Carindale Property Trust (CDP) - Research

$6.800
Prices as at 15:40, 25 Apr 2019

CDP Current Share Price+

Current Price $6.800
Open $6.770
High $6.830
Low $6.760
Last Close $6.800
Volume 14686
Price Movement - ( No change )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

CDP General Information

Carindale Property Trust
CDP
http://www.carindalepropertytrust.com.au
Retail REITs
476
70

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 (%)
2020 F 0.00 32.40 -6.60% 21.00 19.00 2.80% 0.0%
2019 F 0.00 34.70 -12.30% 19.60 19.90 2.90% 0.0%
2018 A 27.66 39.50 -14.10% 19.70 20.10 2.60% 0.0%

CDP Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Carindale Property Trust (CDP) $472M -0.1407 -0.1227 -0.0663 17.0800 19.4693 20.8526 2.98% 2.95% 2.81%
Scentre (SCG) $20,630M 0.1349 0.0319 0.0286 15.6831 15.1978 14.7753 5.71% 5.82% 5.94%
Shopping Centres Australasia Property (SCP) $2,397M -0.0872 0.2052 0.0270 19.1852 15.9189 15.4997 5.37% 5.68% 5.82%
Unibail-Rodamco-Westfield (URW) $3,982M 0.0000 3.7873 0.0522 63.0165 13.1607 12.5077 3.58% 6.90% 7.20%
Vicinity Centres (VCX) $9,537M -0.7191 0.0000 0.0000 14.9761 0.0000 0.0000 6.49% 0.00% 0.00%

CDP Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.62 19.10 0.84 0.00
Market 0.95 16.70 1.52 1.56
Sector 0.83 16.30 1.06 1.22

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
Mark Bloom Chief Financial Officer
Greg Miles Chief Operating Officer
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
19 February 2020 Report (Interim)
20 August 2019 Report (Annual)
20 August 2019 Report (Prelim)

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