Best Property Stock with Good Yield In Aus

[RRR]

KIWI2

NZX.com - the place to look for listed property trusts.
KIP, GMT, ARG, VHP, NPT, PFI etc.

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[kiwi2]

Thanks guys, found them all....now to read up on them.

[Joshuatree]

TIX T/H today for a cap raise. If they use it to reduce debt to say 45% and buy another building or two im keen on spp depending on what price it is at. Love some aussie diversification exposure to prop and the (xtra) interest i get bringing it back to $NZ.

[Joshuatree]

Great !! TIX equity raising @ 45 c reduces LVR from 57% to 47%., full repayment of unsecured notes. 1 new unit for each 1.6 units. Dist guidance of 10% $A . Good all-round.

[Joshuatree]

Thanks KW ,its on my watch list and a mate has loads but id forgotten about it, will have a squizz again. Went to their theme parks near Brisbane last year with my 12 year old, but they may have sold these.Cheers JT

[Joshuatree]

Cheers KW.Just gone ex and re 8% div. No posts about it, like these quiet stocks. Have been in AEU and CMW both excellent should have just held them.

[Joshuatree]

Come the new tax year (in NZ) i will be seriously looking to add AAD and maybe AZF. Will have a squizz at GHC and ENV. Hard to keep up with you KW. I too am looking to build more income, with some growth and less risk as well as some Premier Growth stocks like BRG, RMD, ILU (best in breed for the longterm) to balance more the riskier gold and a few resource stocks i still have. Thanks JT

[steve fleming]

Some thoughts on small cap property stocks from Eureka Report:

a few opportunities do exist at the junior end of the property sector if investors are prepared to do some digging, noted Atchison.
“Small caps do offer better value but are less liquid and [some] are small cap because of poor performance,” he said.
“The rule of thumb for small caps – make sure you do your homework. Do your financial analysis and be wary of gearing.”
Other things investors should be looking out for include the quality of the tenants, the duration of the leases, conditions for rental increases and whether distributions are fully covered by cash flow.


One stock in this space that stands out is Carindale Property Trust (CDP), which owns the Westfield Carindale mall in Brisbane.
“We have been pretty light-on in terms of developments [by shopping centre owners] in the last five years, partly because of the lack of funding,” said Cartledge.
“But there are some good developments going on or starting, and Carrindale is one that has just finished and is fully leased.”
While the stock has raced up close to 30% over the past 12-months, compressing its expected distribution yield to around 5%, it’s still priced at a discount to its net tangible asset value.
CDP is trading at an 11% discount to its net asset value and its 2013-14 forecast enterprise value to earnings before interest, tax, depreciation and amortisation (EV/EBITDA) multiple of 17.3 times is 7% below its five-year average.
The $394 million market cap stock gained 2 cents on Tuesday to close at $5.59.
Another interesting small property stock to watch is Australian Education Trust (AEU), even after the childcare properties owner chalked up a stunning 45% total return over the past year.
The stock is still expected to deliver a decent yield of around 7%, which is around 2.5%-3% above the 12-month term deposit rate.
Further, the childcare industry outlook is relatively robust, rents are indexed to the consumer price index (CPI), and the weighted average lease expiry is close to nine years.
The stock added 2.5 cents to $1.44 on Tuesday.


Read more at Eureka Report: http://www.eurekareport.com.au/artic...#ixzz2QiL2YJxn

[Joshuatree]

CMW coming back to re 95c after instos paying $1 for placement shares.Retail component fully underwritten, but wont be taken right up. What will the underwriter do dump on mkt?. Great stock with good div.

[Joshuatree]

TIX raises min of $24.3 mill with inst placement to buy 2 more buildings

Increases WALE to 5.7 years

Transaction NTA neutral
Confirms prev guidance of 4.5cpu div
and op earnings of 4.9cpu
Consistent rental growth thru fixed rental increases of 3.5%
Quality tenants on long leases

Minimal cap exp given age and/or recent refurbishments
Located in established ind precincts with good access to main arterial rds

Portfolio increases to $337million, mkt cap $189 to $190 mill
Increased liquidity and mkt cap positions fund positions the Fund towards index inclusion
Gearing 46.9 - 47%

NTA 48c Placement @50 to 51c