD |
|---|---|---|
| -20.6% | -14.1% | -29% |
The current share price of Growthpoint Properties Limited (GRT) is ZAR 10.61. GRT closed its last trading day (Thursday, September 28, 2023) at 10.33 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.5% drop from its previous closing price of 10.38 ZAR. Growthpoint Properties began the year with a share price of 14.54 ZAR but has since lost 29% off that price valuation, ranking it 352nd on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that GRT has lost 15% of the stock’s value from August 30th to date.
Growthpoint Properties is the fourth most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 30 - Sep 28, 2023). GRT has traded a total volume of 751 million shares—in 172,694 deals—valued at ZAR 8.86 billion over the period, with an average of 11.9 million traded shares per session. A volume high of 30.5 million was achieved on September 21st, and a low of 3.86 million on August 29th, for the same period. The table below details the last 10 trading days of activity of Growthpoint Properties on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-09-28 | 23,341,805 | 10.33 | -0.05 | -0.48% |
| 2023-09-27 | 17,335,700 | 10.38 | -0.07 | -0.67% |
| 2023-09-26 | 21,751,881 | 10.45 | -0.40 | -3.69% |
| 2023-09-22 | 12,655,693 | 10.85 | -0.11 | -1.00% |
| 2023-09-21 | 30,521,471 | 10.96 | -0.32 | -2.84% |
| 2023-09-20 | 13,872,567 | 11.28 | +0.48 | +4.44% |
| 2023-09-19 | 16,490,870 | 10.80 | -0.18 | -1.64% |
| 2023-09-18 | 11,836,663 | 10.98 | -0.14 | -1.26% |
| 2023-09-15 | 25,927,526 | 11.12 | -0.07 | -0.63% |
| 2023-09-14 | 16,346,986 | 11.19 |
Profile of Growthpoint Properties Limited
Growthpoint Properties Limited operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.
Factsheet of Growthpoint Properties Limited
- Sector
- Real Estate
- Industry
- Real Estate Investment Trust
- Address
- The Place, 1 Sandton Drive, Sandton 2196, South Africa
- Telephone
- +27-11-944-6000
- Website
- www.growthpoint.co.za
GRT Industrial Market Competitors
Growthpoint Properties Limited, issuers of the GRT stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Real Estate sector and/or Real Estate Investment Trust industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| CVW | Castleview Property Fund Limited | 8.32B | 8.50 | +39.3% |
| FFB | Fortress REIT Ltd B | 6.71B | 6.14 | +28.2% |
| SRE | Sirius Real Estate Ltd | 23.3B | 19.77 | +26.7% |
| FFA | Fortress REIT Ltd A | 15.2B | 12.76 | +21.4% |
| L2D | Liberty Two Degrees LTD | 5.08B | 5.59 | +18.9% |
| NRL | Newpark REIT Ltd | 450M | 4.50 | +18.7% |
| SHC | Shaftesbury Capital | 50.8B | 26.00 | +18.2% |
| HET | Heriot REIT Limited | 3.46B | 13.50 | +17.4% |
| ATT | Attacq Limited | 6.37B | 8.47 | +12.9% |
| HMN | Hammerson plc | 27.7B | 5.54 | +11.9% |