CEDAR WOODS PROPERTIES LIMITED (CWP)
Share Price Analysis and Chart

15/10/2026

1

Buy

$9.60

58.42%

Bell Potter highlights that, since the FY26 reporting season, marginal funding costs have risen, as evident in rising bond yields, and while some A-REITs had reset hedge books or were cycling peak debt costs, others have catching up to do.

The broker puts through an increase of 25 basis points in its risk-free rate to 4.75% across its sector coverage.

Bell Potter retains a Buy rating for Cedar Woods Properties, noting its low-risk and high-growth scenario. Target is reduced to $9.60 from $9.80.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 44.00 cents and EPS of 88.70 cents.
Bell Potter forecasts a full year FY28 dividend of 47.00 cents and EPS of 93.50 cents.

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30/10/2026

1

Buy

$8.05

32.84%

Shaw and Partners maintains its Buy rating for Cedar Woods Properties with its target price decreased to $8.05 from $9.55 following a September quarter trading update and the reiteration of FY27 NPAT guidance of $75m.

Gross sales fell -57% versus the prior corresponding period during the quarter, reflecting fewer stage releases and restrained marketing activity.

Management expects sales activity to improve moving forward, with additional inventory releases and increased marketing planned through the balance of FY27.

Shaw adopts a more conservative earnings outlook, applying a -1% to -20% reduction to FY27 through FY29 EPS forecasts alongside a lower 10% net tangible asset valuation premium reflecting the higher interest rate environment.

The analyst considers the business well positioned to supply quality homes into the Australian housing shortage and drive solid profit growth through to FY29.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 44.00 cents and EPS of 87.30 cents.
Shaw and Partners forecasts a full year FY28 dividend of 48.00 cents and EPS of 94.80 cents.