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Listed Property Trust

Discussion in 'Shares' started by Triu, 19th Sep, 2006.

  1. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Anyone know where and how to buy and how they work with regard to income! Do you get the Income monthly or quarterly?
     
  2. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Hi Triu

    That information will be in the PDS (product disclosure statement) for the relevant property trust...which you should read in detail.

    Cheers
    N.
     
  3. Glebe

    Glebe Well-Known Member

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    15th Aug, 2005
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    932
    Location:
    Sydney, NSW
  4. will

    will New Member

    Joined:
    14th Sep, 2006
    Posts:
    3
    Location:
    melbourne
    hi all

    have a little question on this is the mutch differnce from listed and
    non listed trusts
    eg;risks and returens
     
  5. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Listed property trusts are traded on the stock exchange. This makes them very liquid (you can sell at any time), but subject to the influence of sentiment and other share market influences rather than property market influences. You also don't get much detail in relation to what the managers will invest in ... they don't need to tell you any more than the ASX insists they do.

    Unlisted property trusts give you access to investments that aren't available through listed entities, and they generally invest in a clearly defined set of assets (ie one or several particular office buildings, or a particular class of property, or in a particular location). You get much more control by choosing which investment you want to invest in (eg a new office building in North Sydney, because you think there is growing demand for quality office space in that location). However, unlisted trusts are generally illiquid - you either don't get to sell at all until a defined time has passed (years), or you only get one or two opportunities per year to sell.

    Listed trusts are generally more diversified, but that may also mean diworsified. Margin lenders will often lend against listed trusts, but rarely against unlisted trusts (due to the illiquidity).

    I don't invest in either at the moment (although I'm about to get exposure to listed property trusts via a property securities fund), and I would prefer leverage to increase my returns, which excludes unlisted trusts - but at some point in the future I would like to investigate unlisted trusts too. I like the idea of being able to drive past an office block or a hospital or some other large building and claim "I own x% of that".
     
  6. will

    will New Member

    Joined:
    14th Sep, 2006
    Posts:
    3
    Location:
    melbourne
    Thanks Sim

    for the reply im trying to see how i can get the best reterns on
    investments whith out too mutch risk i dont like it when i dont have mutch
    control over the investment.....