Gemlife Communities Group Stapled Units (1 Ord & 1 Unt - Gemlife Trusts) GLF

Stock XASX Rating as of Oct 23, 2026

A$3.95 −0.01 (0.25%)

View Full Chart

As of Oct 23, 2026, 5:11:55 AM Delayed Price Closed

Company Report

View Archive

GemLife Lacks Sufficient Competitive Advantages to Warrant an Economic Moat

Esther Holloway, Leo Wang Aug 24, 2026

GemLife's strategy is to increase scale in Australia's undersupplied land lease sector by combining development-led growth with a steadily expanding rental base. Development currently accounts for around 90% of earnings, but as communities mature, we expect rental income to grow in significance, providing a more stable foundation for long-term returns. The group targets higher-end communities in Australia's coastal and outer metropolitan areas, where demand is strongest.

Read Analysis

Price vs Fair Value

View History

GLF is trading at a LOCK|Qt?!l@G premium.

Price

A$3.95

Oct 23, 2026

Fair Value

LOCK|^N

Jun 29, 2026

Uncertainty

LOCK|^kGN

1-Star Price: LOCK|L#>
5-Star Price: LOCK|^jx
Economic Moat: LOCK|#d
Capital Allocation: LOCK|SVmTqs

Bulls Say, Bears Say

Bulls

Australia's aging population and increasing cost of living underpin long-term demand for affordable retirement housing.

Bears

Heavy reliance on development exposes GemLife to cyclical housing demand and execution risk.

Trading Information

Previous Close Price: A$3.96
Day Range: A$3.90–3.97
52-Week Range: A$3.90–5.44
Bid/Ask: A$3.92 / A$4.10
Shares Outstanding: 380.29M
Market Cap: A$1.50B
Volume/Avg: 1M / 635,036

Key Statistics

Price/Earnings (Normalized): 21.06
Price/Sales: 4.04
Dividend Yield (Trailing): 0.28%
Dividend Yield (Forward): 0.56%
Dividend Payment Schedule: Aug
Total Yield: 0.28%

Company Profile

GemLife is a vertically integrated operator of land lease communities for residents over 50 years old. Revenue comes from developing and selling manufactured homes and collecting rent on the underlying land. The group has more than 2,000 settled homes generating rental income and a pipeline of around 8,000 homes in development or planning. It currently operates 13 active communities across Queensland, New South Wales, and Victoria, typically located in coastal and outer metropolitan areas.

Sector: Real Estate
Industry: Real Estate - Development
Stock Style Box: Small Growth
Total Number of Employees: —
Website: https://www.gemlife.com.au

Competitors

Valuation

Metric	GLF	INA	SUI
Price/Earnings (Normalized)	21.06	14.02	44.89
Price/Book Value	1.41	1.11	2.67
Price/Sales	4.04	3.57	7.25
Price/Cash Flow	275.90	12.88	32.60

Price/Earnings

GLF

INA

SUI

Financial Strength

Metric	GLF	INA	SUI
Quick Ratio	0.37	0.11	0.51
Current Ratio	1.39	0.35	2.09
Interest Coverage	3.04	5.00	1.74

Quick Ratio

GLF

INA

SUI

Profitability

Metric	GLF	INA	SUI
Return on Assets (Normalized)	—	5.04%	2.83%
Return on Equity (Normalized)	—	8.72%	5.20%
Return on Invested Capital (Normalized)	—	5.09%	4.00%

Return on Assets

GLF

INA

SUI

Real Estate - Development Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
Sun Hung Kai Properties Ltd SUHJF	—	LOCK\|>&S	$39B
Sun Hung Kai Properties Ltd ADR SUHJY	—	LOCK\|%#&	$39B
China Resources Land Ltd ADR CRBJY	—	LOCK\|D$	$27B
CK Asset Holdings Ltd ADR CNGKY	—	LOCK\|&V	$20B
CK Asset Holdings Ltd CHKGF	—	LOCK\|!^X	$20B
Daiwa House Industry Co Ltd ADR DWAHY	—	LOCK\|G>	$18B
Daiwa House Industry Co Ltd DWAHF	—	LOCK\|#^w	$18B
Hongkong Land Holdings Ltd HKHGF	—	LOCK\|!JZy	$17B
Hongkong Land Holdings Ltd ADR HNGKY	—	LOCK\|Gs&%	$17B
China Overseas Land & Investment Ltd CAOVF	—	LOCK\|&J	$17B