CWP is a $549m WA based real estate developer currently yielding 2.8% ff, only 10-days ago the business announced a 52-acre site acquisition to the North of Melbourne. This site is next to its existing project providing clear development leverage and efficiencies. The company delivered an 11% increase in pre-sales for Q1 of FY2021 putting the company in a strong position considering its solid balance sheet and untapped finance facilities.
MM likes CWP initially looking for another 8-10% upside
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