Carindale Property Trust (CDP) AI Stock Analysis

• Market Cap: AU$409.55M
• Dividend Yield: 5.78%
• Average Volume (3M): 18.63K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.19
• Revenue Growth: 5.14%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.24
• Shares Outstanding: 82,737,210
• 10 Day Avg. Volume: 19,488
• 30 Day Avg. Volume: 18,629
• PEG Ratio: -0.81
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.50
• Price Target Upside: 11.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: AU$5.50 ▲(11.79%Upside)

Carindale Property Trust demonstrates strong financial performance with solid revenue growth and cash flow generation. The stock's technical indicators show positive momentum but suggest caution due to overbought signals. Its attractive valuation, with a low P/E ratio and high dividend yield, further supports a positive outlook.

Carindale Property Trust Business Overview & Revenue Model

Company Description

Westfield Carindale is situated in an affluent quarter of Brisbane's south-eastern suburbs approximately 12 kilometres from the Brisbane CBD. The centre services a trade area population of approximately 690,000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access. One of the city's leading retail and lifestyle destinations, Westfield Carindale is home to many of Australia's most well-known retailers including David Jones, Myer, Harris Scarfe, Big W, Target, Coles, Woolworths, ALDI and Apple, as well as a host of premium fashion brands. An Event Cinemas complex and a range of other retailers including approximately 400 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail.

How the Company Makes Money

Carindale Property Trust makes money primarily through rental income generated from leasing retail space within the Westfield Carindale shopping center. The company collects rent from a diverse mix of tenants, including major retail chains, specialty stores, and food and beverage outlets. Additionally, CDP may earn revenue from parking facilities and other ancillary services. The trust benefits from a strategic partnership with Scentre Group, which manages the shopping center, ensuring high occupancy rates and effective property management that contribute to its earnings. Other factors that may influence CDP's revenue include economic conditions, consumer spending trends, and the overall performance of the retail sector.

Carindale Property Trust Financial Statement Overview

Summary

Carindale Property Trust exhibits solid financial health with consistent revenue growth, robust gross and EBIT margins, and strong cash flow generation. The balance sheet is stable, supported by moderate leverage and a high equity ratio. However, the decline in net profit margin and return on equity suggests an opportunity to enhance profitability.

Income Statement

Carindale Property Trust has shown consistent revenue growth with a 5.42% increase from 2023 to 2024. The Gross Profit Margin and EBIT Margin are strong at 62.82% and 62.82% respectively, indicating efficient cost management. However, the Net Profit Margin has declined to 13.17% due to lower net income. Overall, the company demonstrates stable financial performance with room for improvement in profitability.

Balance Sheet

The Debt-to-Equity Ratio is 0.42, reflecting moderate leverage. The Equity Ratio stands at 68.38%, showcasing a solid financial structure with a high proportion of assets funded by equity. Return on Equity decreased slightly to 1.44% from the previous year, highlighting a need for improved profitability to enhance shareholder returns.

Cash Flow

The company maintains a healthy Operating Cash Flow to Net Income Ratio of 3.47, signifying strong cash flow generation relative to earnings. Free Cash Flow remains stable, with no capital expenditures reported, indicating effective cash management. The Free Cash Flow to Net Income Ratio is 3.47, further emphasizing strong cash flow dynamics.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	59.34M	57.87M	54.90M	52.72M	50.11M	51.66M
Gross Profit	37.35M	36.34M	39.47M	37.06M	35.49M	37.39M
EBITDA	18.52M	32.93M	34.53M	31.96M	30.59M	32.58M
Net Income	29.86M	7.62M	8.02M	66.52M	39.42M	-107.71M
Balance Sheet
Total Assets	787.47M	774.83M	788.69M	799.02M	756.11M	745.13M
Cash, Cash Equivalents and Short-Term Investments	2.44M	2.05M	3.37M	3.85M	2.41M	4.82M
Total Debt	221.09M	225.19M	240.55M	253.05M	270.56M	281.56M
Total Liabilities	242.95M	245.15M	260.27M	272.37M	289.77M	302.10M
Stockholders Equity	544.52M	529.68M	528.42M	526.65M	466.34M	443.02M
Cash Flow
Free Cash Flow	28.58M	26.44M	27.80M	28.09M	24.24M	16.48M
Operating Cash Flow	28.58M	26.44M	27.80M	28.09M	24.24M	16.48M
Investing Cash Flow	-10.74M	-6.51M	-10.39M	-3.98M	-7.60M	-13.71M
Financing Cash Flow	-18.46M	-21.25M	-17.90M	-22.67M	-19.05M	160.00K

Carindale Property Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CDP, the sentiment is Positive. The current price of 4.92 is above the 20-day moving average (MA) of 4.87, above the 50-day MA of 4.75, and above the 200-day MA of 4.55, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 55.09 is Neutral, neither overbought nor oversold. The STOCH value of 33.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CDP.

Carindale Property Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CDP	74 Outperform	AU$409.55M	13.14	5.62%	5.78%	5.14%	―
Sector *	54 Neutral	$1.20B	3.61	0.13%	7.01%	-2.13%	-128.06%
SCPAF		$1.71B	22.34	4.80%	5.55%	―	―
MQV		€1.26B	12.03	6.37%	6.44%	―	―
HDN	74 Outperform	AU$2.59B	12.41	6.98%	6.85%	-1.08%	―
DXC	63 Neutral	AU$407.76M	20.50	4.00%	7.08%	-0.80%	―
COF	55 Neutral	AU$701.87M	―	-8.21%	8.60%	-9.52%	47.94%

Carindale Property Trust Corporate Events

Carindale Property Trust Announces New Dividend Distribution

Carindale Property Trust has announced a new dividend distribution of AUD 0.1423 per ordinary unit for the six-month period ending June 30, 2025. The ex-dividend date is set for June 27, 2025, with the record date on June 30, 2025, and the payment date scheduled for August 29, 2025. This announcement reflects the company’s ongoing financial strategies and may impact investor decisions and market positioning.

The most recent analyst rating on (AU:CDP) stock is a Buy with a A$5.70 price target. To see the full list of analyst forecasts on Carindale Property Trust stock, see the AU:CDP Stock Forecast page.

Carindale Property Trust Announces Change in Registry Address

Carindale Property Trust has announced a change in the registry address for its Sydney office of Computershare Investor Services Pty Limited, effective from 10 June 2025. This change requires all documentation lodgements by member organisations, securityholders, and other parties to be made at the new address, which may impact operational processes for stakeholders involved.

The most recent analyst rating on (AU:CDP) stock is a Buy with a A$5.70 price target. To see the full list of analyst forecasts on Carindale Property Trust stock, see the AU:CDP Stock Forecast page.

Carindale Property Trust Suspends DRP for June 2025 Distribution

Carindale Property Trust, a company listed on the ASX under the ticker CDP, has announced that its Distribution Reinvestment Plan (DRP) will not be in effect for the distribution period ending 30 June 2025. This decision means that securityholders with a standing nomination for the DRP will not have it applied for this period, and no further action is required from them. The company will announce an estimated distribution for the six months ending 30 June 2025 in June, with final distributions to be paid on 29 August 2025.

The most recent analyst rating on (AU:CDP) stock is a Buy with a A$5.70 price target. To see the full list of analyst forecasts on Carindale Property Trust stock, see the AU:CDP Stock Forecast page.