May Performance Update

Posted by Simon Karlsson on May 13, 2019 10:09:19 AM


In April, a rebound in US retail sales and a GDP reading coming in above expectations saw bond yields in the US increase slightly over the month, despite recent rhetoric by the Federal Reserve that any interest rates likely remain on hold. Domestically, the housing sector continues to see valuation declines impacting consumer sentiment. Furthermore, inflation for the quarter was well below expectations leading many market participants to speculate an interest rate cut may be imminent.

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Topics: reit, property

AFR: Retail property faces earnings pressure on several fronts, warns manager

Posted by Simon Karlsson on Mar 21, 2019 3:44:03 PM

The following  is an Australian Financial Review article written by Duncan Hughes who writes on Real Estate specialising in Commercial, Residential. 

For the original article click here.

Australian Financial Review: Retail property faces earnings pressure on several fronts, warns manager (20 March 2019)

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Topics: reit, property

March Performance Update

Posted by Grant MacKenzie on Mar 20, 2019 11:17:52 AM

In February, Australian bond yields continued to rally following the release of mixed economic data, which has prompted a shift in leading economist expectations to an RBA easing bias over the course of the year. In the US, despite an increasingly cautious statement from the US Federal Reserve on its outlook for US growth, there was increasing optimism over a trade resolution with China following President Trump’s decision to postpone an increase in tariffs citing ‘substantial progress’ in discussions. 

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Topics: reit, property

February performance update

Posted by Grant MacKenzie on Feb 27, 2019 11:34:56 AM

In January, defensive sectors continued to benefit from the increased global caution that saw the US Federal Reserve soften its global growth expectations. Bond yields in the US and domestically declined by -6bpts and -8bpts respectively as a result. In the UK, Prime Minister Theresa May’s Brexit plan was overwhelmingly rejected by the UK parliament which further fuelled equity market volatility and global growth concerns. Domestically, the focus continues to centre around the housing market with dwelling prices continuing to fall nationally due to a tightening of the lending criteria. 

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Topics: reit, property

Changes in retail are structural, not cyclical

Posted by Grant MacKenzie on Oct 12, 2018 8:33:18 AM

Until recently, retail assets have been highly sort after by listed and unlisted property owners, attracted to the highly defensive and predictable cashflows that retail property has typically delivered. But this is now changing and there are suggestions unlisted super funds are looking to down weight their exposure to retail property. In addition, several listed REITs such as Vicinity, Stockland and GPT Group are selling assets with varying degrees of success.

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Topics: retail, reit, property

Earnings Season – Office Shapes Up while Retail Remains Weak

Posted by Simon Karlsson on Aug 23, 2018 11:08:42 AM

With annual reporting season now in full swing, we look at the latest movements in the domestic REITs and infrastructure space, providing a glimpse into what lies ahead for shareholders.

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Topics: Insider


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