Email page Print Bookmark Size

Share price Dividend history Presentations ASX announcements Annual reports Research reports Share registry Governance Company news e-news subscriptions Quick links Unit prices Real Estate Funds How to invest Forms APN Propertypedia Contact us News Company news e-news subscriptions

Company news 13 Jul 10 Print page      Previous    Next Monthly Newsletter June Wrap 2010 AREITs looking relatively composed amidst global uncertainty   The property sector is emerging relatively composed amidst global market uncertainty. Investor confidence continues to be tested with concerns surrounding China’s growth prospects, a sluggish US recovery and European debt issues.   AREITs continued to outperform the broader market (S&P/ASX 200) by 1.75% throughout June. For the financial year ending 30 June 2010, the AREIT sector outperformed the S&P/ASX 200 by 7.5%. Having largely returned to their original rent collecting model, the sector is being rewarded as investors shift their preference from high risk equities to more defensive investments.   Whilst headwinds remain, on balance the prospects for the property sector look positive. With the AREIT Index trading on a distribution yield of 6.2%* (earnings yield 7.69%**) and at around 9% discount to Net Tangible Asset value, there is clearly value in the sector. Our newest real estate securities fund, the APN AREIT Fund is currently yielding well over 8% and has outperformed the AREIT Index by 3.94% for the 12 months to 30 June 2010. Read newsletter.. Was this post helpful?             30 Jun 10 : Proposed liquidity solution for APN Property for Income funds 22 Jul 10 : Placement and Strategic Partnership with ARA

APN's specialist investment approach - people, process and philosophy      Yield and volatility - a compelling relative value in the AREIT sector

Sitemap | Privacy policy | Terms and conditions | Important information | © 2010 APN Property Group Limited