5 High Dividend Paying Real Estate Players On ASX: MGR, SCG, DXS, SGP, GPT

  • Dec 24, 2019 AEDT
  • Team Kalkine
5 High Dividend Paying Real Estate Players On ASX: MGR, SCG, DXS, SGP, GPT

As the housing market plays a crucial role in the Australian economy, residential property prices are of significant interest to policy makers, researchers as well as market analysts for various economic & social purposes. The Residential Property Price indexes act as a macroeconomic indicator for residential property price inflation, while aiding the accumulation of non-financial assets element of the Household Balance Sheet in the Australian System of National Accounts.

The Residential Property Price Index publication comprises of the Residential Property Price Index, the Established House Price Index along with the Attached Dwellings Price Index, which together provides a quarterly report of any changes in the price of stocks of established detached houses as well as attached dwellings over the period.

S&P/ASX200 A-REIT (Sector) delivered a YTD return of 16.56%, while S&P/ASX200 has given a YTD return of 20.17%, as on 23 December 2019. On 24 December 2019, S&P/ASX200 A-REIT (Sector) inched upward by 0.4% and closed at 1,609.4 as compared to its previous close. S&P/ASX 200 also moved up by 0.13% and settling the day at 6,794.2.

In this article, we are discussing 5 ASX-listed players operating in the real estate sector with a history of paying high dividends to their shareholders.

Mirvac Group (ASX: MGR)

Mirvac Group (ASX: MGR) is a leading, diversified property group in Australia, holding an integrated development as well as asset management expertise. The company has 45 years’ experience in the property industry, in addition to an unparalleled status for delivering excellent products and services across its businesses.

The company in the past 5 years have consistently provided its shareholders with dividends. For FY2019 ended 30 June 2019, the company reported following results:

· Operating profit increased by 4% to $631 mn as compared to the previous corresponding period.

· Achieved a Group Return on Invested Capital of 10.1%.

· FY2019 DPS grew up by 5% to 11.6 cpss.

Scentre Group (ASX: SCG)

SCG, which owns as well as operates the pre-eminent living centre portfolio in ANZ (Australia and New Zealand), has retail real estate AUM valued at $55.3 bn. Moreover, the company has shopping centre ownership interests priced at $39.7 bn.

Scentre Group has consistently provided its shareholders with dividends. The company in 1H FY2019 which ended 30 June 2019 reported a 1.6% growth in its revenue to ~ $1.303 mn. However, PAT attributable to members of SCG declined by 49.4% to $0.740 mn. The company paid a dividend of $0.113 per share for the reported six-month period.

Dexus (ASX: DXS)

Dexus (ASX: DXS) is one of the leading real estate groups in Australia that manages high quality property portfolio valued at $31.8 bn as at 30 June 2019. A consistent dividend payer, Dexus, on 13 December 2019, declared its distribution for 1H FY2020 ending 31 December 2019 of 27 cents per stapled security. The amount announced is in line with the previous corresponding period.

· In FY2019, which ended 30 June 2019, Dexus reported an increase of 5.5% in Adjusted Funds from Operations (AFFO) per security on pcp.

· Distribution per security grew by 5% year on year to 50.2 cents.

· Net profit after tax declined by 25.9% to $1.28 bn, as a result of net revaluation gains of investment properties being smaller than those recognised in FY2018.

Stockland (ASX: SGP)

Stockland (ASX: SGP) was founded in the year 1952, and since then the company has grown to become one of the largest diversified property groups in Australia. It owns, develops as well as manages a huge portfolio of shopping centres, residential communities, workplace and logistic assets as well as retirement living villages.

Recently on 17 December 2019, the company announced an estimated distribution of 13.5 cents per ordinary stapled security for 1H FY2020 ending 31 December 2019. For the 12 months to 30 June 2020, the company expects to deliver 27.6 cents per ordinary stapled security in distributions.

Highlights for FY2019 (period ended 30 June 2019):

· SGP reported an increase of 4% in funds from operations to $897 mn as compared to FY2018.

· Funds from operations per security went up by 5.1% to 37.4 cents.

· Adjusted funds from operations (AFFO) grew by 3.3% to $780 mn and AFFO per share increased by 4.2% to 32.5 cents on pcp.

· Statutory profit declined by 69.6% to $311 mn on FY2018.

· Distribution per security (DPS) soared by 4.2% to 27.6 cents.

GPT Group (ASX: GPT)

A top 50 ASX listed company by market cap, GPT Group (ASX: GPT) is one of the largest diversified property groups in Australia, owning and managing a property portfolio valued at $24.8 bn across the country.

GPT Group since 2015 has consistently provided its shareholders with dividends. For 6 months to 31 December 2019, the company has announced an estimated distribution of 13.37 cents per ordinary stapled security. However, the Distribution Reinvestment Plan will not be in operation for this distribution.

Highlights for 1H FY2019 which ended 30 June 2019:

· GPT reported a decline of 51.6% in net profit after tax to $352.6 mn due to lower revaluation gains during the period.

· The funds from operations for the period were noted at $295.9 mn. This resulted in a 2% growth in FFO per security.

· Distribution per security increased by 4% year on year to 13.11 cents.

Stock Price Information – Below table covers the share price and performance of the above-mentioned real estate sector players on 24 December 2019 on the ASX.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

· Operating profit increased by 4% to $631 mn as compared to the previous corresponding period.

· Achieved a Group Return on Invested Capital of 10.1%.

· FY2019 DPS grew up by 5% to 11.6 cpss.

Scentre Group (ASX: SCG)

SCG, which owns as well as operates the pre-eminent living centre portfolio in ANZ (Australia and New Zealand), has retail real estate AUM valued at $55.3 bn. Moreover, the company has shopping centre ownership interests priced at $39.7 bn.

Scentre Group has consistently provided its shareholders with dividends. The company in 1H FY2019 which ended 30 June 2019 reported a 1.6% growth in its revenue to ~ $1.303 mn. However, PAT attributable to members of SCG declined by 49.4% to $0.740 mn. The company paid a dividend of $0.113 per share for the reported six-month period.

Dexus (ASX: DXS)

Dexus (ASX: DXS) is one of the leading real estate groups in Australia that manages high quality property portfolio valued at $31.8 bn as at 30 June 2019. A consistent dividend payer, Dexus, on 13 December 2019, declared its distribution for 1H FY2020 ending 31 December 2019 of 27 cents per stapled security. The amount announced is in line with the previous corresponding period.

· In FY2019, which ended 30 June 2019, Dexus reported an increase of 5.5% in Adjusted Funds from Operations (AFFO) per security on pcp.

· Distribution per security grew by 5% year on year to 50.2 cents.

· Net profit after tax declined by 25.9% to $1.28 bn, as a result of net revaluation gains of investment properties being smaller than those recognised in FY2018.

Stockland (ASX: SGP)

Stockland (ASX: SGP) was founded in the year 1952, and since then the company has grown to become one of the largest diversified property groups in Australia. It owns, develops as well as manages a huge portfolio of shopping centres, residential communities, workplace and logistic assets as well as retirement living villages.

Recently on 17 December 2019, the company announced an estimated distribution of 13.5 cents per ordinary stapled security for 1H FY2020 ending 31 December 2019. For the 12 months to 30 June 2020, the company expects to deliver 27.6 cents per ordinary stapled security in distributions.

Highlights for FY2019 (period ended 30 June 2019):

· SGP reported an increase of 4% in funds from operations to $897 mn as compared to FY2018.

· Funds from operations per security went up by 5.1% to 37.4 cents.

· Adjusted funds from operations (AFFO) grew by 3.3% to $780 mn and AFFO per share increased by 4.2% to 32.5 cents on pcp.

· Statutory profit declined by 69.6% to $311 mn on FY2018.

· Distribution per security (DPS) soared by 4.2% to 27.6 cents.

GPT Group (ASX: GPT)

A top 50 ASX listed company by market cap, GPT Group (ASX: GPT) is one of the largest diversified property groups in Australia, owning and managing a property portfolio valued at $24.8 bn across the country.

GPT Group since 2015 has consistently provided its shareholders with dividends. For 6 months to 31 December 2019, the company has announced an estimated distribution of 13.37 cents per ordinary stapled security. However, the Distribution Reinvestment Plan will not be in operation for this distribution.

Highlights for 1H FY2019 which ended 30 June 2019:

· GPT reported a decline of 51.6% in net profit after tax to $352.6 mn due to lower revaluation gains during the period.

· The funds from operations for the period were noted at $295.9 mn. This resulted in a 2% growth in FFO per security.

· Distribution per security increased by 4% year on year to 13.11 cents.

Stock Price Information – Below table covers the share price and performance of the above-mentioned real estate sector players on 24 December 2019 on the ASX.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

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