Carindale Property Trust
Westfield Carindale is situated in an affluent quarter of Brisbane's south eastern suburbs approximately 12 kilometres from the CBD. The centre currently services a trade area population of over 738,000, and has a total accessible market of 1.4 million residents with the nearby Gateway Motorway offering convenient access to the centre. One of the city's leading retail and lifestyle destinations, … Read more
Carindale Property Trust (CDP) - Net Assets
Latest net assets as of June 2025: AU$561.02 Million AUD
Based on the latest financial reports, Carindale Property Trust (CDP) has net assets worth AU$561.02 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$793.33 Million) and total liabilities (AU$232.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$561.02 Million |
| % of Total Assets | 70.72% |
| Annual Growth Rate | 4.21% |
| 5-Year Change | 20.3% |
| 10-Year Change | 1.12% |
| Growth Volatility | 8.94 |
Carindale Property Trust - Net Assets Trend (1998–2025)
This chart illustrates how Carindale Property Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Carindale Property Trust (1998–2025)
The table below shows the annual net assets of Carindale Property Trust from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$561.02 Million | +5.92% |
| 2024-06-30 | AU$529.68 Million | +0.24% |
| 2023-06-30 | AU$528.42 Million | +0.34% |
| 2022-06-30 | AU$526.65 Million | +12.93% |
| 2021-06-30 | AU$466.34 Million | +5.26% |
| 2020-06-30 | AU$443.02 Million | -21.37% |
| 2019-06-30 | AU$563.40 Million | -1.13% |
| 2018-06-30 | AU$569.84 Million | -0.20% |
| 2017-06-30 | AU$570.99 Million | +2.91% |
| 2016-06-30 | AU$554.83 Million | +4.12% |
| 2015-06-30 | AU$532.89 Million | +6.21% |
| 2014-06-30 | AU$501.73 Million | +11.10% |
| 2013-06-30 | AU$451.59 Million | +1.12% |
| 2012-06-30 | AU$446.60 Million | +15.11% |
| 2011-06-30 | AU$387.97 Million | -0.02% |
| 2010-06-30 | AU$388.05 Million | -0.11% |
| 2009-06-30 | AU$388.48 Million | -1.61% |
| 2008-06-30 | AU$394.85 Million | +6.60% |
| 2007-06-30 | AU$370.40 Million | +15.85% |
| 2006-06-30 | AU$319.72 Million | +26.45% |
| 2005-06-30 | AU$252.84 Million | +14.88% |
| 2004-06-30 | AU$220.09 Million | +20.06% |
| 2003-06-30 | AU$183.32 Million | 0.00% |
| 2002-06-30 | AU$183.32 Million | +0.05% |
| 2001-06-30 | AU$183.23 Million | 0.00% |
| 2000-06-30 | AU$183.23 Million | -0.46% |
| 1999-06-30 | AU$184.08 Million | -0.16% |
| 1998-06-30 | AU$184.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carindale Property Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27456500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$274.56 Million | 48.94% |
| Common Stock | AU$243.50 Million | 43.40% |
| Other Comprehensive Income | AU$42.96 Million | 7.66% |
| Total Equity | AU$561.02 Million | 100.00% |
Carindale Property Trust Competitors by Market Cap
The table below lists competitors of Carindale Property Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tatry Mountain Resorts a.s.
PR:TMR
|
$80.55 Million |
|
RideNow Group, Inc.
NASDAQ:RDNW
|
$80.55 Million |
|
Lavipharm S.A
AT:LAVI
|
$80.56 Million |
|
402490
KQ:402490
|
$80.63 Million |
|
Quantafuel ASA
PINK:QNTFF
|
$80.52 Million |
|
AMREP Corporation
NYSE:AXR
|
$80.48 Million |
|
TCPL Packaging Limited
NSE:TCPLPACK
|
$80.47 Million |
|
NEXTEEL Co., Ltd.
KO:092790
|
$80.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carindale Property Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 529,680,000 to 561,023,000, a change of 31,343,000 (5.9%).
- Net income of 39,154,000 contributed positively to equity growth.
- Dividend payments of 6,779,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,389,000.
- Other factors decreased equity by 7,421,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$39.15 Million | +6.98% |
| Dividends Paid | AU$6.78 Million | -1.21% |
| Other Comprehensive Income | AU$6.39 Million | +1.14% |
| Other Changes | AU$-7.42 Million | -1.32% |
| Total Change | AU$- | 5.92% |
Book Value vs Market Value Analysis
This analysis compares Carindale Property Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.79x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.90x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-06-30 | AU$2.86 | AU$5.43 | x |
| 1999-06-30 | AU$2.96 | AU$5.43 | x |
| 2000-06-30 | AU$2.62 | AU$5.43 | x |
| 2001-06-30 | AU$2.62 | AU$5.43 | x |
| 2002-06-30 | AU$2.62 | AU$5.43 | x |
| 2003-06-30 | AU$2.62 | AU$5.43 | x |
| 2004-06-30 | AU$3.14 | AU$5.43 | x |
| 2005-06-30 | AU$3.61 | AU$5.43 | x |
| 2006-06-30 | AU$4.57 | AU$5.43 | x |
| 2007-06-30 | AU$5.29 | AU$5.43 | x |
| 2008-06-30 | AU$5.64 | AU$5.43 | x |
| 2009-06-30 | AU$5.55 | AU$5.43 | x |
| 2010-06-30 | AU$5.54 | AU$5.43 | x |
| 2011-06-30 | AU$5.54 | AU$5.43 | x |
| 2012-06-30 | AU$6.38 | AU$5.43 | x |
| 2013-06-30 | AU$6.45 | AU$5.43 | x |
| 2014-06-30 | AU$7.17 | AU$5.43 | x |
| 2015-06-30 | AU$7.61 | AU$5.43 | x |
| 2016-06-30 | AU$7.93 | AU$5.43 | x |
| 2017-06-30 | AU$8.16 | AU$5.43 | x |
| 2018-06-30 | AU$8.14 | AU$5.43 | x |
| 2019-06-30 | AU$8.05 | AU$5.43 | x |
| 2020-06-30 | AU$6.33 | AU$5.43 | x |
| 2021-06-30 | AU$6.66 | AU$5.43 | x |
| 2022-06-30 | AU$7.36 | AU$5.43 | x |
| 2023-06-30 | AU$7.10 | AU$5.43 | x |
| 2024-06-30 | AU$6.81 | AU$5.43 | x |
| 2025-06-30 | AU$6.90 | AU$5.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carindale Property Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.58%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.41x
- Recent ROE (6.98%) is above the historical average (6.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 1.40% | 0.00% | 0.00x | 1.54x | AU$-15.86 Million |
| 1999 | 1.35% | 0.00% | 0.00x | 1.92x | AU$-15.92 Million |
| 2000 | 5.90% | 80.71% | 0.06x | 1.23x | AU$-7.52 Million |
| 2001 | 6.03% | 53.99% | 0.09x | 1.24x | AU$-7.28 Million |
| 2002 | 6.24% | 52.43% | 0.10x | 1.24x | AU$-6.89 Million |
| 2003 | 6.71% | 52.86% | 0.10x | 1.24x | AU$-6.03 Million |
| 2004 | 5.86% | 53.15% | 0.09x | 1.21x | AU$-9.11 Million |
| 2005 | 5.86% | 55.95% | 0.09x | 1.19x | AU$-10.47 Million |
| 2006 | 23.55% | 268.28% | 0.08x | 1.17x | AU$43.33 Million |
| 2007 | 18.39% | 224.06% | 0.07x | 1.15x | AU$31.08 Million |
| 2008 | 10.75% | 128.74% | 0.07x | 1.15x | AU$2.95 Million |
| 2009 | 3.14% | 35.32% | 0.08x | 1.16x | AU$-26.63 Million |
| 2010 | 4.90% | 52.11% | 0.08x | 1.16x | AU$-19.79 Million |
| 2011 | 5.00% | 53.47% | 0.07x | 1.26x | AU$-19.41 Million |
| 2012 | 17.49% | 214.81% | 0.05x | 1.51x | AU$33.43 Million |
| 2013 | 5.55% | 49.88% | 0.07x | 1.52x | AU$-20.08 Million |
| 2014 | 14.32% | 134.68% | 0.07x | 1.47x | AU$21.67 Million |
| 2015 | 10.44% | 100.29% | 0.07x | 1.45x | AU$2.36 Million |
| 2016 | 8.90% | 88.14% | 0.07x | 1.44x | AU$-6.10 Million |
| 2017 | 7.76% | 79.02% | 0.07x | 1.43x | AU$-12.80 Million |
| 2018 | 4.74% | 48.44% | 0.07x | 1.44x | AU$-29.99 Million |
| 2019 | 3.38% | 35.65% | 0.06x | 1.52x | AU$-37.29 Million |
| 2020 | -24.31% | -208.50% | 0.07x | 1.68x | AU$-152.01 Million |
| 2021 | 8.45% | 78.66% | 0.07x | 1.62x | AU$-7.22 Million |
| 2022 | 12.63% | 126.17% | 0.07x | 1.52x | AU$13.85 Million |
| 2023 | 1.52% | 14.62% | 0.07x | 1.49x | AU$-44.82 Million |
| 2024 | 1.44% | 13.17% | 0.07x | 1.46x | AU$-45.34 Million |
| 2025 | 6.98% | 63.58% | 0.08x | 1.41x | AU$-16.95 Million |
Industry Comparison
This section compares Carindale Property Trust's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $891,470,333
- Average return on equity (ROE) among peers: 7.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carindale Property Trust (CDP) | AU$561.02 Million | 1.40% | 0.41x | $80.54 Million |
| Charter Hall Retail REIT (CQR) | $117.24 Million | 0.65% | 0.64x | $1.08 Billion |
| Dexus Convenience Retail REIT (DXC) | $453.27 Million | 16.29% | 0.43x | $210.31 Million |
| Region Group (RGN) | $2.10 Billion | 5.21% | 0.60x | $1.50 Billion |