GDI PROPERTY GROUP (GDI)
Share Price Analysis and Chart

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GDI - GDI PROPERTY GROUP

FNArena Sector : REITs

Year End: June

GICS Industry Group : Real Estate

Debt/EBITDA: 6.44

Index: ALL-ORDS

GDI Property Group is an Australian property and fund management company. It owns, manages, refurbishes and leases industrial and office properties. Founded in 1993, it became a listed company in 2013.

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.70 27 Aug 2025	-0.010 OPEN $0.71	-1.41% HIGH $0.72	2,598,474 LOW $0.70

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.70

27 Aug
2025

-0.010

OPEN

$0.71

-1.41%

HIGH

$0.72

2,598,474

LOW

$0.70

TARGET

$0.85

21.4% upside

OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY24 Actual	FY25 Actual	FY26 Forecast	FY27 Forecast
EPS (cps)	xxx	6.6	N/A	xxx
DPS (cps)	xxx	5.0	5.0	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	0.0%	0.0%	xxx
PE Ratio	xxx	N/A	N/A	xxx
Dividend Yield	xxx	N/A	7.2%	xxx
Div Pay Ratio(%)	xxx	75.8%	N/A	xxx

Dividend yield today if purchased 3 years ago: 5.56%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023	2024	2025
EPS Basic	xxx	xxx	xxx	xxx	xxx	6.6
DPS All	xxx	xxx	xxx	xxx	xxx	5.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	81.7 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	124.0
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	24.6 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	43.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023	2024	2025
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	5.37 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	3.43 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	3.08 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	5.37 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	3.96 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-29.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2020	2021	2022	2023	2024	2025
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	0 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	398 M
Total Debt	xxx	xxx	xxx	xxx	xxx	398 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	18 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	15 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	0.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023	2024	2025
Capex	xxx	xxx	xxx	xxx	xxx	21.7 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	26.58 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	27 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	10 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	1,073 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Bell Potter	26/08/2025	1	Buy	$0.85	21.43%	GDI Property's FY25 funds from operations (FFO) of 6.62c beat Bell Potter and consensus forecast of 6.4c. No specific FFO guidance was provided but DPS maintained through-cycle target of 5c. The REIT sold six dealerships that will settle in Feb 2026, with proceeds of $26m going toward reduction in group debt. Occupancy increased slightly in 2H but vacancy remained around 12%. Car parks were a standout, up 15% y/y, and revenue momentum improved in Tulla OpCo JV into FY26. The broker noted incremental improvement in the balance sheet with 34% gearing expected to reduce after Autoleague assets settlement. FY26 FFO forecast lifted by 5.2% and FY27 by around 17%. Buy. Target rises to 85c from 80c. FORECAST Bell Potter forecasts a full year FY26 dividend of 5.00 cents. Bell Potter forecasts a full year FY27 dividend of 5.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Bell Potter

26/08/2025

Buy

$0.85

21.43%

GDI Property's FY25 funds from operations (FFO) of 6.62c beat Bell Potter and consensus forecast of 6.4c. No specific FFO guidance was provided but DPS maintained through-cycle target of 5c.

The REIT sold six dealerships that will settle in Feb 2026, with proceeds of $26m going toward reduction in group debt. Occupancy increased slightly in 2H but vacancy remained around 12%.

Car parks were a standout, up 15% y/y, and revenue momentum improved in Tulla OpCo JV into FY26. The broker noted incremental improvement in the balance sheet with 34% gearing expected to reduce after Autoleague assets settlement.

FY26 FFO forecast lifted by 5.2% and FY27 by around 17%.

Buy. Target rises to 85c from 80c.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 5.00 cents.
Bell Potter forecasts a full year FY27 dividend of 5.00 cents.

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Moelis	27/02/2025	1	Buy	$0.97	38.57%	GDI Property's 1H25 funds from operations of 3.1cps fell short of Moelis' forecast but distribution of 2.5cps was consistent with FY25 guidance of 5cps. Net tangible assets (NTA) was unchanged at $1.19 per security as higher debt for capex and distribution offset valuation increases for the WS complex. The broker made minor changes to forecasts, resulting in a small drop in target price to 97c from 98c. Buy retained. FORECAST Moelis forecasts a full year FY26 dividend of 5.50 cents and EPS of 7.80 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

27/02/2025

Buy

$0.97

38.57%

GDI Property's 1H25 funds from operations of 3.1cps fell short of Moelis' forecast but distribution of 2.5cps was consistent with FY25 guidance of 5cps.

Net tangible assets (NTA) was unchanged at $1.19 per security as higher debt for capex and distribution offset valuation increases for the WS complex.

The broker made minor changes to forecasts, resulting in a small drop in target price to 97c from 98c. Buy retained.

FORECAST
Moelis forecasts a full year FY26 dividend of 5.50 cents and EPS of 7.80 cents.

Access Extra Coverage Research History >

GDI STOCK CHART

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Latest REITs News

1	Australian Listed Real Estate Tables – 25-08-2025 Aug 25 2025 - Weekly Reports

2	Australian Listed Real Estate Tables – 18-08-2025 Aug 18 2025 - Weekly Reports

3	Australian Listed Real Estate Tables – 11-08-2025 Aug 11 2025 - Weekly Reports

4	Australian Listed Real Estate Tables – 04-08-2025 Aug 04 2025 - Weekly Reports

5	Australian Listed Real Estate Tables – 28-07-2025 Jul 28 2025 - Weekly Reports

6	Australian Listed Real Estate Tables – 21-07-2025 Jul 21 2025 - Weekly Reports

7	Australian Listed Real Estate Tables – 14-07-2025 Jul 14 2025 - Weekly Reports

8	Australian Listed Real Estate Tables – 07-07-2025 Jul 07 2025 - Weekly Reports

9	Australian Listed Real Estate Tables – 01-07-2025 Jul 01 2025 - Weekly Reports

10	Australian Listed Real Estate Tables – 23-06-2025 Jun 23 2025 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	7.25
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

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GDI PROPERTY GROUP (GDI)
Share Price Analysis and Chart