Discussion in 'Real Estate Investment Trusts (A-REIT / LPT)' started by Simon Hampel, 1st Sep, 2010.
Lateline Business - 25/08/2010: Listed property sector turns around
Lateline Business - 25-Aug-2010
Now that listed property has reduced debt, it might prosper. I always get a regular monthly distribution. Lets hope this is a taste of the future.
Not much happening at the moment. Still getting my regular monthly distribution, like clockwork.
The latest news:
Value Emerging In Oz REIT Sector
blimey , like a ghost sector here ,
surely some members , found some good REITS since the GFC
i started very late 2010 , but have had a fair run with MGR and SGP , some others less impressive
but not even BWP and SCP holders ??
I have exposure to this sector via the CFS WS Geared Global Property Securities fund I hold via my super fund. They don't list their full holdings and only 5.9% of holdings are Australian REITs, so I don't know which local funds they hold.
Top 5 Global listings as at June 30 were:
Simon Property Group Inc
Apartment Invt & Mgmt Co -A
after watching from the sidelines , in the GFC and (crises before ) , i decided 'hands on'
i did try SLF ( REIT focused ETF ) but couldn't achieve the outcome i was after ( i sold at a profit but not big enough and both yield and growth i was after )
i developed a taste for niche plays INM , TIX , SCP and BWP doing well for me , FKP/AOG making a long term profit but going where i would never gone as a first choice , and APZ a major loss so far ( but still has a heartbeat )
but i resorted to 'cherry-picking ' what attracted me at fair value prices ( SGP up 40 % , MGR up 101% , ABP down 6% , CMW down 4% )
i see REITs as a yield play often strong when others sectors aren't ( and the weak when others are strong .)
you could stretch the truth and call APE ( car-yards ) RFF (leases out farming land ) and DFM ( leases out Chinese citrus farms ) TFC ( sandal wood platatations ) SHV ( nut plantations )REITs as well .
finding attractive international REITs ( apart from INM ) has been a problem for me , but if we have a major market crash in the next 3 years , the gap might be filled .
i suppose i differ from many by chasing ( div.) yield from day one , letting the SP do what it will ( but adding when cheap )
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