A Quick Look At Real Estate Stocks – GPT, LLC, VCX And CMW

A Quick Look at Real Estate Stocks - GPT, LLC, VCX, CMW The housing prices in Australia has witnessed a substantial decline in the recent past, which is why the investors are very keen to know how the real estate stocks are performing on ASX. Let’s take a closer look at some of the Real Estate Stocks that are trading on ASX. GPT Group (ASX: GPT) Australia’s leading diversified property company, GPT Group (ASX: GPT) is a leading owner, manager and developer of retail assets in Australia. During the 2019 March quarter, the group undertook a US$400 Mn (A$559 Mn) US Private Placement (USPP) debt issuance, the settlement of which is expected to occur on 25th July 2019. In FY2019, the company is expecting to achieve a growth of 4% for both funds from operations per security and distributions per security, in line with the 2019 guidance. On the stock performance front, the company’s stock price increased by 11.42% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of GPT Group is trading at a price of $5.705, with a market capitalisation of circa $10.22 billion as on 3rd May 2019. Lendlease Group (ASX: LLC) Australia’s leading international property and infrastructure firm, Lendlease Group (ASX: LLC) has been recently served with a representative proceeding filed in the Supreme Court of NSW (New South Wales) by Maurice Blackburn on behalf of securityholders who bought Lendlease’s stapled securities or American Depositary Receipts in the period November 17, 2017 to November 8, 2018. For the six months ended 31 December 2019, the company reported revenue of $7,761.7 million, down by 10.7% on pcp. Further, the company reported a net profit of $15.7 million, down by 96.3% on pcp. On the stock performance front, the company’s stock price decreased by 22.46% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of Lendlease Group is trading at a price of $13.490, with a market capitalisation of circa $7.54 billion as on 3rd May 2019. Vicinity Centres (ASX: VCX) Australia's leading retail property group, Vicinity Centres (ASX: VCX) has witnessed an active start to 2019, with its new strategy of creating market-leading destinations, realising mixed-use opportunities across its portfolio and expanding its wholesale funds platform. In FY19, the company is expecting its funds from operations (FFO) per security to be between 18.0 cents to 18.2 cents. Further, the company is expecting its distribution payout ratio to be at the upper end of the target range at 95% to 100% of adjusted FFO. On the stock performance front, the company’s stock price decreased by 1.95% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of Vicinity Centres is trading at a price of $2.510, with a market capitalisation of circa $9.54 billion as on 3rd May 2019. Cromwell Property Group (ASX: CMW) Real estate investment manager, Cromwell Property Group (ASX: CMW) recently approached to the Board of RDI and made a proposal to acquire entire issued and to be issued ordinary share capital of RDI, however, RDI Board considered the proposal to undervalue the company and its prospects due to which it decided not to support a further period of due diligence. In the first half of FY2019, the company reported a statutory profit of $111.1 million, up 37.5% on pcp. On the stock performance front, the company’s stock price increased by 12.06% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of Cromwell Property Group is trading at a price of $1.140, with a market capitalization of circa $2.52 billion as on 3rd May 2019.

The housing prices in Australia has witnessed a substantial decline in the recent past, which is why the investors are very keen to know how the real estate stocks are performing on ASX. Let’s take a closer look at some of the Real Estate Stocks that are trading on ASX.

GPT Group (ASX: GPT)

Australia’s leading diversified property company, GPT Group (ASX: GPT) is a leading owner, manager and developer of retail assets in Australia. During the 2019 March quarter, the group undertook a US$400 Mn (A$559 Mn) US Private Placement (USPP) debt issuance, the settlement of which is expected to occur on 25th July 2019.

In FY2019, the company is expecting to achieve a growth of 4% for both funds from operations per security and distributions per security, in line with the 2019 guidance.

On the stock performance front, the company’s stock price increased by 11.42% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of GPT Group is trading at a price of $5.705, with a market capitalisation of circa $10.22 billion as on 3rd May 2019.

Lendlease Group (ASX: LLC)

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Australia’s leading international property and infrastructure firm, Lendlease Group (ASX: LLC) has been recently served with a representative proceeding filed in the Supreme Court of NSW (New South Wales) by Maurice Blackburn on behalf of securityholders who bought Lendlease’s stapled securities or American Depositary Receipts in the period November 17, 2017 to November 8, 2018. For the six months ended 31 December 2019, the company reported revenue of $7,761.7 million, down by 10.7% on pcp. Further, the company reported a net profit of $15.7 million, down by 96.3% on pcp.

On the stock performance front, the company’s stock price decreased by 22.46% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of Lendlease Group is trading at a price of $13.490, with a market capitalisation of circa $7.54 billion as on 3rd May 2019.

Vicinity Centres (ASX: VCX)

Australia’s leading retail property group, Vicinity Centres (ASX: VCX) has witnessed an active start to 2019, with its new strategy of creating market-leading destinations, realising mixed-use opportunities across its portfolio and expanding its wholesale funds platform. In FY19, the company is expecting its funds from operations (FFO) per security to be between 18.0 cents to 18.2 cents. Further, the company is expecting its distribution payout ratio to be at the upper end of the target range at 95% to 100% of adjusted FFO.

On the stock performance front, the company’s stock price decreased by 1.95% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of Vicinity Centres is trading at a price of $2.510, with a market capitalisation of circa $9.54 billion as on 3rd May 2019.

Cromwell Property Group (ASX: CMW)

Real estate investment manager, Cromwell Property Group (ASX: CMW) recently approached to the Board of RDI and made a proposal to acquire entire issued and to be issued ordinary share capital of RDI, however, RDI Board considered the proposal to undervalue the company and its prospects due to which it decided not to support a further period of due diligence.

In the first half of FY2019, the company reported a statutory profit of $111.1 million, up 37.5% on pcp.

On the stock performance front, the company’s stock price increased by 12.06% in the past six months. At the time of writing (3 April 2019, AEST 12:53 PM), the stock of Cromwell Property Group is trading at a price of $1.140, with a market capitalization of circa $2.52 billion as on 3rd May 2019.


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