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 nearly 700,000, 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, Westfield Carindale is home to many of Australia’s most well-known retailers including David Jones, Myer, Big W, Target, Coles, Woolworths, ALDI and Apple, as well as a host of premium fashion brands. An Event Cinemas complex and a range of other retailers including approximately 380 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail.
Metrics to compare | CDP | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipCDPPeersSector | |
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P/E Ratio | 49.8x | 16.2x | 7.4x | |
PEG Ratio | −5.46 | 0.03 | 0.01 | |
Price/Book | 0.7x | 0.8x | 0.9x | |
Price / LTM Sales | 6.6x | 5.3x | 4.0x | |
Upside (Analyst Target) | 27.4% | 10.5% | 15.9% | |
Fair Value Upside | Unlock | −9.1% | 0.3% | Unlock |