InvestSMART

Cedar Woods Properties Limited (ASX:CWP)

ALERT: Price-sensitive ASX Announcement for CWP
Current share price for CWP : $7.240 0.67 (10.20%)+
Announcement
Release
5 Jun 2026 8:20AM
Price at Release
$6.570
Full Release
download
Summary
Cedar Woods Properties Limited has announced recent acquisitions of development sites in key growth areas in Queensland and Victoria, reinforcing its long-term acquisition strategy. The company is also progressing land acquisition opportunities in Western Australia. Despite softened market conditions, Cedar Woods maintains a strong financial position with significant undrawn finance facilities. The structural housing undersupply in Australia, particularly in Western Australia, Queensland, and South Australia, is expected to continue supporting sales volumes. The company is on track to achieve the top end of FY26 earnings guidance, with further profit growth anticipated in FY27.
Key Points
  • Cedar Woods Properties Limited provides an acquisition and operational update.
  • The company has secured several high-quality development sites in key growth areas in Queensland and Victoria.
  • Key acquisitions include Kealba, VIC for a townhouse development site, and Fairfield, QLD for an apartment development site.
  • Cedar Woods is also progressing two land acquisition opportunities in Western Australia.
  • The acquisitions reflect the company's long-term acquisition strategy amidst softened market conditions.
  • Cedar Woods maintains a strong balance sheet with significant undrawn finance facilities.
  • Australia's structural housing undersupply, particularly in Western Australia, Queensland, and South Australia, supports sales volumes.
  • The company is on track to meet the top end of FY26 earnings guidance with continued profit growth expected in FY27.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.