Real Estate

That difference is why a portfolio-level comparison matters. Both are S&P/ASX 300 stapled property groups with a 30 June year-end, yet their earnings, gearing and exposure to valuations flow through very different channels.

That contrast is why the pair is useful. Both depend on businesses needing modern logistics space, but warehouseDemandreaches their results through different channels: rent reviews and re-leasing for Centuria, and development, funds management and rent for Goodman.

That divergence is the reason to compare them. HousingDemandfeeds both groups' profits, but at different points in the cycle and in different proportions, which shapes how sensitive each is to buyer confidence, interest rates and supply.

Charter Hall Group (ASX:CHC) is a listed property funds management group operating across office, industrial, retail, and social and community infrastructure assets. Its FY26 result combined higher operating earnings with continuedCapitalinflows, elevated transaction activity and a large development pipeline, while management also set a …

Centuria Industrial REIT (ASX:CIP) is an Australian pure-play industrial property trust focused on logistics,Warehousingand related industrial assets in major population centres. Its FY26 result showed higher funds from operations, active leasing, portfolio recycling and a larger netTangible Assetposition, while management also set out FY27Earningsand …

Carindale Property Trust (ASX:CDP) is an ASX-listed retail property trust whose soleInvestmentis a 50% interest in Westfield Carindale, a major regional shopping centre in Brisbane. Unlike diversified listed property vehicles, the trust depends on the performance of one asset, making its distribution profile relatively …

For FY2026, BWP Trust reported funds from operations of A$140.9 million, representing growth of 4.5%. The portfolio was valued at approximately A$3.96 billion, while gearing declined to 18.5%. These figures indicate thatOperating Incomeremained relatively stable while theBalance Sheetbecame less leveraged. For a property trust, …