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    Real Estate

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    REIT - Retail
Carindale Property Trust

Carindale Property Trust

CDP.AX
Carindale Property TrustAU flagAustralian Securities Exchange
5.60
AUD
- -
- -
463.33MMarket Cap
Carindale Property Trust
CDP.AX
(Australian Securities Exchange)

Recent

price

5.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.52
0.52
0.52
0.72
0.76
0.79
0.8
0.8
0.8
0.76
0.74
0.72
0.74
0.74
0.74
0.76
Revenue per Share
0.27
0.28
1.12
0.36
1.03
0.79
0.71
0.63
0.39
0.27
-1.54
0.56
0.93
0.11
0.1
0.48
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.27
0.28
0.28
0.28
0.3
0.33
0.38
0.4
0.4
0.38
0.36
0.12
0.07
0.07
0.07
0.08
Dividend per Share
5.54
5.54
6.38
6.45
7.17
7.61
7.93
8.16
8.14
8.04
6.21
6.44
7.03
6.7
6.34
6.38
Book Value per Share
5.54
5.54
6.38
6.45
7.17
7.61
7.93
8.16
8.14
8.05
6.33
6.66
7.36
7.1
6.81
6.9
Tangible Book Value per Share
70
70
70
70
70
70
70
70
70
70
70
70
72
74
78
81
Basic Weighted Avg Shares
36
36
36
50
53
55
56
56
56
53
52
50
53
55
58
62
Sales/Revenue/Turnover
62.1
63.57
60.87
63.9
64.11
65.49
65.83
65.57
64.95
62.47
63.07
61.05
60.75
62.91
62.38
62.42
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
19
19
78
25
72
56
49
44
27
19
-108
39
67
8
8
39
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
52.11
53.47
214.81
49.88
134.68
100.29
88.14
79.02
48.44
35.65
-208.5
78.66
126.17
14.62
13.17
63.58
Profit Margin (%)
-9
-16
-29
-15
-15
-17
-19
-19
-18
-29
-3
-9
-13
-11
-13
-16
Working Capital
46
77
180
203
206
210
213
218
225
256
282
271
253
241
225
210
LT Debt
388
388
447
452
502
533
555
571
570
563
443
466
527
528
530
561
Total Equity
5.22
5.13
4.05
5.02
5.02
5.01
4.88
4.72
4.57
4.13
- -
4.19
4.22
4.46
4.74
5.04
Return on Invested Capital (%)
5.17
5.08
15.12
6.02
12.58
9.49
8
6.98
4.56
4.35
- -
5.97
10.16
2.29
2.38
6.78
Return on Capital (%)
4.9
5
18.73
5.58
15.07
10.76
9.08
7.87
4.73
3.36
-21.59
8.9
13.95
1.6
1.54
7.74
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.9%
4.94%
5.92%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-50.27%
50.56%
413.56%
Sales/Revenue/Turnover
1.12%
3.63%
6.42%
Total Cash Common Dividend
-6.37%
-14.94%
21.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
55
2024
- -
- -
- -
- -
58
2025
- -
- -
- -
- -
62

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.11
2024
- -
- -
- -
- -
0.1
2025
- -
- -
- -
- -
0.48

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.07
2024
- -
- -
- -
- -
0.07
2025
- -
- -
- -
- -
0.08
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Business
Carindale Property Trust holds a substantial stake in Westfield Carindale, a prominent retail and lifestyle hub situated in an affluent south-eastern suburb of Brisbane, roughly 12 kilometres from the city centre. This significant property effectively serves a broad trade area, encompassing over 700,000 residents, with a wider accessible market of 1.4 million people due to convenient links via the nearby Gateway Motorway. As a leading destination for shopping and leisure, Westfield Carindale hosts a comprehensive array of Australia’s most recognised retailers, including flagship stores like David Jones, Myer, Kmart, Big W, Target, Coles, Woolworths, ALDI, and Apple, complemented by numerous premium fashion brands. The centre’s diverse offerings are further enriched by approximately 370 specialty stores, an Event Cinemas complex, and a luxurious Glasshouse Dining Precinct, while the adjacent Carindale Home & Leisure Centre provides extensive bulky goods retail options. The Trust, whose primary activity revolves around this long-term property investment, is skillfully managed by Scentre Management Limited, a division of the Scentre Group. Recent operational highlights from 2024 saw customer visits reach 14 million, with annual retail sales exceeding $1.09 billion, reflecting robust performance and an impressive occupancy rate of 99.9%. The Trust reported strong financial growth for the 2025 financial year, with revenue increasing by 6.4% and net profit (excluding unrealised fair value movements) seeing a significant rise of 413.6%.