How do these 3 Real Estate stocks look - LLC, DXS, PPC?

  • Mar 31, 2019 AEDT
  • Team Kalkine
How do these 3 Real Estate stocks look - LLC, DXS, PPC?

How do these 3 Real Estate stocks look - LLC, DXS, PPC?

Lendlease Group

Lendlease Group (ASX: LLC) is known as a global leader in property and infrastructure market. The company is based in Sydney, Australia, and has around 13,000 employees throughout operations in Australian and other regions of the world.

In its half-year results for the period ended 31 December 2018, the company recorded a profit after tax at $106,395,000 (December 2017: $111,246,000). During the period, there were various activities carried out by the company. There was partial disposal of units in Lendlease One International Towers Sydney Trust for ~$210 million. On 12 March 2019, the company had declared a fully frank dividend of AUD 0.12, which had an ex-date of 1 March 2019, and the payment’s due date was mentioned as 20 March 2019.

The stock of the company last traded at A$12.380 (as on 29 March 2019), up by 0.9% from its previous close. It has a market capitalization of A$6.92 billion with 564.13 million shares outstanding. The stock has given a return of 4.60 % in the last 3 months and 10.44 % return in YTD.

Dexus

Dexus, formerly known as Dexus property Group (ASX: DXS) is a Real Estate Investment Trust in the Australian region. The company runs and invests in the good quality of offices and industrial properties throughout the Australian region on behalf of third-party capital partners.

In its half-year report ending 31 December 2018, the company recorded its net profit after tax standing at $726.4 million, a decline of $270.7 million from the same period last year. The decrease in net profit was determined by net revaluation gains of investment properties of $456.5 million, standing at $273.7 million lesser than the same period last year. Funds from Operations had risen by $31.5 million

The stock of the company closed 0.24% at A$12.740 (as on 29 March 2019). It has a market capitalization of A$12.99 billion with 1.02 billion shares outstanding. The stock has consistently been performing well, which had been reflected in its return of 37.76% in the last 1 year and 20.93% return in the last 6 months.

Peet Limited

Peet Limited (ASX: PPC) is among the Australia’s leading developer of residential properties which is engaged in the creation of apartments, medium density housing etc. for the homebuyers throughout the nation. The foundation of the company was laid in 1895 and is based in Perth, Australia.

Recently, the company announced that Ellerston Capital Limited ceased to be a substantial holder of Peet Limited, effective 25 March 2019.

During its half-year ended 31 December 2018, the company recorded the operating profit and statutory profit after tax standing at $23.1 million, up by 5.6% from the previous corresponding period (pcp). The company managed to attain EBITDA of $36.3 million, compared to $41.7 million in the pcp. There were a total number of 1,804 contracts in the company’s hand as on 31 December 2018, with a gross value of $456 million. Subsequent to period ended 31 December 2018, the company had declared an interim dividend of 2.0 cents per share, a fully franked, in respect of the year ending 30 June 2019. The payment due date is 9 April 2019 and had a record date of 22 March 2019.

The stock of the company last traded at A$1.020 (as on 29 March 2019), up by 2.51% from its previous close. It has a market capitalization of A$480.91 million with 483.33 million shares outstanding. The stock has given a negative return of 30.18% in the last 1 year. Over last one month, the stock has edged up by 4.74%.


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