Weighted Yield from an indexed property portfolio (30-06-2023)
Quote:
Originally Posted by
LaserEyeKiwi
It has been a while since LEK's last sector update. But I thought it would be interesting to go one step further and look at the kind of yield on a 'real estate index weighted property portfolio', made up of the 'big eight', might provide.
|
Share Price (30/06/2023) |
Declared/Gross Dividends from previous Twelve Months (30/06/2023) |
Historical Gross Dividend Yield (30/06/2023) |
Weighted Portfolio Dividend Yield Contribution (30/06/2023) |
Weighted Portfolio Percentage Income Contribution (30/06/2023) |
NZX50 capitalisation (30-06-2023) (key stakeholders removed) (1) |
NZX50 Top Eight relative percentage (30-06-2023) (key stakeholders removed) |
NZX50 capitalisation (30-06-2023) |
NZX50 Top Eight relative percentage (30-06-2023) |
Precinct Properties |
$1.29 |
6.7c/9.3c |
7.21% |
1.44pp |
22.7% |
$2,046m |
20.0% |
$2,046m |
17.7% |
Stride Stapled Group |
$1.40 |
8.0c/12.0c |
8.57% |
0.64pp |
10.1% |
$765m |
7.47% |
$765m |
6.62% |
Property for Industry |
$2.315 |
8.25c/11,5c |
4.97% |
0.58pp |
9.2% |
$1,188m |
11.6% |
$1,188m |
10.3% |
Kiwi Property Group |
$0.91 |
5.7c/7.92c |
8.70% |
1.22pp |
19.3% |
$1,439m |
14.1% |
$1,439m |
12.4% |
Goodman Property Trust |
$2.22 |
5.9c/8.19c |
3.69% |
0.84pp |
13.3% |
$2,330m |
22.8% |
$3,115m |
26.9% |
Vital Healthcare Property Trust |
$2.34 |
9.752c/11.47c |
4.90% |
0.52pp |
8.2% |
$1,101m |
10.7% |
$1,544m |
13.4% |
Investore Property |
$1.42 |
7.9c/11.0c |
7.75% |
0.32pp |
5.1% |
$424m |
4.14% |
$522m |
4.51% |
Argosy Property |
$1.115 |
6.652c/9.24c |
8.29% |
0.77pp |
12.2% |
$945m |
9.23% |
$945m |
8.17% |
Total |
|
|
|
6.33% |
100% |
$10,238m |
100% |
$11,564m |
100% |
Notes
1/ Key stakeholder shareholdings are:
1a/ Goodman Property Trust: Goodman Investment Holdings 19.82%, Goodman Funds Management 5.37% (Total 25.19%)
1b/ Investore: Stride Property Group 18.83%
1c/ Vital Healthcare Properties: Northwest Healthcare Properties 28.72%
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The above table is showing us that as at 30th June 2023, the weighted average gross return of the NZ property index is 6.33%. This is the kind of yield that investors might expect from a fee less and pure listed NZ property index fund. This is rather less than the 6.76% figure you get by just taking the yield of each one our eight index participants , and just averaging those figures.
SNOOPY