3 key indicators to check the health of a property companies.
1. Gross Development Value GDV:-
Often, you would find these information in the Chairman’s and CEO’s Statements and the Operating Review within a company’s annual reports.
2. Landbanking:-
Size of land bank and remaining GDV
Landbanking is often referred to a property company’s purchase to increase their land holdings. There is no real tangible asset for property stocks
3. Unbilled Sales:-
Unbilled sales are revenues which have yet to be reported in a company’s financial statements. These could be property sales achieved by their current projects. Often, they would be reported in the next 1 - 2 financial year
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