top-ten-companies-by-profit-hy22-feature
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  • Goodman Group took top spot for profit
  • Shopping centres appear in top ten for both profit, and profit increase
  • Top fives include a diverse set of companies

As the half-year reports continue to roll in, we’ve compiled the company profits, as derived from Appendix 4D; there are some exceptions including Scentre Group, from which the full year was released to market with results taken from Appendix 4E.

The below lists are not produced for the purposes of providing an accurate comparison of companies. It should be treated as an interesting thought exercise to be considered with and alongside other information including industry trends, directors’ reports, and more.

Companies with a considerable number of assets will have seen larger profits. This is because the below figures will include (in most cases) property revaluations. This will therefore heavily skew numbers in favour of companies with assets, as compared to real estate agents, technology, developers, and other companies.

While technology companies like Proptech Group may be performing excellently, that will not necessarily be reflected in the below lists given the data set chosen.

Other factors that will influence the below lists include the rounding of figures, how companies operate, how companies calculate profit, recent IPOs, or recent company acquisitions or mergers.

Readers are encouraged to sight the relevant directors’ reports for additional information regarding company performance, and carefully consider percentage changes: after all, the magnitude of change from a few hundred thousand to several million will be very different to tens of millions on top of hundreds of millions.

Top ten by HY22 profit

The top ten is an incredibly diverse group of companies, with encouraging signs for the retail sector. While large format retail emerged as the strongest performing sub-sector of retail, several shopping centre companies including Scentre (Westfield), Vicinity, SCA Property and Charter Hall Retail REIT appeared in the top ten.

Company ASX Code  Profit HY22  Profit HY21 Movement
Goodman Group GMG  $    2,002,800,000.00  $  1,041,500,000.00 92.30%
Scentre Group SCG  $       887,900,000.00 -$  3,731,800,000.00 123.80%
Stockland SGP  $       850,000,000.00  $      339,000,000.00 150.74%
Dexus DXS  $       803,200,000.00  $      441,300,000.00 82.00%
Vicinity Centres VCX  $       650,200,000.00 -$     394,100,000.00 265.00%
Charter Hall Long WALE REIT CLW  $       589,556,000.00  $      198,592,000.00 196.90%
Mirvac MGR  $       565,000,000.00  $      392,000,000.00 44.00%
SCA Property SCP  $       432,400,000.00  $      102,900,000.00 320.20%
Growthpoint Properties Australia GOZ  $       374,300,000.00  $      205,800,000.00 81.90%
Charter Hall Retail REIT CQR  $       368,600,000.00  $        82,800,000.00 345.20%

Top ten by HY22 profit increase

Again a diverse field, industrial property took out ninth and tenth spots, and four players in the retail space were in the mix. Large format retail, one of the stand out successes and sub-trends in the retail sector, took top spot, the accolade went to HomeCo Daily Needs REIT.

Company ASX Code  Profit HY22  Profit HY21 Movement
HomeCo Daily Needs REIT HDN  $       120,600,000.00 -$        22,200,000.00 643.20%
GDI Property Group GDI  $          37,874,000.00  $           5,811,000.00 551.80%
Garda Diversified Property Fund GDF  $          64,739,000.00  $        10,440,000.00 520.10%
Charter Hall Retail REIT CQR  $       368,600,000.00  $        82,800,000.00 345.20%
SCA Property SCP  $       432,400,000.00  $      102,900,000.00 320.20%
Hotel Properties Investments HPI  $       120,100,000.00  $        29,887,000.00 301.85%
Vicinity Centres VCX  $       650,200,000.00 -$     394,100,000.00 265.00%
Charter Hall Social Infrastructure REIT CQE  $       207,700,000.00  $        57,300,000.00 262.50%
Dexus Industria REIT DXI  $       113,697,000.00  $        31,850,000.00 257.00%
Centuria Industrial REIT CIP  $       308,081,000.00  $        99,558,000.00 209.45%

Full list by HY22 profit

Company ASX Code  Profit HY22  Profit HY21 Movement
Goodman Group GMG  $    2,002,800,000.00  $  1,041,500,000.00 92.30%
Scentre Group SCG  $       887,900,000.00 -$  3,731,800,000.00 123.80%
Stockland SGP  $       850,000,000.00  $      339,000,000.00 150.74%
Dexus DXS  $       803,200,000.00  $      441,300,000.00 82.00%
Vicinity Centres VCX  $       650,200,000.00 -$     394,100,000.00 265.00%
Charter Hall Long WALE REIT CLW  $       589,556,000.00  $      198,592,000.00 196.90%
Mirvac MGR  $       565,000,000.00  $      392,000,000.00 44.00%
SCA Property SCP  $       432,400,000.00  $      102,900,000.00 320.20%
Growthpoint Properties Australia GOZ  $       374,300,000.00  $      205,800,000.00 81.90%
Charter Hall Retail REIT CQR  $       368,600,000.00  $        82,800,000.00 345.20%
BWP Trust BWP  $       348,282,000.00  $      143,976,000.00 142.00%
Abacus Group ABP  $       314,800,000.00  $      151,800,000.00 107.00%
Centuria Industrial REIT CIP  $       308,081,000.00  $        99,558,000.00 209.45%
Aventus Group AVN  $       282,200,000.00  $      103,400,000.00 172.90%
REA Group REA  $       225,800,000.00  $      172,100,000.00 31.00%
Charter Hall Social Infrastructure REIT CQE  $       207,700,000.00  $        57,300,000.00 262.50%
Arena REIT ARF  $       185,796,000.00  $        61,134,000.00 204.00%
HomeCo Daily Needs REIT HDN  $       120,600,000.00 -$        22,200,000.00 643.20%
Hotel Properties Investments HPI  $       120,100,000.00  $        29,887,000.00 301.85%
Dexus Industria REIT DXI  $       113,697,000.00  $        31,850,000.00 257.00%
Centuria Capital Group CNI  $       112,687,000.00  $        42,754,000.00 164.00%
Garda Diversified Property Fund GDF  $          64,739,000.00  $        10,440,000.00 520.10%
Centuria Office REIT COF  $          63,600,000.00  $        21,542,000.00 195.38%
Dexus Covenience Retail REIT DXC  $          39,979,000.00  $        21,044,000.00 90.00%
Ingenia Communities INA  $          39,849,000.00  $        32,452,000.00 23.00%
Rural Funds Group RFF  $          38,207,000.00  $        58,425,000.00 -35.00%
GDI Property Group GDI  $          37,874,000.00  $           5,811,000.00 551.80%
Sunland Group SDG  $          35,909,000.00  $        17,365,000.00 106.80%
Lifestyle Communities LIC  $          27,515,000.00  $        14,100,000.00 95.00%
RAM Essential Services Property Fund REP  $          27,218,000.00  N/A  N/A
Domain DHG  $          19,486,000.00  $        19,025,000.00 2.40%
Cedar Woods CWP  $          14,066,000.00  $        22,683,000.00 -38.00%
Carindale Property Trust CDP  $          14,058,000.00  $        10,454,000.00 34.50%
Servcorp SRV  $          13,300,000.00  $        15,400,000.00 -14.00%
Qualitas QRI  $          13,021,000.00  $        11,502,000.00 13.21%
AV Jennings AVJ  $            8,144,000.00  $           5,534,000.00 47.20%
McGrath Limited MEA  $            6,907,000.00  $           8,141,000.00 -15.00%
Axiom Properties AXI  $            6,030,000.00  $           5,561,000.00 8.40%
Desane Group DGH  $            5,058,000.00  $           1,880,000.00 169.00%
Newmark Property REIT NPR  $            4,349,384.00  $           9,341,382.00 -53.40%
WOTSO WOT  $            3,460,000.00  $           5,602,000.00 -38.00%
Elanor Retail Property Fund ERF  $            2,716,000.00  $              956,000.00 184.10%
Proptech Group PTG -$               482,000.00 -$                35,000.00 -1277.00%
Openn Negotiation OPN -$           3,266,400.00 -$              626,524.00 -421.35%
Lendlease LLC -$       264,000,000.00  $      196,000,000.00 -234.70%

Full list by HY22 profit increase

Company ASX Code  Profit HY22  Profit HY21 Movement
RAM Essential Services Property Fund REP  $          27,218,000.00  N/A  N/A
HomeCo Daily Needs REIT HDN  $       120,600,000.00 -$        22,200,000.00 643.20%
GDI Property Group GDI  $          37,874,000.00  $           5,811,000.00 551.80%
Garda Diversified Property Fund GDF  $          64,739,000.00  $        10,440,000.00 520.10%
Charter Hall Retail REIT CQR  $       368,600,000.00  $        82,800,000.00 345.20%
SCA Property SCP  $       432,400,000.00  $      102,900,000.00 320.20%
Hotel Properties Investments HPI  $       120,100,000.00  $        29,887,000.00 301.85%
Vicinity Centres VCX  $       650,200,000.00 -$     394,100,000.00 265.00%
Charter Hall Social Infrastructure REIT CQE  $       207,700,000.00  $        57,300,000.00 262.50%
Dexus Industria REIT DXI  $       113,697,000.00  $        31,850,000.00 257.00%
Centuria Industrial REIT CIP  $       308,081,000.00  $        99,558,000.00 209.45%
Arena REIT ARF  $       185,796,000.00  $        61,134,000.00 204.00%
Charter Hall Long WALE REIT CLW  $       589,556,000.00  $      198,592,000.00 196.90%
Centuria Office REIT COF  $          63,600,000.00  $        21,542,000.00 195.38%
Elanor Retail Property Fund ERF  $            2,716,000.00  $              956,000.00 184.10%
Aventus Group AVN  $       282,200,000.00  $      103,400,000.00 172.90%
Desane Group DGH  $            5,058,000.00  $           1,880,000.00 169.00%
Centuria Capital Group CNI  $       112,687,000.00  $        42,754,000.00 164.00%
Stockland SGP  $       850,000,000.00  $      339,000,000.00 150.74%
BWP Trust BWP  $       348,282,000.00  $      143,976,000.00 142.00%
Scentre Group (App. 4E CY21) SCG  $       887,900,000.00 -$  3,731,800,000.00 123.80%
Abacus Group ABP  $       314,800,000.00  $      151,800,000.00 107.00%
Sunland Group SDG  $          35,909,000.00  $        17,365,000.00 106.80%
Lifestyle Communities LIC  $          27,515,000.00  $        14,100,000.00 95.00%
Goodman Group GMG  $    2,002,800,000.00  $  1,041,500,000.00 92.30%
Dexus Covenience Retail REIT DXC  $          39,979,000.00  $        21,044,000.00 90.00%
Dexus DXS  $       803,200,000.00  $      441,300,000.00 82.00%
Growthpoint Properties Australia GOZ  $       374,300,000.00  $      205,800,000.00 81.90%
AV Jennings AVJ  $            8,144,000.00  $           5,534,000.00 47.20%
Mirvac MGR  $       565,000,000.00  $      392,000,000.00 44.00%
Carindale Property Trust CDP  $          14,058,000.00  $        10,454,000.00 34.50%
REA Group REA  $       225,800,000.00  $      172,100,000.00 31.00%
Ingenia Communities INA  $          39,849,000.00  $        32,452,000.00 23.00%
Qualitas QRI  $          13,021,000.00  $        11,502,000.00 13.21%
Axiom Properties AXI  $            6,030,000.00  $           5,561,000.00 8.40%
Domain DHG  $          19,486,000.00  $        19,025,000.00 2.40%
Servcorp SRV  $          13,300,000.00  $        15,400,000.00 -14.00%
McGrath Limited MEA  $            6,907,000.00  $           8,141,000.00 -15.00%
Rural Funds Group RFF  $          38,207,000.00  $        58,425,000.00 -35.00%
Cedar Woods CWP  $          14,066,000.00  $        22,683,000.00 -38.00%
WOTSO WOT  $            3,460,000.00  $           5,602,000.00 -38.00%
Newmark Property REIT NPR  $            4,349,384.00  $           9,341,382.00 -53.40%
Lendlease LLC -$       264,000,000.00  $      196,000,000.00 -234.70%
Openn Negotiation OPN -$           3,266,400.00 -$              626,524.00 -421.35%
Proptech Group PTG -$               482,000.00 -$                35,000.00 -1277.00%

~~

The above rankings were correct at the time of writing, however, will likely change as more companies release their HY22 results in the coming days and weeks.



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