Property Stocks Down Under 31 August 2022: Growthpoint Properties (ASX:GOZ)
Growthpoint Properties: Can it live up to its name?
Many ASX REITs that Stocks Down Under has covered in recent weeks have been able to outperform the market. This is not the case with Growthpoint Properties (ASX: GOZ), which has traded roughly in line with the ASX 200 REIT Index, losing ~20% in 2022. Growthpoint is heavily exposed to offices, which have fallen out of favor with investors. But have investors taken things too far in selling it off to the point where it trades at a 25% discount to its NTA?
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