InvestSMART

Cedar Woods Properties Limited (ASX:CWP)

ALERT: Price-sensitive ASX Announcement for CWP
Current share price for CWP : $5.880 -1.32 (-18.33%)+
Announcement
Release
25 Aug 2026 7:45AM
Price at Release
$7.200
Full Release
download
Summary
Cedar Woods Properties Limited (CWP) reported strong financial results for FY26, highlighting a 36% increase in net profit after tax to $65.6 million, driven by a diverse portfolio and strategic acquisitions. The company completed significant acquisitions, including a joint venture with Tokyo Gas and a major land acquisition in Mt Barker. CWP's portfolio includes 36 projects with over 9,600 lots diversified across various locations and product types, supporting future earnings. The company anticipates a continued structural undersupply of housing across Australia, which, along with expected interest rate cuts in 2027, is likely to support the housing sector's growth. CWP forecasts a 15% growth in NPAT for FY27, underpinned by $830 million in presales contracts. The company maintains a strong balance sheet with ample liquidity and a low gearing ratio, positioning it well for future growth and earnings potential.
Key Points
  • Net profit after tax increased by 36% to $65.6 million.
  • Completed strategic acquisitions including a JV with Tokyo Gas.
  • Portfolio includes 36 projects with over 9,600 lots.
  • Structural undersupply of housing in Australia continues.
  • Interest rates expected to fall in 2027, supporting housing sector.
  • Targeting 15% growth in NPAT for FY27.
  • Strong balance sheet with low gearing and ample liquidity.
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.