Growthpoint Properties Limited is a diversified property investment holding company listed on the Johannesburg Stock Exchange (JSE) that operates in the financial services and real estate investment sector in five property segments, including Retail, Office, Industrial, V&A Waterfront and Growthpoint Properties Australia (GOZ).
Latest Growthpoint Properties Limited Share Price
The graph above shows the latest Growthpoint Properties Limited share price on the Johannesburg Stock Exchange. Investors have seen Growthpoint Properties Limited shares perform not very well historically, and it doesn’t remain a steady investment. Growthpoint Properties Limited stock is live on the JSE under the stock symbol of GRT and is available to trade via various brokers in South Africa.
What is Growthpoint Properties Limited
Growthpoint Properties Limited is known as the largest South African primary JSE-listed REIT with a quality portfolio of 450 directly owned properties valued at R78.4bn in South Africa. These properties include four hospitals and one set of medical chambers valued at R2.6 Billion and owned by Growthpoint Healthcare Property Holdings (RF) Limited (GHPH).
The history of Growthpoint Properties Limited can be traced back to 1987 when it was founded, and the company generates most of its revenue from rental income from its properties in South Africa and Australia.
Today, Growthpoint Properties Limited has a diversified portfolio of products and services in more sectors of the Real Estate value chain and renders the following services: Growthpoint Properties Limited’s total property portfolio is valued at R139.4 billion. Apart from the 450 directly owned properties, there are 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 Fund’s five properties valued at R2.6 billion.
Growthpoint Properties Limited’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol GRT.
Growthpoint Properties Limited has its headquarters at The Place, 1 Sandton Drive, Sandton 2196, South Africa.
Growthpoint Properties Limited currently serves clients in South Africa and Australia.
The current CEO of Growthpoint Properties Limited is Norbert Sasse.
Growthpoint Properties Limited forms part of the Real Estate Investment Trust Industry and the Real Estate Sector of the Johannesburg Stock Exchange (JSE).
Growthpoint Properties Limited Stock Performance
The current price for Growthpoint Properties Limited stocks on the Johannesburg Stock Exchange (JSE) is 13.15 ZAR.
An analysis of financial data of Growthpoint Properties Limited showed that the company has a total market capitalisation of 45.2 Billion ZAR, with a Price/Earning ratio of 7.75 and earnings per share of 1.6998 ZAR. The dividend per share of GRT was 1.19 ZAR and its dividend yield was 9.04%. A total of 3.43 Billion shares were outstanding.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Growthpoint Properties Limited stocks can be assured of lucrative dividends and earnings in times to come.
According to an analysis on the live chart of Growthpoint Properties Limited, analysts forecast further improved performance for the Real Estate sector with market share growing as trading volumes increase.
Highlights of Growthpoint Properties Limited in 2021
Growthpoint Properties Limited started the current financial year (2021) with a share price of 12.57 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 4.77 % in value on its price valuation, ranking 294th on the JSE with its year-to-date performance.
Growthpoint Properties Limited is currently the seventh most-traded stock on the JSE and it has experienced a total trading volume of more than 632 million shares, which were finalised in 181,124 deals and were valued at a total of 8.88 billion ZAR over the recent three month period from August to November 2021, with an average of 10 million shares in each trading session.
During the same period a volume high of 39.7 million was achieved on 16 September.
How to buy Growthpoint Properties Limited stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Growthpoint Properties Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “GRT”.
- Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
- Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.