Cedar Woods Properties Ltd
ASX:CWP

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Cedar Woods Properties Ltd Logo
Cedar Woods Properties Ltd
ASX:CWP
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Price: 8.39 AUD -0.47% Market Closed
Market Cap: 713.8m AUD

Cedar Woods Properties Ltd
Investor Relations

Cedar Woods Properties Ltd. engages in property investment and development. The company is headquartered in Perth, Western Australia and currently employs 93 full-time employees. The firm's principal interests are in urban land subdivision and built form development for residential, commercial and retail purposes. Its diversified product mix ranges from land subdivisions in residential communities, to medium and high-density apartments and townhouses in inner-city neighborhoods and supporting retail and commercial developments. Its portfolio of assets is located in Western Australia, Victoria, Queensland and South Australia. The firm's projects include The Brook at Byford, The Rivergums at Baldivis, Byford on the Scarp, Harrisdale Green, Banbury Village, Jackson Green, Williams Landing Residential, Williams Landing Town Centre, Ellendale, Greville and Bushmead. Its subsidiaries include Cedar Woods Properties Harrisdale Pty Ltd, Cedar Woods Properties Investments Pty Ltd, Cedar Woods Properties Management Pty Ltd and Cedar Woods Property Sales Pty Ltd.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Feb 19, 2025
AI Summary
Q2 2025

Strong Profit Growth: Cedar Woods reported net profit after tax of $15 million, with earnings per share up 468% to $0.182, and revenue up 59% to $196 million.

Record Presales: The company achieved record presales of $642 million, up from $525 million a year ago, providing good visibility for future settlements and revenue.

Dividend Increase: Interim dividend was increased by 25% to $0.10 per share, fully franked.

Guidance Upgraded: Management upgraded FY '25 guidance, now targeting at least 10% NPAT growth and anticipating further growth in FY '26.

Market Conditions: Demand remains strong across most states except Victoria, with the national housing shortfall and recent interest rate cut expected to support ongoing demand.

Diversification & Partnerships: Continued focus on diversification by geography and product, with expanded joint ventures with QIC and Tokyo Gas to access larger projects and smooth earnings.

Margin Stability: Gross margin held steady at 26%, with price growth stabilizing after a period of strong gains, especially in WA.

Key Financials
Net Profit After Tax
$15 million
Revenue
$196 million
Earnings Per Share
$0.182
Interim Dividend
$0.10 per share fully franked
Presales
$642 million
Gross Margin
26%
Total Assets
$779 million
Net Bank Debt
$185 million
Gearing (Net Bank Debt / Total Tangible Assets less Cash)
24%
Gearing (Net Bank Debt / Equity)
40%
Interest Cover
6.2x
Settlements
479
Net Sales Contracted
654 lots
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. William George Hames B Arch (Hons), FAPI, LFRAIA, MCU (Harvard), MPIA
Founder & Chairman
No Bio Available
Mr. Nathan John Blackburne AMP, BB, GAID
MD & Executive Director
No Bio Available
Mr. Leon M. Hanrahan
Chief Financial Officer
No Bio Available
Mr. Patrick J. Archer
Chief Operating Officer
No Bio Available
Mr. Jimmy Lee
Chief Information Officer
No Bio Available
Mr. Brendan Gorringe
National Acquisitions Manager
No Bio Available
Mr. Paul Samuel Freedman B.Sc., C.A., GAICD
Company Secretary
No Bio Available
Ben G. Rosser
State Manager of Western Australia
No Bio Available

Contacts

Address
WESTERN AUSTRALIA
Perth
Ground Floor, 50 Colin St, West Perth
Contacts