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Carindale Property Trust

Company price
5.26 AUD -0.06 ( 1.13%)
Last update at 2026-11-06T05:10:00Z
VOLUME
22267
Market Cap
440.16M
P/E
7.49

Momentum Score

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Carindale Property Trust 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 over 738,000, 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, Kmart, 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 business partners including approximately 371 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail. Carindale Property Trust was established on November, 28 1996 and incorporated in Australia.

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Day Price Range
5.17
Low
5.29
High
52 Week Price Range
5.04
Low
5.76
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Carindale Property Trust is a publicly listed Australian property trust associated with the Carindale retail property, but public disclosures specific to the vehicle are limited. Long-term growth may be driven by rental income, leasing performance and broader trends in Queensland retail property, and investors may find the trust attractive for potential income and direct exposure to a physical retail asset.

Key risks include single-asset concentration, sensitivity to retail consumer spending and leasing markets, and potential liquidity and valuation volatility for a small or thinly traded listed trust.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.32
Dividend Yield
5.62%
Revenue TTM
64.55M
Revenue Per Share
0.78
Gross Profit TTM
41.21M
Debt / Equity
0.35
ROE
10.21%
Net Debt
202.56M
ROCE
5.23%
Diluted EPS TTM
0.71

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 59.02M 39.15M 7.62M 8.02M 66.52M
Net income 59.02M 39.15M 7.62M 8.02M 66.52M
Selling general administrative - 4.76M 4.62M 4.69M 4.75M
Gross profit 46.12M 38.68M 36.34M 34.78M 32.38M
Ebit - 49.01M 36.10M 16.25M 72.68M
Ebitda 68.92M 49.94M 37.13M 17.14M 75.08M
Depreciation and amortization - 0.93M 1.03M 0.89M 2.41M
Operating income 43.02M 38.44M 36.10M 34.53M 31.96M
Other operating expenses 21.54M 23.15M 21.77M 37.51M 63.16M
Interest expense 9.90M 9.86M 9.73M 9.11M 8.56M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.18M 0.13M 0.08M 0.01M
Net interest income - -9.68M -9.60M -9.04M -8.55M
Income tax expense - - -1.03M -9.24M 49.20M
Total revenue 64.55M 61.59M 57.87M 54.90M 52.72M
Total operating expenses 3.10M 0.24M 0.24M 0.25M 0.35M
Cost of revenue 18.43M 22.90M 21.52M 20.12M 20.34M
Total other income expense net 16.00M 0.71M -28.48M -17.47M 43.05M
Net income from continuing ops - 39.15M 7.62M 8.02M 66.52M
Net income applicable to common shares - 39.15M 7.62M 8.02M 66.52M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 822.37M 793.33M 774.83M 788.69M 799.02M
Other current assets - - -1.84M 4.02M 0.04M
Total liab 227.06M 232.30M 245.15M 260.27M 272.37M
Total stockholder equity 595.31M 561.02M 529.68M 528.42M 526.65M
Other current liab - - 19.91M 19.71M 18.89M
Common stock 243.50M - 228.02M 213.13M 199.72M
Capital stock - 243.50M 228.02M 213.13M 199.72M
Retained earnings 301.28M 274.56M 265.10M 285.00M 303.36M
Other assets - - - 4.21M 7.35M
Cash 3.13M 2.70M 2.05M 3.37M 3.85M
Total current liabilities 0.00M 21.51M 19.96M 19.72M 19.31M
Net debt 202.56M 207.30M 223.14M 237.18M 249.20M
Short term debt 0.00M - - 0.00M 0.00M
Short long term debt total 205.68M - 225.19M 240.55M 253.05M
Other stockholder equity - - -0.00M -498.14M -503.09M
Property plant equipment - - - - 785.05M
Total current assets 4.82M 5.16M 6.86M 9.01M 6.62M
Net tangible assets - - - - 526.65M
Net receivables 1.69M 0.61M 1.84M 1.58M 2.73M
Long term debt - 210.00M 225.10M 240.50M 253.00M
Inventory - - 0.00M - -
Accounts payable - 0.10M 0.05M 0.01M 0.42M
Accumulated other comprehensive income 50.53M - 36.57M 30.28M 23.57M
Non currrent assets other 1.49M 0.31M 2.37M 4.21M 7.35M
Non current assets total 817.55M 788.16M 767.97M 779.68M 792.40M
Capital lease obligations - 0.09M 0.09M 0.05M 0.05M
Long term debt total - - - 240.55M 253.05M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - -7.95M -6.51M -10.39M -3.98M
Change to liabilities - - - - 0.00M
Total cashflows from investing activities -2.67M -7.95M -6.51M -10.39M -3.98M
Net borrowings - -15.10M -15.40M - -17.50M
Total cash from financing activities -28.25M -21.88M -21.25M -17.90M -22.67M
Change to operating activities - - - - 4.62M
Net income 59.02M 39.15M 7.62M 8.02M 66.52M
Change in cash 0.43M 0.65M -1.32M -0.48M 1.45M
Begin period cash flow 2.70M 2.05M 3.37M 3.85M 2.41M
End period cash flow 3.13M 2.70M 2.05M 3.37M 3.85M
Total cash from operating activities 31.35M 30.48M 26.44M 27.80M 28.09M
Other cashflows from investing activities - -7.95M -0.04M -10.39M -3.98M
Dividends paid 24.14M -6.78M -5.56M 5.40M 5.17M
Other cashflows from financing activities 0.29M 0.00M -0.29M 0.50M -3.98M
Change to netincome - - - - -43.05M
Capital expenditures 0.00M 7.95M 0.00M 0.00M 0.00M
Change in working capital -0.08M 1.72M -0.06M 0.08M 0.01M
Other non cash items -27.58M 28.76M 18.88M 19.78M -38.43M
Free cash flow 31.35M 30.48M 26.44M 27.80M 28.09M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CDP
Carindale Property Trust
-0.06
1.13%
5.26 7.49 15.22 6.82 0.74 9.96 9.35
SCG
Scentre Group
0.01
0.28%
3.61 9.47 14.14 7.31 0.97 12.67 12.03
VCX
Vicinity Centres
-
-%
2.47 8.23 17.57 8.18 0.97 12.22 10.44
RGN
Region Group
0.01
0.42%
2.37 10.24 15.90 6.91 158.26 11.00 12.63
HDN
Homeco Daily Needs REIT
0.01
0.85%
1.18 6.88 12.74 5.93 0.74 11.29 9.44

Profile*

Carindale Property Trust

Carindale Property Trust 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 over 738,000, 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, Kmart, 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 business partners including approximately 371 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail. Carindale Property Trust was established on November, 28 1996 and incorporated in Australia.

Level 30, Sydney, NSW, Australia, 2000

61 2 9358 7877

Name Title Year Born
Mr. Elliott Chaim Aaron Rusanow CEO, MD of Scentre Group & Director 1974
Mr. Andrew M. Clarke CFO of Scentre Group & Director of Investor Relations NA
Ms. Maureen Therese McGrath Gen. Counsel & Compliance and Sec. of Scentre Group NA
Mr. Paul F. Giugni Gen. Counsel & Company Sec. of Scentre Group NA
Mr. Elliott Chaim Aaron Rusanow CEO, MD & Director of Scentre Management Limited 1974
Mr. Andrew M. Clarke CFO & Director of Investor Relations at Scentre Management Limited NA
Ms. Maureen Therese McGrath General Counsel & Compliance and Secretary of Scentre Group NA
Mr. Paul F. Giugni General Counsel & Company Secretary of Scentre Group NA
Mr. Elliott Chaim Aaron Rusanow CEO, MD & Director of Scentre Management Limited 1974
Mr. Andrew M. Clarke CFO & Director of Investor Relations at Scentre Management Limited NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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