Fund Manager Summary
The fund managers believe that Cedar Woods Properties Ltd presents a strong investment opportunity, particularly following a 37% rise in share price during the last quarter. In their opinion, the company’s recent upgrade to FY25 NPAT guidance, now anticipated to grow 15% year-on-year, highlights its robust performance. The reported presales exceeding $700m offer significant revenue visibility into FY26, supported by major projects in VIC, WA, SA, and QLD. Additionally, a favourable housing supply-demand dynamic and an easing interest rate outlook enhance investor sentiment. Cedar Woods’ strategic land acquisition, including a recent $50m site purchase in Fairfield, VIC, further solidifies its position. The stock remains a core holding due to its robust balance sheet and visible earnings growth amidst structural tailwinds in the residential development market.
Source: Trading View
Commentary From The Managers
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Wilson Asset Management
31 Oct 2025
$9.03
Summary
- Cedar Woods Properties is a property developer and investor focused on urban land subdivision and built form development for residential, commercial, and retail purposes.
- In October, the company reported a strong September quarter result, indicating excellent execution and favorable macroeconomic conditions.
- The ongoing structural housing shortage in Australia has positively impacted the company’s performance.
- Property settlement volumes increased by 17% compared to the same quarter in 2024.
- Management has upgraded FY2026 net profit guidance from 10% to 15% growth.
- The company enjoys high earnings visibility, with over 90% of FY2026 revenue already pre-sold, marking the most visibility it has had in decades.
- Cedar Woods Properties has approximately 9,400 lots, dwellings, and office units across 35 projects in Queensland, Victoria, Western Australia, and South Australia.
- The company is well positioned to benefit from population growth, limited housing supply, and supportive government policy expected to sustain demand over the medium term.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Wilson Asset Management
31 Oct 2025
$9.03
- Cedar Woods Properties is a property developer and investor focused on urban land subdivision and built form development for residential, commercial, and retail purposes.
- In October, the company reported a strong September quarter result, indicating excellent execution and favorable macroeconomic conditions.
- The ongoing structural housing shortage in Australia has positively impacted the company’s performance.
- Property settlement volumes increased by 17% compared to the same quarter in 2024.
- Management has upgraded FY2026 net profit guidance from 10% to 15% growth.
- The company enjoys high earnings visibility, with over 90% of FY2026 revenue already pre-sold, marking the most visibility it has had in decades.
- Cedar Woods Properties has approximately 9,400 lots, dwellings, and office units across 35 projects in Queensland, Victoria, Western Australia, and South Australia.
- The company is well positioned to benefit from population growth, limited housing supply, and supportive government policy expected to sustain demand over the medium term.
Summary
Ellerston Capital
30 June 2025
$7.09
- Cedar Woods Properties Ltd (CWP AU) experienced a 37% increase in stock price during the quarter.
- The company provided a strong third-quarter trading update, upgrading FY25 NPAT guidance to a 15% growth compared to the prior year.
- Reported presales exceeding $700 million, ensuring strong revenue visibility into FY26.
- Major projects across Victoria, Western Australia, South Australia, and Queensland contribute to the company’s pipeline.
- A favourable housing supply-demand dynamic and easing interest rate outlook have bolstered market sentiment.
- CWP benefits from price growth in key geographies and has adopted a more assertive land acquisition strategy.
- Recent acquisition of a $50 million site in Fairfield, VIC highlights this strategy.
- The stock remains a core holding for Ellerston Capital, supported by a robust balance sheet and visible earnings growth.
- Overall, CWP is positioned well due to structural tailwinds in the residential development market.
Summary
Ellerston Capital
30 Apr 2025
$5.60
- Ellerston Capital notes Cedar Woods (CWP AU) rose 8% following a strong Q3 update.
- The company upgraded FY25 NPAT growth guidance to 15% (from over 10%).
- Positive FY26 outlook supported by over $700 million in presales, reflecting a 20% year-on-year increase.
- With the federal election concluded, the Labor government's policies favor new housing construction and first-home buyer support.
- Cedar Woods is well positioned to benefit from these structural tailwinds.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With a potential 15% NPAT growth and presales exceeding $700m, Cedar Woods appears poised to capitalize on favorable market dynamics. The aggressive land acquisition strategy and strong regional performance may position it as a cornerstone in any forward-looking portfolio."
Last Updated: 31 Oct 2025
Query The Data
Frequently Asked Questions
Who is investing in Cedar Woods Properties Ltd (ASX:CWP)?
Fund managers including Ellerston Capital and Wilson Asset Management have invested in Cedar Woods Properties Ltd (ASX:CWP).
Why do fund managers invest in Cedar Woods Properties Ltd?
Fund managers invest in Cedar Woods Properties Ltd due to its strong financial performance, highlighted by a 37% stock price increase and upgraded FY25 NPAT guidance of 15% growth. The company has secured over $700 million in presales, ensuring revenue visibility into FY26. Its strategic land acquisitions and favorable housing market dynamics further enhance its growth potential, supported by a robust balance sheet and positive sentiment from easing interest rates.
What happened to Cedar Woods Properties Ltd (ASX:CWP)?
Fund managers are investing in Cedar Woods Properties Ltd due to its strong quarterly performance, with a 17% increase in property settlement volumes compared to the previous year. The company benefits from a structural housing shortage in Australia, leading to upgraded profit guidance for FY2026. With over 90% of its revenue pre-sold and a diverse portfolio of 9,400 lots across multiple states, Cedar Woods is well-positioned for growth driven by population increases and supportive government policies.