Carindale Property Trust

  • IPO date:
  • Sector: Real Estate
  • GIC Group: Equity Real Estate Investment Trusts (REITs)
  • Industry: REIT-Retail
  • Company website

Company description

Westfield Carindale is situated in an affluent quarter of Brisbane's south-eastern suburbs approximately 12 kilometres from the CBD. The centre currently services a trade area population of nearly 700,000, and has a total accessible market of 1.4 million residents with the nearby Gateway Motorway offering convenient access to the centre. 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, 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 380 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail.

Financial highlights

Market Capitalization$311.7245 million
P/E Ratio37.48
P/E Growth Ratio0
Book Value6.979
Dividend Per Share0.263
Earnings Per Share0.11
EBITDA
Profit Margin0.1462
Operating Margin TTM0.6291
Return on Assets TTM0.0272
Return on Equity TTM0.0152
Revenue TTM54,897

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
1998-06-30
1999-06-30
2000-06-30 13,391
2001-06-30 20,461
2002-06-30 21,829 6,543 15,286 1,394
2003-06-30 23,273 8,305 14,968 442
2004-06-30 24,267 8,812 15,455 319
2005-06-30 26,470 9,029 17,441 331
2006-06-30 28,069 9,601 18,468 194
2007-06-30 30,401 10,302 20,099 182
2008-06-30 32,966 12,097 20,869 381
2009-06-30 34,589 13,087 21,502 351
2010-06-30 36,479 13,417 23,062 408
2011-06-30 36,247 12,821 23,426 384
2012-06-30 36,353 14,030 22,323 196
2013-06-30 50,280 17,762 32,518 387
2014-06-30 53,342 18,747 34,595 395
2015-06-30 55,486 18,836 36,650 310
2016-06-30 56,030 18,858 37,172 286
2017-06-30 56,062 18,988 37,074 316
2018-06-30 55,723 19,173 36,550 359
2019-06-30 53,424 19,721 33,703 329
2020-06-30 51,657 18,731 32,926 347
2021-06-30 50,107 19,144 30,963 371
2022-06-30 52,719 20,341 32,378 351
2023-06-30 54,897 20,117 34,780 247

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
1998-06-30 3,004 284,006 99,631 188,784
1999-06-30 122,398 354,261 170,180 188,784
2000-06-30 667 225,144 41,913 31,400 187,934
2001-06-30 1,258 227,132 43,901 33,900 187,934
2002-06-30 643 226,552 43,236 33,800 187,934
2003-06-30 895 227,056 43,740 34,000 187,934
2004-06-30 1,943 266,757 46,662 36,100 187,934
2005-06-30 1,376 300,788 47,947 36,400 187,934
2006-06-30 1,978 373,893 54,175 41,028 187,934
2007-06-30 1,778 425,278 54,882 41,055 187,934
2008-06-30 2,666 452,367 57,515 43,969 187,934
2009-06-30 2,139 450,540 62,056 46,619 187,934
2010-06-30 1,008 451,239 63,191 45,500 187,934
2011-06-30 2,102 488,320 100,350 77,397 187,934
2012-06-30 1,249 673,484 226,885 180,083 187,934
2013-06-30 3,074 684,175 232,588 202,664 187,934
2014-06-30 3,437 735,260 233,533 213,942 206,314 187,934
2015-06-30 3,063 771,633 238,740 38 209,900 187,934
2016-06-30 2,107 797,915 243,086 531 212,500 187,934
2017-06-30 1,782 814,050 243,059 743 218,000 187,934
2018-06-30 1,784 818,727 248,886 8 225,000 187,934
2019-06-30 1,889 857,306 293,908 105 256,000 187,934
2020-06-30 4,818 745,126 302,104 0 281,500 187,934
2021-06-30 2,408 756,106 289,768 0 270,500 187,934
2022-06-30 3,854 799,020 272,365 0 253,000 199,724
2023-06-30 3,371 788,694 260,271 0 240,500 213,134

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
1998-06-30 2,581 -801 3,805 3,004 5,915
1999-06-30 2,491 119,394 3,004 122,398 5,201
2000-06-30 10,808 -121,731 122,398 667 8,381
2001-06-30 11,046 591 667 1,258 10,619
2002-06-30 11,445 -615 1,258 643 11,650
2003-06-30 12,301 252 643 895 11,908
2004-06-30 12,899 1,048 895 1,943 12,610
2005-06-30 14,811 -567 1,943 1,376 13,731
2006-06-30 75,303 602 1,376 1,978 15,171
2007-06-30 68,115 -200 1,978 1,778 16,960
2008-06-30 42,440 888 1,778 2,666 17,836
2009-06-30 12,217 -527 2,666 2,139 18,110
2010-06-30 19,010 -1,131 2,139 1,008 19,047
2011-06-30 19,382 1,094 1,008 2,102 19,649
2012-06-30 78,089 -853 2,102 1,249 19,460
2013-06-30 25,078 1,825 1,249 3,074 19,460
2014-06-30 71,840 36,135 363 3,074 3,437 20,930
2015-06-30 55,645 25,786 -374 3,437 3,063 23,023
2016-06-30 49,383 26,626 -956 3,063 2,107 26,306
2017-06-30 44,302 27,700 -325 2,107 1,782 27,797
2018-06-30 26,990 28,240 2 1,782 1,784 28,140
2019-06-30 19,047 25,581 105 1,784 1,889 26,740
2020-06-30 -107,706 16,480 2,929 1,889 4,818 -25,340
2021-06-30 39,416 24,239 -2,410 4,818 2,408 -8,050
2022-06-30 109,574 109,574 1,446 2,408 3,854 -5,170
2023-06-30 8,024 27,802 -483 3,854 3,371 -5,399