Carindale Property Trust (CDP) - Research

$7.000

CDP General Information +

ASX Code CDP
Website http://www.carindalepropertytrust.com.au
GICS Sub-Industry Retail REITs
Market Cap ($M) 490
Current Price $7.000
Day High $7.000
Day Low $6.860
Last Close $7.000
Price Movement - ( No change )
Prices as at 16:40, 26 Jun 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 (%)
2020 F 0.00 32.40 -6.60% 21.60 19.00 2.70% 0.0%
2019 F 0.00 34.70 -12.30% 20.20 19.90 2.80% 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
BWP Trust (BWP) $2,505M 0.0286 0.0766 0.0041 21.6546 20.1135 20.0308 4.57% 4.64% 4.66%
Carindale Property Trust (CDP) $486M -0.1407 -0.1227 -0.0663 17.5860 20.0461 21.4705 2.89% 2.86% 2.73%
Scentre (SCG) $20,949M 0.1349 0.0307 0.0329 15.9256 15.4510 14.9582 5.62% 5.74% 5.87%
Unibail-Rodamco-Westfield (URW) $3,400M 0.0000 3.8028 0.0570 54.7521 11.3978 10.7833 4.12% 7.96% 8.36%
Vicinity Centres (VCX) $9,920M -0.7191 0.0847 -0.0149 15.6921 14.4664 14.6845 6.20% 6.06% 5.94%

CDP Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.55 20.20 0.86 0.00
Market 0.87 17.10 1.49 1.63
Sector 0.75 16.60 1.12 1.37

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)
30 August 2019 Div Pay Date
20 August 2019 Report (Annual)
20 August 2019 Report (Prelim)
28 June 2019 Books Close

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