Carindale Property Trust (CDP) - Research

$6.550

CDP General Information +

ASX Code CDP
Website http://www.carindalepropertytrust.com.au
GICS Sub-Industry Retail REITs
Market Cap ($M) 458
Current Price $6.550
Day High $6.610
Day Low $6.520
Last Close $6.550
Price Movement - ( No change )
Prices as at 16:40, 20 Sep 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

CDP Company Overview

Business Description

Carindale Property Trust (CDP) is a development property trust whose sole investment is a 50% interest in Westfield Carindale, a chain of regional shopping centres based in Brisbane. As of June 2016, the Carindale Property Trust share of Westfield Carindale was value at $792.6m The Trust is managed by Scentre Management Limited.

CDP Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2021 F 0.00 35.10 3.00% 18.70 36.70 5.60% 0.0%
2020 F 0.00 34.10 37.40% 19.20 36.20 5.50% 0.0%
2019 A 17.36 24.80 -37.30% 30.10 36.20 4.90% 0.0%

CDP Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2019 A 2020 F 2021 F 2019 A 2020 F 2021 F 2019 A 2020 F 2021 F
BWP Trust (BWP) $2,492M -0.1188 0.2142 0.0213 24.4486 20.1349 19.7154 5.07% 4.84% 4.86%
Carindale Property Trust (CDP) $463M -0.3727 0.3735 0.0300 26.6640 19.4126 18.8480 5.48% 5.48% 5.55%
Scentre (SCG) $21,002M 0.1349 0.0097 0.0300 15.9660 15.8127 15.3517 5.61% 5.72% 5.89%
Unibail-Rodamco-Westfield (URW) $3,334M 0.0000 3.7088 0.0179 53.8223 11.4279 11.2272 4.19% 7.93% 8.07%
Vicinity Centres (VCX) $9,666M -0.0740 0.1559 0.0329 16.5593 14.3255 13.8694 6.19% 6.24% 6.27%

CDP Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.54 24.40 0.81 1.29
Market 0.86 16.80 1.61 1.83
Sector 0.71 18.10 1.09 1.24

CDP Directors

Name Position Start Date
Mr Peter Kenneth Allen Executive Director, Chief Executive Officer 25 May 2011
Mr Michael (Mike) Francis Ihlein Non-Executive Director 30 Jun 2014
Ms Sarah (Carolyn) Hailes Kay Non-Executive Director 24 Feb 2016
Mr Andrew William Harmos Non-Executive Director 30 Jun 2014
Mr Steven John Leigh Non-Executive Director 4 Apr 2019
Ms Aliza Knox Non-Executive Director 7 May 2015
Ms Margaret (Margie) Leone Seale Non-Executive Director 24 Feb 2016
Mr Brian Martin Schwartz Non-Executive Director, Non-Executive Chairman 6 May 2009

CDP Management

Name Position
Maureen Therese McGrath Company Secretary
Paul Giugni Company Secretary,General Counsel

CDP Substantial Shareholders

Holding Name
41,718,977 (59.60%) Westfield Management Ltd

CDP Calendar of Events

Date Event
20 August 2020 Report (Prelim)
19 February 2020 Report (Interim)

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