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

  • May 04, 2019 AEST
  • Team Kalkine
A Quick Look At Real Estate Stocks - GPT, LLC, VCX And 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.


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.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK