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Business Description: Westfield Carindale is a two-level regional shopping centre with a gross lettable area of around 115,000 sq m. The shopping center consists of two department stores, two discount department stores, three supermarkets and over 290 specialty retailers. The adjoining Home & Leisure Centre comprises a further 8 retailers. As at 30 June 2011, the centre had a retail occupancy rate of more than 99%.
Strategy Analysis: CDP's ongoing capital works program provides a constantly revitalised environment through upgrades to various precincts, refurbishment of amenities and the introduction of numerous retailers. The remixing of retailers within the centre has contributed to the centre´s emerging position as a key fashion destination in Brisbane.
Carindale Property Trust reported NPAT up 2% to $19.38m for the year ended 30 June 2011. Revenue from ordinary activities were $36.25m. Basic and Diluted EPS were 27.69 cents compared to 27.16 cents last year. Net operating cash flow was $23.78m compared to $23.41m last year. The final dividend declared was 13.9 cents, taking the full year dividend to 27.8 cents compared with 27.78 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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