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Carindale Property Trust ( (AU:CDP) ) has shared an update.
Carindale Property Trust reported a 7.8% increase in Funds From Operations, reaching $29.7 million for the year ending June 2025. The Trust achieved a statutory profit of $39.2 million, supported by a $15.7 million unrealized property valuation increase. With strong demand for retail space, the Trust completed 98 deals and maintained a high occupancy rate of 99.9%. The property was valued at $1,576 million, and the Trust’s gearing was 26.7%. The robust performance of Westfield Carindale and a strong capital position are expected to sustain earnings and distribution growth.
The most recent analyst rating on (AU:CDP) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Carindale Property Trust stock, see the AU:CDP Stock Forecast page.
More about Carindale Property Trust
Carindale Property Trust operates in the real estate industry, focusing on retail property management. The Trust’s primary service is managing the Westfield Carindale shopping center, which is a significant retail hub attracting millions of customer visits annually.
Average Trading Volume: 14,173
Technical Sentiment Signal: Buy
Current Market Cap: A$450.9M
Find detailed analytics on CDP stock on TipRanks’ Stock Analysis page.