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GROWTHPOINT PROP LTD

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GRT trade ideas

Our opinion on the current state of GROWPNT(GRT)Growthpoint (GRT) is South Africa's largest real estate investment trust (REIT) with a primary listing on the JSE. Prior to COVID-19, it consistently grew its dividends 3% above the inflation rate on average over the last 15 years. The company owns 434 properties in South Africa worth R71bn. In addition, it has a 62,2% interest in Growthpoint Properties Australia (GOZ), which is listed on the Australian Stock Exchange (ASX) and owns 57 properties worth R49,8bn, and an 18,2% investment in ASX-listed Industrial REIT. It also has 4 equity-accounted investments worth R16bn, including a 50% holding of the V&A Waterfront in Cape Town, a 29,4% stake in Global Real Estate Investments listed on the London Stock Exchange (LSE), and a 21,6% interest in Global Worth Poland Real Estate (GWRE), listed in Warsaw. Altogether, Growthpoint has 59,2% of its assets in South Africa and 40,8% elsewhere. The company has acquired a 60,8% stake in Capreg, listed in London and on the JSE, which owns 7 properties in the UK worth R14,8bn. We regard Growthpoint as a high-quality blue-chip property group and a solid long-term investment for private investors. The company is battling with an oversupply of office space following COVID-19 and the work-from-home movement. In its results for the year to 30th June 2024, the company reported net property income up 1%, with the V&A Waterfront's distributable income up 12,6%. The company said, "High interest rates across the Group continue to negatively impact distributable income, with total cost of funding increasing by 16.2% to R4 394.0m." The company's net asset value (NAV) fell by 6,1% to 2020c per share. The group's loan-to-value (LTV) was 42,3%, up from the previous year’s figure of 40,1%. In an update on the 3 months to 30th September 2024, the company reported retail vacancies, including office space at the centers, at 5,9% - up from the previous quarter's 5,5%. The company said, "Notwithstanding ongoing macroeconomic constraints, albeit less severe, and an oversupply of office space, particularly in Gauteng in the Sandton node, our office portfolio KPIs are showing continuous improvement, and our innovative leasing strategies are producing positive results. We successfully concluded leases of 48 269m² and renewals of 30 039m², reducing vacancies to 14.2% from 15.1% at FY24." Technically, the Growthpoint share has been trending up for the past year and looks set to continue in that direction, especially as interest rates continue to fall. The share is still trading well below its NAV. On 12th November 2020, the company announced that it had raised R4,3bn through an accelerated book-build in which it sold 358,3m shares for R12 each. Despite the challenges in the office space sector, Growthpoint's diversified portfolio, strong retail presence, and ongoing recovery efforts position it well for future growth.
JSE:GRT
by PDSnetSA
$JSEGRT - Growthpoint Prop: Is A Bottom In At 914cps?See link below for previous analysis. There's a case to be made that the five wave decline from 3150 is complete. If that is the case, 914cps should hold and the bear market bottom is in. I am looking at the advance from 914 to 1218 as wave (i) and the pullback as wave (ii); wave (ii) may not yet be complete but should terminate above 914 for this bullish outlook to remain valid. A break above 1218 will give greater conviction that the stock is starting to advance in wave (iii). The large bearish structure from May 2013 is an expanded flat. In expanded flats, wave (B) of the 3-3-5 pattern terminates beyond the starting level of wave (A), and wave (C) ends more substantially beyond the ending level of wave (A).
JSE:GRTLong
by Loyiso_BlaqueSoros_Mpeta
Our opinion on the current state of GRTGrowthpoint (GRT) is South Africa's largest real estate investment trust (REIT) with a primary listing on the JSE. Prior to COVID-19, it consistently grew its dividends 3% above the inflation rate on average over the last 15 years. The company owns 434 properties in South Africa worth R71bn. In addition, it has a 62.2% interest in Growthpoint Properties Australia (GOZ) listed on the Australian Stock Exchange (ASX), owning 57 properties worth R49.8bn, and an 18.2% investment in ASX-listed Industria REIT. It also holds 4 equity-accounted investments worth R16bn - including a 50% holding of the V&A Waterfront in Cape Town, a 29.4% stake in Global Real Estate Investments listed on the London Stock Exchange (LSE), and a 21.6% interest in Global Worth Poland Real Estate (GWRE) listed in Warsaw. Altogether, Growthpoint has 59.2% of its assets in South Africa and 40.8% elsewhere. The company has acquired a 60.8% stake in Capreg listed in London and on the JSE, owning 7 properties in the UK worth R14.8bn. We regard Growthpoint as a high-quality blue-chip property group and a solid long-term investment for private investors. On 20th July 2021, the company reported damage to its properties following the unrest in Natal. It said that Watercrest Mall (50% owned) and City View were looted and damaged, representing 4.64% of total retail GLA, as well as 5 industrial properties, representing 2.73% of the company’s industrial gross lettable area (GLA). The company is battling with an oversupply of office space following COVID19 and the work-from-home move. In its results for the year to 31st December 2023, the company reported revenue up 4% and finance costs up 16.9%. The loan-to-value (LTV) was 42%, which is too high in our view. Headline earnings per share (HEPS) fell by 34.2%. The company said, "Interest rates, globally and domestically, are expected to be higher for longer, impacting both our domestic operations and offshore investments. The second half of FY24 presents further domestic volatility with the SA national elections on 29 May 2024, coupled with ongoing load shedding and infrastructure deterioration." Technically, the Growthpoint share fell heavily in March 2020 as the pandemic took effect and has been moving sideways and downwards since. The share is still trading well below its NAV. We see it as relatively cheap at current levels but it may fall further. On 12th November 2020, the company announced that it had raised R4.3bn through an accelerated book-build in which it sold 358.3m shares for R12 each.
JSE:GRT
by PDSnetSA
#GRT worth a buyI think once can accumulate Growthpoint between 1020-1030 for an eventual pop to 1070, 1090 and 1110 (200day ma). There is some forced selling due to the MSCI index rebalancing but once this is over the stock should get some legs again. If buying use a stop loss as a close below 1000. the 20dma which was previously resistance has now turned into support and the stock is trading in an upward channel with higher lows and higher highs which makes the structure bullish imo.
JSE:GRTLong
by MarcoOlevano
1
The Bull vs Bear Channel ActionGrowthpoint is showing 2 opposing scenarios, a bullish downward slopping parallel channel depicted by the pink lines and a bearish rising parallel channel depicted by the black lines. Price fell out of the rising parallel channel and is now backtesting it from below where it meets the 30 week moving average, if we convert the chart to a daily timeframe we see that the black line is nearly converging with 200 day moving average. Since price is within timing band for a daily cycle high, we can expect a pullback that would reset the indicators before moving higher to overcome the 200 day moving average. It is worth noting that price has confirmed a weekly cycle low by closing above the pink downward slopping line. Stop-loss: We will be watching where price settles into a daily cycle low, that price becomes a stop-loss in the event that price goes lower than it. This would signal that trend has resumed a bearish view with higher probability we will go lower than R11.29. Tip When drawing channels or support lines, try to project them well into the future. This will give a guide on areas where to expect price to consolidate or change course. Areas of intersecting lines tends to attract price & provide a turning point, these make good profit taking or short entry points.
JSE:GRTLong
by runyamhere
#GRT Growthpoint finding a ST Bottom ahead of Dividend #JSEStock goes ex dividend of 65c on the 18th of October. At current prices that is a dividend yield of approx 6.5%! Given the doji candlestick, reversal after 2 days of elevated volume, i have every reason to feel like a short term bottom is in here which could see the stock rise into the dividend date next week Wednesday. my two targets are the 23.6% and 38.2% fib retracement levels at R10.66 and R11.16. I rate this as a buy at current levels of R10.00-R10.30 with a stop below R9.86. (also forgot to mention the divergence forming on the RSI daily)
JSE:GRT
by MarcoOlevano
Our opinion on the current state of GRTGrowthpoint (GRT) is South Africa's largest real estate investment trust (REIT) with a primary listing on the JSE. Prior to COVID-19, it consistently grew its dividends 3% above the inflation rate on average over the last 15 years. The company owns 434 properties in South Africa worth R71bn. In addition, it has a 62,2% interest in Growthpoint Properties Australia (GOZ) which is listed on the Australian Stock Exchange (ASX) and owns 57 properties worth R49,8bn and an 18,2% investment in ASX-listed Industria REIT. It also has 4 equity-accounted investments worth R16bn - including a 50% holding of the V&A Waterfront in Cape Town, a 29,4% stake in Global Real Estate Investments which is listed on the London Stock Exchange (LSE) and a 21,6% interest in Global Worth Poland Real Estate (GWRE) which is listed in Warsaw. Altogether, Growthpoint has 59,2% of its assets in South Africa and 40,8% elsewhere. The company has acquired a 60,8% stake in Capreg which is listed in London and on the JSE and owns 7 properties in the UK worth R14,8bn. We regard Growthpoint as a high-quality blue-chip property group and a solid long-term investment for private investors. On 20th July 2021 the company reported on damage to its properties following the unrest in Natal. It said that the Watercrest Mall (which it owns 50% of) and City View were looted and damaged (representing 4.64% of total retail GLA) as well as 5 industrial properties, representing 2,73% of the company’s industrial gross lettable area (GLA). The company is battling with an over-supply of office space following COVID19 and the work-from-home move. In its results for the year to 30th June 2023 the company reported distributable income up 1,3% and a 0,3% drop in its net asset value (NAV) to 2151c per share. The company's loan-to-value (LTV) ratio was 40,1% total revenue was up 5,3%. The company said, "...given the impact of high interest rates for the full year, coupled with the high level of uncertainty in the local and global macro-economic environment, we expect DIPS to decline 10% to 15% for FY24". Technically, the Growthpoint share fell heavily in March 2020 as the pandemic took effect and has been moving sideways and downwards since. The share is still trading well below its NAV. We see it as relatively cheap at current levels but it may fall further. On 12th November 2020, the company announced that it had raised R4,3bn through an accelerated book-build in which it sold 358,3m shares for R12 each.
JSE:GRT
by PDSnetSA
Growthpoint looking to point up after W breakoutW Formation has formed on the property company over the last 3 months. Today we are seeing a strong breakout to the upside. Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up. Other indicators show upside to come: 7>21 Bullish Price<200 - Bearish but, price action is showing upside to come. RSI>50 Target R14.44 ABOUT THE COMPANY Growthpoint Properties Limited is a South African-based real estate investment trust (REIT) and one of the largest property investment companies in the country. Name: Growthpoint Properties Limited is commonly known as Growthpoint. Establishment: Growthpoint was founded in 1987 and has grown to become a prominent player in the South African property market. REIT Status: Growthpoint is classified as a real estate investment trust (REIT), which means it enjoys certain tax advantages and must distribute a significant portion of its earnings as dividends to shareholders. International Presence: While primarily focused on the South African property market, Growthpoint has expanded its footprint internationally, with investments in several countries. Diverse Portfolio: Growthpoint's property portfolio is diverse and includes office buildings, industrial properties, shopping centers, and retail properties. Property Assets: The company owns and manages numerous properties, including landmark buildings and shopping malls across South Africa and abroad. SOME OFFICES AND SHOPPING CENTRES INCLUDE: OFFICES: Sandton City Office Tower The Place 85 Grayston Drive Growthpoint Kings Park The Estuaries SHOPPING CENTRES: Canal Walk Shopping Centre East Rand Mall The Atrium on 5th Northgate Shopping Centre The Constantia Village
JSE:GRTLong
by Timonrosso
$JSEGRT - Growthpoint Prop: Bearish Triangle BreakdownThe last update on Growthpoint was on 27.11.2022 and price has respected the triangle rules. Price pushed a little further up from the day of the analysis but remained below 1610. From March 2020, the sideways move is best labelled as a contracting triangle for wave 4 and price is now pushing down to complete wave 5 of (C). The large structure from May 2013 is an expanded flat. In expanded flats, wave (B) of the 3-3-5 pattern terminates beyond the starting level of wave (A), and wave (C) ends more substantially beyond the ending level of wave (A). Short the rallies below 1509.
JSE:GRTShort
by Loyiso_BlaqueSoros_Mpeta
UPDATE Growthpoint hit its target at R11.88 warning - Load ShedH&S formed on Growthpoint. We mentioned this was one of those low probability trades. However, the overall trend won (as most of the time it does) and down it went. The target hit at R11.88 And unfortunately, I see further downside to come. LOADSHEDDING AND PROPERTY COMPANIES! It seems like the 6 hour - 12 hour day Eskom load shedding is having somewhat an effect on property companies. I'm no property expert but I assume there would be problems like: 1. Load shedding can lead to tenant dissatisfaction and increased vacancies. 2. Power outages disrupt property management and maintenance operations. 3. Frequent load shedding creates a negative perception of affected areas. As they say Location, Location Location 4. I imagine the power solutions (generators, alternators etc...) are extremely costly investments for backup with these property companies. And just in general, power outages are having a broader economic impact, affecting businesses and consumer spending.
JSE:GRTShort
by Timonrosso
GRT Idea (Short Term)This trade idea was published on our client platform in the last few minutes. For more research insights, including trade ideas, get in touch today. Note that this view might be in contrast to the higher time frames (weekly/monthly) which suggest a downward/weak trend . Preferred entry at 1172c or slightly lower. At current levels, the share may be in the early stages of developing a short term base while possibly poised for a short term countertrend bullish reversal. This view is driven by the following factors: (1) The presence of oversold conditions in recent days (the 7 and 14-day RSI printing 12 and 23 respectively on Thursday 18-May). (2) The price extension versus the 50/100-EMA (3) Positive candle structure on Friday and today (long tail and bullish engulfing thus far) (4) The 7-day RSI crossing above the 14-day RSI which increases the chances of a bullish reversal. Time Stop: 21 July 2023 I published my updated view of the monthly chart on 08 May. For access to that note, get in touch today.
JSE:GRTLong
by techpers
Growthpoint wants to come down but this 1 thing is stopping itH&S formed on Growthpoint. The price broke below the neckline. But the price still has one major barrier to attack. the 200MA... As soon as price breaks below, the trade will be more likely to work out. Right now the price is retesting the neckline giving a potential conservative entry point for shorters. 21>7 - Bearish Price> 200 - Bullish RSI<50 - Bearish Target R11.88 Low probability trade ABOUT THE COMPANY Growthpoint Properties Limited (Est. 1987m headquartered in Sandton JHB) is the largest South African primary listed Real Estate Investment Trust (REIT). Growthpoint has a diversified portfolio of properties, including office, retail, industrial, and residential properties, with a total value of over R150 billion. Some buildings that Growthpoint owns that you might know are: Sandton City Office Tower - a 32-story office tower located in Sandton, Johannesburg, South Africa. Cape Town International Convention Centre - a world-class convention centre located in Cape Town, South Africa. Alice Lane Towers - a multi-award-winning office complex located in Sandton, Johannesburg, South Africa. Canal Walk Shopping Centre - one of the largest shopping centres in Africa located in Cape Town, South Africa. Victoria & Alfred Waterfront - a mixed-use development in Cape Town, South Africa, consisting of commercial, residential, and retail spaces. Growthpoint has a presence in South Africa, Australia, and the UK, with a combined property portfolio of over 500 properties.
JSE:GRTShort
by Timonrosso