Growthpoint Interactive Annual Report 2018

Glossary $ or dollar  refers to Australian currency unless otherwise indicated AFSL  Australian Financial Services Licence A-REIT  Australian Real Estate Investment Trust ASX  Australian Securities Exchange AUD  Australian Dollars bn  billion Basis points  one hundredth of one percentage point (used chiefly in expressing differences of interest rates) Board  the board of directors of the Company Cap rate or capitalisation rate  refers to the market income produced by an asset divided by its value or cost CAGR  compound annual growth rate CBD  central business district CBRE  an international professional services and investment management firm formerly known as CB Richard Ellis Company or responsible entity  Growthpoint Properties Australia Limited cps  cents per security discount rate  the interest rate used in a discounted cash flow (DCF) analysis to determine the net present value of an asset’s future cash flows distributions  the amount Securityholders receive by way of income in their hand (before any tax or brokerage costs). It is similar to a dividend by a company but it is payable by the Trust dps  distribution per security Funds From Operations (FFO)  refer to explanation at top of page 18 Fund-through  a mechanism under which an entity (in this report typically Growthpoint) funds development as completion of works occur FY14, FY15, FY16, FY17 and FY18  the 12 months ended on 30 June in the year listed i.e. “FY18” means the 12 months ended 30 June 2018 FY19, FY20, FY21, FY22 and FY23  the 12 months ending on 30 June in the year listed i.e. “FY19” means the 12 months ending 30 June 2019 ICR  Interest coverage ratio Gearing  interest bearing liabilities less cash divided by total assets less cash GHG  greenhouse gas GMF  previously GPT Metro Office Fund which traded on the ASX as GMF (renamed Growthpoint Metro Office Fund) GOZ  the ASX trading code that Growthpoint trades under. Green Star  an internationally recognised sustainability rating system issued by the Green Building Council in Australia GRESB  Global Real Estate Sustainability Benchmark GRI  Global Reporting Initiative. Further information can be found on page 62 of the 2018 Sustainability Report. gross assets  the total value of assets Growthpoint or the Group  Growthpoint Properties Australia comprising the Company, the Trust and its controlled entities Growthpoint SA or GRT  Growthpoint Properties Limited of South Africa (Growthpoint’s majority Securityholder) which trades on the JSE under the code “GRT” IDR  Industria REIT IFRS  International Financial Reporting Standards JLL  the Australian arm of Jones Lang LaSalle, an international professional services and investment management firm JSE  Johannesburg Stock Exchange kW  kilowatt LTI  long-term incentive m  million MW  Megawatt Unit of power equal to one million watts NABERS  National Australian Built Environment Rating System (a national system for measuring environmental performance of buildings) NGER  National Greenhouse and Energy Reporting NLA  net lettable area NPI  net property income NTA  net tangible assets Operational Control  operational control is defined as having the ability to introduce and implement operating, health & safety or environmental policies and measures for a facility. This is based on the approach for defining controlling corporations, as outlined in NGER legislative framework. PwC  the professional services firm previously known as PriceWaterhouseCoopers Return on equity or ROE  calculated as the percentage change in NTA plus the distribution for a given period divided by the opening NTA REIT  real estate investment trust Securityholder  an owner of Growthpoint securities S&P  Standard & Poor’s sqm  square metres STI  short-term incentive sustainability  a process for ensuring activities are able to be continued and assets and resources are able to endure for a medium-long-term Syndicated Facility  syndicated loan facility from CBA, NAB, WBC and ANZ to Growthpoint TFR  total fixed remuneration tCO2-e  Tonnes of carbon dioxide equivalents. The universal unit of measurement to indicate the global warming potential of greenhouse gases Total Securityholder return  change in security price plus distributions paid or payable for the relevant period TPD  total and permanent disability Trust  Growthpoint Properties Australia Trust USPP  United States Private Placement WADM  weighted average debt maturity WALE  weighted average lease expiry WARR  weighted average rent review Growthpoint Properties Australia 2018 Annual Report 112