Five ASX-listed property developers to keep on watchlist for 2022

Highlights

  • The real estate sector is one space that investors for the next year.
  • The Commonwealth Bank of Australia recently predicted that property prices could further increase in 2022.
  • GMG, DXS, GR are some of the property developers on investors’ radar.

With just one month to go for 2022, investors have already begun taking a deep look into their portfolios and reshuffling stocks. The real estate sector is one theme that investors are eying for the next year as the property market remains red hot.

ASX Property stocks

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Also, the Commonwealth Bank of Australia (ASX:CBA) recently predicted that property prices could further increase in 2022 before finally easing out in 2023. On this note, let us have a look at five ASX-listed property developers that are on investors’ radar for the next year.

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  1. Goodman Group (ASX:GMG)

Goodman Group owns and develops both residential and commercial properties in Australia. The company has a market capitalisation of AU$45.8 billion and its share price last closed at AU$24.69, delivering a year-to-date (YTD) return of 29.74%, as of 30 November 2021.

5 ASX-listed property developers to keep on watchlist for 2022

 

In Q1 FY22, the company witnessed increased customer demand, which resulted in accelerated development. The company expects an annual production rate for FY22 to average approximately AU$6.8 billion.

  1. Scentre Group Limited (ASX:SCG)

Scentre Group owns numerous shopping centres and retail stores in the country. The company has a market capitalisation of AU$15.7 billion and its share price last closed at AU$3.09, delivering a YTD return of 11.15%, as of 30 November 2021.

SCG shares are trading at an attractive dividend yield of 4.6%. The company plunged into a loss of AU$3.73 billion in FY21, from the net profit of AU$2.16 billion in FY20. This seems to be a temporary hinderance as COVID-19-induced restrictions vastly affected the shopping activities, which are expected to pick up steam as the country gradually returns to normalcy.

  1. Dexus Property Group (ASX:DXS)

Dexus Property is a AU$11.6 billion real estate investment trust that manages a portfolio of properties worth AU$42.5 billion. The company clocked a revenue of AU$1.02 billion and a net profit of AU$1.14 billion in FY21, compared to AU$0.97 billion net profit in FY20.

DXS shares have rallied 18.7% this year, last closing at AU$11.17 on 30 November 2021. Recently, the company sold its property 383-395 Kent Street, Sydney, realising a total of AU$385 million in proceeds, which will help the company to repay its debt.

  1. Mirvac Group (ASX:MGR)

Founded in 1972, Mirvac Group has a niche in developing and investing in urban spaces, offices, homes etc. The group has risen to a market capitalisation of AU$11.43 billion this year, owing to an increase in its net profit for FY21 to AU$0.9 billion, from AU$0.56 billion in FY20.

The MGR share price has delivered a stable return of7.92% in 2021 to date (as of 30 November 2021) and is currently trading at a dividend yield of 3.46%, which is also an attraction for dividend lovers.   

  1. Stockland Corporation Limited (ASX:SGP)

The last name on our list, Stockland is a Sydney-based diversified property development company with its portfolio packed with shopping centres, retirement villages, housing estates etc. The company has a market capitalisation of AU$10.3 billion. FY21 has turned out to be a good year for Stockland as it significantly bumped up its net profit to AU$1.11 billion this year, compared to a net loss of AU$0.02 billion in FY20.

SGP shares have been almost flat for the year, delivering a 2.1% YTD return as of 30 November 2021. However, the shares are trading at a lucrative dividend yield of 5.63%.

Read More: Aussie house sellers gear up for record auctions this weekend

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