CARINDALE PROPERTY TRUST (CDP)
Share Price Analysis and Chart

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CDP - CARINDALE PROPERTY TRUST

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.40

24 Sep
2021

0.000

OPEN

$4.40

0.000

HIGH

$4.40

54,493

LOW

$4.40

TARGET
$5.20 18.2% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
CDP: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 56.3 35.0 xxx
DPS (cps) xxx 23.0 26.0 xxx
EPS Growth xxx N/A - 37.8% xxx
DPS Growth xxx 27.1% 13.0% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 5.9% xxx
Div Pay Ratio(%) xxx 40.8% 74.3% xxx

Dividend yield today if purchased 3 years ago: 2.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.23

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - 11.5c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx56.3
DPS All xxxxxxxxxxxxxxx23.0
Sales/Revenue xxxxxxxxxxxxxxx50.1 M
Book Value Per Share xxxxxxxxxxxxxxx666.2
Net Operating Cash Flow xxxxxxxxxxxxxxx24.2 M
Net Profit Margin xxxxxxxxxxxxxxx78.66 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx5.25 %
Return on Equity xxxxxxxxxxxxxxx8.67 %
Return on Total Capital xxxxxxxxxxxxxxx4.19 %
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.2 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

20/08/2021

1

Upgrade to Buy from Hold

$5.20

18.18%

Carindale Property Trust's funds from operations increase beat Ord Minnett by 5.5%, assisted by a -$1m decline in property outgoings in the second half versus the first. Guidance is for a distribution increase in FY22 of at least 9% above FY21.

Carindale’s current share price implies a further -20% write-down in the value of Carindale Shopping Centre. The broker believes this is too negative for a centre that continues to perform well, with sales growth of 7.6% versus FY20 and slightly ahead of pre-covid levels.

To that end the broker upgrades to Buy from Hold. Target rises to $5.20 from $4.80.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 26.00 cents and EPS of 35.00 cents.
Ord Minnett forecasts a full year FY23 dividend of 30.00 cents and EPS of 37.00 cents.

CDP STOCK CHART