CFS Retail Property among poorest performing A-REIT share prices for 2013 financial year

Larry SchlesingerDecember 7, 2020

One of the poorest performing major listed property trust over the 2013 financial year was the CFS Retail Property Trust, joint developer of Emporium Melbourne, which last week announced a $60 million write-down of this project.

It's share price is up just 4.1% over the course of the 2013 financial year.

The S&P ASX200 XPJ index (A-REIT sector) was up 17.4% for the 2013 financial year on a share price basis, says Goldman Sachs A-REIT analyst Andrew MacFarlane. 

"If you include dividends (total return) then the accumulation index was up 24.2%," he says.

For the financial year, the share market ended the year up 17.2%

Company

ASX Code

June 30/2012 share price

June 30/2013 share price

% change

CFS Retail Property Trust

CFX

$1.92

$2.00

4.1%

Investa Office Fund

IOF

$2.71

$2.91

7.3%

Westfield Retail Trust

WRT

$2.85

$3.10

8.7%

Commonwealth Property Office Fund

CPA

$1.01

$1.10

8.9%

Correction: In an earlier version of this story, Property Observer reported that Leighton Holdings was the worst-performing A-REIT with 5% decline in its share price over the 2013 financial year. Leighton Holdings is not an A-REIT. It is a construction and engineering business.

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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