Our footprint

Our footprint

  • RSA performance

    Client retention was the major objective and we also focused on minimising vacancy levels and keeping arrears tightly managed.

  • Group investment performance

    We issued our inaugural US Dollar-denominated Eurobond with a five-year maturity.
  • How we performed
  • Chairman and CEO Q & A
  • Driving our strategy

How we performed in 2018

Financial highlights


6.5%

distribution growth from FY17
to 208.6 cents per share

    

10.1%

increase in distributable
income FY17 to R6.1bn

    

2 556 cents

Group NAV per share

  

3.7x

Group interest cover increased from 3.5x in FY17

  
 
   

R6.1bn

    

Group LTV at

35.2%

from 35.0% at FY17

  

27.7%

from 35.0% at FY17


20.5%

of Group EBIT from offshore

  
 

9th year

inclusion in FTSE/JSE
Responsible Index

    

R5.9bn

average value of shares traded
per month

    

R133bn

Group property assets

  

Market capitalisation

R79.3bn

  
View How we performed in 2018
Investment proposition:
Sustainable quality of earnings
15-year track record of uninterrupted dividend growth
Underpinned by high-quality physical property assets
Diversified across international geographies and sectors
Dynamic and proven management track record
Best practice corporate governance
Transparent reporting
Level 3 B-BBEE contributor

Non-financial highlights

4 046
beneficiaries impacted

Growthpoint GEMS

GEMS provides financial support to the children of our lower income earning staff to open the doors to quality education. This year the programme moved beyond academic and leadership support to also address common socioeconomic issues. As part of its new psychosocial support element, it considers emotional intelligence and wellbeing, and gives learners access to Growthpoint's EAP.

  
View Corporate social responsibility report

 

Interview with the Chairman and Chief Executive Officer

Growthpoint's inaugural Eurobond and Green Bond issues were strategic milestones that diversified our sources of funding internationally and extended the length of our debt book.

View full interview
Combined property assets
R132.9bn
Market capitalisation
R79.3bn
Q What were Growthpoint's most important strategic achievements during the year?

We have set a new strategic course with internationalisation as our main aim, and this year Growthpoint continued to emerge as a leading international property company, while adding new, low-risk income streams that support our business.

Driving our strategy

View detailed strategy