Highlights

  • Cedar Woods Properties delivered record FY26 NPAT of $65.6 million, up 36%, marking the strongest year in the company's history.
  • Earnings per share rose 33% to 77.9 cents, with fully franked dividends increasing 34% to 39.0 cents per share overall.
  • Total Revenue increased 7.8% to $502.4 million, while presales reached $830 million at 30 June 2026, supporting future settlement targets.
  • Cedar Woods targets 15% NPAT growth in FY27, supported by a 9,600+ lot development pipeline across four states during FY26.

Cedar Woods Properties Limited (ASX:CWP), one of Australia's leading residential developers founded in 1987 and headquartered in Perth, Western Australia, delivered record financial results for FY26, with net profit after tax of $65.6 million — a 36% increase on the prior year and slightly above guidance. Total revenue grew 7.8% to $502.4 million. Earnings Per Share rose 33% to 77.9 cents. The company declared a final fully Franked Dividend of 25.0 cents per share for the second half of FY26, bringing the full-year dividend to 39.0 cents per share — an increase of 34% on the prior year. Managing Director Nathan Blackburne described FY26 as the strongest year in Cedar Woods' history.

Sales and Project Portfolio Performance

Cedar Woods' performance was underpinned by strong settlement volumes and improving margins across its diversified project portfolio of 36 developments across four states — Western Australia, Victoria, Queensland and South Australia — spanning land estates, townhouses, apartments and commercial property. At 30 June 2026, the company held $830 million in presale contracts, representing more than 90% of FY27 settlement revenue targets already contracted. The company's diverse geographic spread enabled it to benefit from strong market conditions in Western Australia and Queensland, where population growth, infrastructure spending and housing Supply constraints continued to drive buyer demand.

Capital Strategy and Development Pipeline

Cedar Woods maintains a development pipeline of more than 9,600 lots, homes, and office properties, providing over a decade of earnings visibility. The pipeline is diversified across product types — ranging from affordable residential land lots to townhouses and apartment projects — and geographic markets. Tokyo Gas Real Estate (TGRE) is a Capital partner, with Cedar Woods operating across four joint ventures with TGRE as part of a capital-efficient Partnership growth strategy, enabling the company to deploy resources into more projects with less Equity risk. Post FY26, Cedar Woods contracted and settled a Western Australian Acquisition for $15.55 million, expanding its Bushmead estate by an additional 161 residential lots.

FY27 Guidance and Outlook

Cedar Woods Properties has targeted 15% NPAT growth in FY27, subject to property market conditions. This guidance reflects the company's strong presale position, activated pipeline, and disciplined execution. The company noted that market conditions and buyer sentiment are expected to remain soft through parts of FY27 as global uncertainty and domestic Macroeconomic Factors weigh on confidence — but improvement is anticipated as sentiment recovers. Cedar Woods' geographic diversification, strong balance sheet, and high level of earnings visibility from $830 million in contracts on hand provide resilience through any near-term softness.

Stock Price Information

Cedar Woods Properties (ASX:CWP) shares were trading at $5.880 on 6 November 2026, representing a decline of 18.33% for the day. The stock has declined approximately 5% over the past 12 months.