- 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.
