Garda Property Group (ASX:GDF) - Stock Price, News & Analysis

GDF Stock Overview

Garda Diversified Property Fund is a real estate investment trust externally managed by Garda Capital Group.

GDF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	1/6

Rewards

Trading at 19.5% below our estimate of its fair value

Earnings are forecast to grow 99.45% per year

Risk Analysis

Dividend of 5.16% is not well covered by earnings or cash flows

Interest payments are not well covered by earnings

Garda Property Group Competitors

Elanor Commercial Property Fund

ASX:ECF

AU$218.4m

GDI Property Group

ASX:GDI

AU$316.5m

Australian Unity Office Fund

ASX:AOF

AU$201.4m

Centuria Office REIT

ASX:COF

AU$719.8m

Price History & Performance

Summary of all time highs, changes and price drops for Garda Property Group
Historical stock prices
Current Share Price	AU$1.22
52 Week High	AU$1.35
52 Week Low	AU$0.94
Beta	0.79
1 Month Change	-3.94%
3 Month Change	2.09%
1 Year Change	2.95%
3 Year Change	3.83%
5 Year Change	-11.91%
Change since IPO	19.02%

Recent updates

Do Insiders Own Lots Of Shares In Garda Property Group (ASX:GDF)?

Mar 10

Garda Property Group's (ASX:GDF) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Feb 12

Shareholders Of Garda Property Group (ASX:GDF) Must Be Happy With Their 82% Return

Jan 17

Should You Take Comfort From Insider Transactions At Garda Property Group (ASX:GDF)?

Dec 21

Here's What Garda Property Group's (ASX:GDF) Shareholder Ownership Structure Looks Like

Nov 24

What Kind Of Investors Own Most Of Garda Property Group (ASX:GDF)?

Aug 24

Shareholder Returns

	GDF	AU Office REITs	AU Market
7D	-2.0%	-6.8%	-3.1%
1Y	3.0%	-19.7%	4.0%

Return vs Industry: GDF exceeded the Australian Office REITs industry which returned -19.7% over the past year.

Return vs Market: GDF underperformed the Australian Market which returned 4% over the past year.

Price Volatility

Is GDF's price volatile compared to industry and market?
GDF volatility
GDF Average Weekly Movement	3.1%
Office REITs Industry Average Movement	3.6%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: GDF has not had significant price volatility in the past 3 months.

Volatility Over Time: GDF's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Matthew Madsen	www.gardaproperty.com.au/gdf-investor-centre/company-overview/

Garda Diversified Property Fund is a real estate investment trust externally managed by Garda Capital Group. It invests in real estate markets of Australia. The fund intends to invest in commercial offices in city and suburban markets as well as industrial facilities along the eastern seaboard of Australia.

Garda Property Group Fundamentals Summary

How do Garda Property Group's earnings and revenue compare to its market cap?
GDF fundamental statistics
Market cap	AU$240.14m
Earnings (TTM)	-AU$38.80m
Revenue (TTM)	AU$32.24m

7.6x

P/S Ratio

-6.3x

P/E Ratio

Is GDF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GDF income statement (TTM)
Revenue	AU$32.24m
Cost of Revenue	AU$6.96m
Gross Profit	AU$25.27m
Other Expenses	AU$64.08m
Earnings	-AU$38.80m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.19
Gross Margin	78.40%
Net Profit Margin	-120.38%
Debt/Equity Ratio	67.1%

How did GDF perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

102%

Payout Ratio

GDF Stock Overview

Rewards

Risk Analysis

Garda Property Group Competitors

ASX:ECF

AU$218.4m

ASX:GDI

AU$316.5m

ASX:AOF

AU$201.4m

ASX:COF

AU$719.8m

Price History & Performance

Recent News & Updates

Now 21% undervalued

Upcoming dividend of AU$0.016 per share

Dividend of AU$0.016 announced

First half 2024 earnings released: FFO per share: AU$0.03 (vs AU$0.036 in 1H 2023)

Consensus revenue estimates decrease by 11%

Garda Property Group to Report First Half, 2024 Results on Feb 08, 2024

Recent updates

Now 21% undervalued

Upcoming dividend of AU$0.016 per share

Dividend of AU$0.016 announced

First half 2024 earnings released: FFO per share: AU$0.03 (vs AU$0.036 in 1H 2023)

Consensus revenue estimates decrease by 11%

Garda Property Group to Report First Half, 2024 Results on Feb 08, 2024

Upcoming dividend of AU$0.016 per share at 6.0% yield

Key Executive recently sold AU$172k worth of stock

Garda Property Group Announces Distribution for the Quarter Ending December 31, 2023, Payable on January 18, 2024

Now 20% undervalued after recent price drop

Minsmere Pty Ltd entered into an unconditional agreement to acquire Melbourne Office Building at 8-10 Cato Street, Hawthorn East from Garda Property Group (ASX:GDF) for AUD 24.1 million.

Garda Property Group, Annual General Meeting, Nov 29, 2023

Garda Property Group, Annual General Meeting, Oct 09, 2023

Upcoming dividend of AU$0.016 per share at 6.4% yield

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

New major risk - Dividend sustainability

Full year 2023 earnings released: FFO per share: AU$0.07 (vs AU$0.08 in FY 2022)

Upcoming dividend of AU$0.018 per share at 5.7% yield

Garda Property Group Announces Distribution for the Quarter Ending June 30, 2023, Payable on July 17, 2023

Now 20% undervalued

Less than half of directors are independent

Key Executive recently sold AU$322k worth of stock

Consensus EPS estimates fall by 16%

First half 2023 earnings released: FFO per share: AU$0.04 (vs AU$0.038 in 1H 2022)

Upcoming dividend of AU$0.018 per share

Garda Property Group Announces Distribution for the Quarter Ending December 31, 2022, Payable on January 17, 2023

Garda Property Group Announces Distribution for the Quarter Ending December 31, 2022, Payable on January 17, 2023

Less than half of directors are independent

Now 21% undervalued after recent price drop

Upcoming dividend of AU$0.018 per share

Garda Property Group Declares Ordinary Dividend for the Quarter Ending September 30, 2022 Payable on October 17, 2022

Key Executive recently sold AU$930k worth of stock

Board Member recently sold AU$72k worth of stock

Full year 2022 earnings: Revenues exceed analyst expectations

Garda Property Group, Annual General Meeting, Sep 19, 2022

Upcoming dividend of AU$0.018 per share

Garda Property Group Announces Distribution for the Quarter Ending June 30, 2022, Payable on July 15, 2022

Consensus forecasts updated

Price target increased to AU$1.84

Less than half of directors are independent

Upcoming dividend of AU$0.018 per share

Key Executive recently sold AU$1.7m worth of stock

Price target increased to AU$1.84

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of AU$0.018 per share

Key Executive recently sold AU$331k worth of stock

Non-Executive Director of Garda Capital Limited Philip Lee has left the company

Price target increased to AU$1.64

Upcoming dividend of AU$0.018 per share

Price target increased to AU$1.43

Upcoming dividend of AU$0.018 per share

Consensus forecasts updated

Exceed Capital Pty Ltd completed the acquisition of 154 Varsity Parade, Varsity Lakes from Garda Property Group (ASX:GDF).

Upcoming dividend of AU$0.018 per share

Garda Property Group Announces Dividend for Quarter Ended on March 31, 2021, Payable on April 20, 2021

Do Insiders Own Lots Of Shares In Garda Property Group (ASX:GDF)?

Analysts lower EPS estimates to AU$0.11

First half 2021 earnings released: FFO AU$0.042 per share (vs AU$0.047 in 1H 2020)