Carindale Property TrustASX:CDP 60 Return-on-Tangible-Equity is 10.61% as of Dec. 2025, which is 78% above its 10-year median of 5.96. GuruFocus rates ASX:CDP with a GF Score™ of 60/100 and a GF Value™ of A$3.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 937 REITs companies, Carindale Property Trust ranks better than 68.3% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Carindale Property Trust's annualized net income for the quarter that ended in Dec. 2025 was A$60.48 Mil. Carindale Property Trust's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$569.96 Mil. Therefore, Carindale Property Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.61%.
The historical rank and industry rank for Carindale Property Trust's Return-on-Tangible-Equity or its related term are showing as below:
ASX:CDP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.4 Med: 5.96 Max: 13.4
Current: 8.96
During the past 13 years, Carindale Property Trust's highest Return-on-Tangible-Equity was 13.40%. The lowest was -21.40%. And the median was 5.96%.
ASX:CDP's Return-on-Tangible-Equity is ranked better than 68.3% of 937
companies
in the REITs industry
Industry Median: 6.27
vs ASX:CDP: 8.96
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Carindale Property Trust Return-on-Tangible-Equity Related Terms
Carindale Property Trust Return-on-Tangible-Equity Historical Data
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The historical data trend for Carindale Property Trust's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:CDP vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Carindale Property Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carindale Property Trust Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Carindale Property Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carindale Property Trust's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.61% mean?
Carindale Property Trust (ASX:CDP) has a Return-on-Tangible-Equity of 10.61% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Carindale Property Trust and its competitors. This is 78% above median its historical median of 5.96. According to the industry distribution chart, Carindale Property Trust ranks #297 out of 937 companies in the REITs industry, placing it in the top 31.7%.
Is Carindale Property Trust's Return-on-Tangible-Equity too high?
Carindale Property Trust's current Return-on-Tangible-Equity of 10.61% is 78% above median its 10-year median of 5.96. The REITs industry median Return-on-Tangible-Equity is 6.27. Carindale Property Trust's value of 10.61% is 69.2% above this industry median. Based on the distribution chart, Carindale Property Trust ranks #297 out of 937 companies in the REITs industry, which is above the industry midpoint. Overall, Carindale Property Trust has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carindale Property Trust's Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Carindale Property Trust ranks #297 out of 937 companies for Return-on-Tangible-Equity. This puts Carindale Property Trust in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Carindale Property Trust's value of 10.61% is 69.2% above this benchmark. While the company's 10-year median is 5.96 vs. the industry median of 6.27, Carindale Property Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 937 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carindale Property Trust's current Return-on-Tangible-Equity of 10.61% is 69.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Carindale Property Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carindale Property Trust's current Return-on-Tangible-Equity is 10.61%, which is 78% above median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carindale Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Carindale Property Trust (ASX:CDP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.43, compared to a current price of A$5.74 — trading 67.3% above its estimated fair value. The current Return-on-Tangible-Equity is 10.61%, which is 78% above median its 10-year median of 5.96 and 69.2% above the REITs industry median of 6.27. Carindale Property Trust's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Carindale Property Trust (ASX:CDP), the current Return-on-Tangible-Equity is 10.61% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carindale Property Trust (ASX:CDP) Overvalued in 2026?
Based on GuruFocus' analysis, Carindale Property Trust stock appears to be overvalued.
The current stock price of A$5.74 is trading 67.3% above its estimated GF Value™ of A$3.43.
GuruFocus considers Carindale Property Trust to be Significantly Overvalued.
Key valuation signals for ASX:CDP:
Return-on-Tangible-Equity: 10.61% (78% above median its 10-year median of 5.96)
GF Value™: A$3.43 vs. price of A$5.74 (67.3% above fair value)
Industry Position: 69.2% above the REITs median (#297 of 937)
No single metric tells the full story. See the ASX:CDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carindale Property Trust is engaged in the long-term ownership of an interest in the Westfield Cardinal shopping center. The company derives revenue from shopping center base rent and other property income. The Trust operates in one business segment, being the ownership of a shopping centre in Australia.
60GF Score
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