- Servcorp Anton Clowes resigned from his position as CFO
- Dexus announced Mercer Alternatives as a cornerstone investor in DREP1
- CSR sold 4.6 hectares of land in Badgerys Creek
The broader market
The ASX200 closed today at 7,268.30 points, finishing up 1.14% or 81.60 points. That makes it a 2.55% gain over the last five days, but down 2.37% for the last year to date.
Top-performing ASX listed real estate company shares: 9 February 2021
| Company | Code | Price ($) | Change (%) |
| Unibail-Rodamco-Westfield | URW | 5.16 | +3.82 |
| AVJennings | AVJ | 0.58 | +3.57 |
| REA Group | REA | 141.25 | +3.38 |
| Domain | DHG | 4.85 | +2.97 |
| GDI Property | GDI | 1.065 | +2.90 |
Source: ASX
In addition to the top performers, the bottom five (from fifth lowest to lowest) were:
Least-performing ASX listed real estate company shares: 9 February 2021
| Company | Code | Price ($) | Change (%) |
| Cedar Woods | CWP | 5.18 | -0.96 |
| Qualitas | QRI | 1.57 | -1.26 |
| Elanor Retail Property Fund | ERF | 1.09 | -1.80 |
| Servcorp | SRV | 3.56 | -3.00 |
| HomeCo | HMC | 6.30 | -3.08 |
Source: ASX
The movement
Aside from the half-yearly and quarterly results that came in so far, the first piece of news for the week came from Servcorp (ASX: SRV), the company’s CFO, Anton Clowes, announced his resignation, with his final date being 23 February 2022.
On Tuesday, Dexus announced Mercer Alternatives as a cornerstone investor in Dexus Real Estate Partnership 1 (DREP1).
Mercer Alternatives is a division of Mercer, one of the world’s largest investment consultants, with $380 billion USD under management. Mercer Alternatives has committed $100 million, which increases DREP1’s total equity capital commitments to circa $265 million.
Today, CSR Limited (ASX: CSR) announced the sale of 4.6 hectares of Badgerys Creek land in New South Wales. The plot of land went for $20.7 million, or $450 per square metre.
The 4.6 hectares was located on the outer edge of CSR’s 200 hectare site adjacent to the new Western Sydney Aiport.
Centuria Capital Group (ASX: CNI) announced, in conjunction with joint venture partner Digital Infratech, a proposed $250 million health, education and community precinct at Cudgen in New South Wales.
The proposed precinct, called Cudgen Connection, is intended to provide a new university campus, aged care facilities, essential worker housing, private hospital, medi-hotel, specialist and allied healthcare, rehab pool, gym, community hub, farmers’ market, eateries and an amphitheatre set in parklands on 5.7 hectares adjacent to the NSW Government’s Tweed Valley Hospital and near Kingscliff TAFE.
Finally, Auctus (ASX: AVC) announced 1,415,071 fully paid ordinary shares will be released from escrow on 17 February 2022.
The week, so far, saw half-yearly reports from SCA Property Group (ASX: SCA), Charter Hall Long WALE REIT (ASX: CLW), Dexus Convenience Retail REIT (ASX: DXC), WOTSO (ASX: WOT), BWP Trust (ASX: BWP), Centuria Capital (ASX: CNI), and Dexus Industria (ASX: DXI).
| Company | ASX Code | Revenue from ordinary activities | Variance | Profit | Variance |
| SCA Property Group | SCA | $172.8 million | +25.2% | $432.4 million* | +320.2% |
| Charter Hall Long WALE REIT | CLW | $108.984 million | +46% | $589.556 million** | +196.9% |
| Dexus Convenience Retail REIT | DXC | $27.267 million | +37.5% | $39.979 million* | +90% |
| WOTSO | WOT | $25.573 million | +39% | $3.46 million*** | (38%) |
| BWP Trust | BWP | $75.864 million | <(1%) | $348.282 million*** | +142% |
| Centuria Capital | CNI | $139.386 million | +26% | $58.712 million** | +73% |
| Dexus Industria REIT | DXI | $37.181 million | +17% | $113.697 million* | +257% |
* Net profit from ordinary activities after tax attributable to members.
** Profit from ordinary activities after tax attributable to members.
*** Profit from ordinary activities attributable to securityholders.
Meetings and distributions
Upcoming AGM’s announced:
| Company | Code | Date |
| Faster Enterprises | FE8 | Wednesday, 9 March 2022 |
Distributions/Dividends announced:
| Company | Code | Amount |
| WOTSO | WOT | $0.03 |
| Scentre Group | SCG | $0.0725 |
