Listed Property Trusts

[fungus pudding]

2007 to 2015 was negative Capital Gain?

That's called a loss; or you might prefer a positve capital loss. Depends how many words you want to waste.

[Jaa]

Not that long ago, well, well within living memory, yields on LPTs were 8%. Imagine the decrease in SPs if that were to reoccur. Roughly 40% drop? Makes me wary of going in boots and all. 'They' say interest rates are going to go up but never by how much. Probably 1/2 a percentage point and then have to take them down again.
Interests me that SPK, a dividend stock seems to have strengthened rather than retreated on interest rate rise talk. Well recently anyway, not sure about yesterday, but the panic is all over today and Wall Street is up? So predictable.

I have come to the same conclusion, the only way for interest rates to go from here is up.

Much of the last 5-10 year rise in the likes of Vital Healthcare has come from interest rate falls not from them increasing distributable income per unit. For all the buying, selling and development they do, $$ returns have hardly budged. The one caveat is all their rental agreements have CPI increases built in so this might soften the affect. Still I would expect underperformance versus dividend stalwarts like Spark or Meridian that have more pricing power over the medium/long term and higher dividend yields to start with.

Spark is partly a property stock, they just own cables, data centres and telco towers.

[Jaa]

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[Nor]

I have come to the same conclusion, the only way for interest rates to go from here is up.

Much of the last 5-10 year rise in the likes of Vital Healthcare has come from interest rate falls not from them increasing distributable income per unit. For all the buying, selling and development they do, $$ returns have hardly budged. The one caveat is all their rental agreements have CPI increases built in so this might soften the affect. Still I would expect underperformance versus dividend stalwarts like Spark or Meridian that have more pricing power over the medium/long term and higher dividend yields to start with.

Spark is partly a property stock, they just own cables, data centres and telco towers.

I do regret not having PFI. They seem to have out performed PCT without me even noticing. I tend to only watch what I have. But they are so expensive now. I think I'll get a few and then at least I'll be watching, buy more on weakness.