GDI PROPERTY GROUP (GDI)
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GDI

GDI - GDI PROPERTY GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 5.72
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

$0.655

27 Aug
2026

-0.005

OPEN

$0.66

-0.76%

HIGH

$0.66

823,546

LOW

$0.66

TARGET
$0.80 22.1% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . HCW . HDN . PLG . REP . RFF . RGN . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
GDI: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 6.4 8.4 xxx
DPS (cps) xxx 5.0 5.0 xxx
EPS Growth xxx - 2.9% 31.0% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 7.6% xxx
Div Pay Ratio(%) xxx 78.0% 59.5% xxx

Dividend yield today if purchased 3 years ago: 7.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.58

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
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: 29/06 - (franking ex-div 2.50c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx76.5 M
Book Value Per Share xxxxxxxxxxxxxxx125.2
Net Operating Cash Flow xxxxxxxxxxxxxxx21.6 M
Net Profit Margin xxxxxxxxxxxxxxx45.21 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx5.15 %
Return on Invested Capital xxxxxxxxxxxxxxx3.32 %
Return on Assets xxxxxxxxxxxxxxx3.06 %
Return on Equity xxxxxxxxxxxxxxx5.15 %
Return on Total Capital xxxxxxxxxxxxxxx3.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-40.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx343 M
Total Debt xxxxxxxxxxxxxxx354 M
Goodwill - Gross xxxxxxxxxxxxxxx18 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx10 M
Price To Book Value xxxxxxxxxxxxxxx0.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx10.0 M
Capex % of Sales xxxxxxxxxxxxxxx13.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx26 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx10 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx964 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

25/08/2026

1

Buy

$0.80

22.14%

Bell Potter maintains its Buy recommendation for GDI Property with an unchanged target price of $0.80 following an FY26 result featuring funds from operations per share of 8.2c, which exceeded the broker's estimates by 6%.

The company announced an on-market share buyback of up to 5% of issued securities funded through existing liquidity and non-core asset sale proceeds, which the broker notes will be highly accretive to asset backing given the trading discount to net tangible assets.

The broker's estimates indicate that FY27 to FY29 FFO forecasts increase by 1%-3% to reflect updated interest rate outlooks, half-year actuals, and incoming performance fees from the remaining Autoleague asset settlements.

The analyst highlights that improving portfolio occupancy and positive leasing outcomes in the Perth CBD office market provide solid operational support alongside a reiterated through-cycle annual distribution target of 5.0c.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 5.00 cents and EPS of 8.40 cents.
Bell Potter forecasts a full year FY28 dividend of 5.00 cents and EPS of 9.90 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

26/08/2026

1

Buy

$0.96

46.56%

Moelis maintains its Buy recommendation for GDI Property with its target price unchanged at $0.96 following an FY26 result featuring a 25% increase in funds from operations per share.

The core office portfolio is now approximately 97% leased, supported by strong performance from major assets such as Westralia Square and 197 St Georges Terrace.

The broker's estimates indicate that FY27-FY29 EPS forecasts have been revised to 8.2c, 8.4c, and 8.9c respectively, reflecting more conservative assumptions regarding market rents and fees.

The investment thesis highlights an attractive 7.8% cash-covered dividend yield and a discounted net tangible asset backing as the Perth CBD office market benefits from a lack of new supply prior to 2030.

FORECAST
Moelis forecasts a full year FY27 dividend of 5.00 cents and EPS of 8.40 cents.
Moelis forecasts a full year FY28 dividend of 5.00 cents and EPS of 8.90 cents.
Access Extra Coverage Research History >

GDI STOCK CHART

FNArena News on GDI

1
Next Week At A Glance – 31 Aug – 4 Sep 2026

Aug 28 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 26, 2026

Aug 26 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 25-08-2026

Aug 25 2026 - Australia
4
Australian Broker Call *Extra* Edition – Jun 05, 2026

Jun 05 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Mar 02, 2026

Mar 02 2026 - Daily Market Reports

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