Logique
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Thanks for the updates Nulla Nulla.
A-REIT valuation model
- Thread starter Bushman
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nulla nulla
Positive Expectancy
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A-REIT Sector: Weekending Friday 12 December 2014
After a roller coaster ride through the week, the A-REIT Property Sector closed up on Friday at a Six (6) year high. With the falling oil price and a falling iron oil price continuing to weigh on international markets, our market plunged almost daily on opening only to fight back through the day. The falling Aud$ and the high yields available in the A-REIT Property Sector must be a welcome safety net for investors fleeing Energy and Resource shares.
Looking back over the past few months, recent falls in the All-Ords have not been mirrored in the A-REIT Property Sector. If anything it would appear that, since early September, the falling Aud$ against the US$ and a "flight to safety" mentality among investors, has generated a rebound in the Property Sector popularity. Whether these highs are sustainable in the current market gloom and doom remains to be seen.
The international markets fell like bricks on Friday, a replay of last Fridays market action, no doubt the volatility will continue next week as well.
The A-REIT Table for closing prices for week ending 12 December 2014 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.
After a roller coaster ride through the week, the A-REIT Property Sector closed up on Friday at a Six (6) year high. With the falling oil price and a falling iron oil price continuing to weigh on international markets, our market plunged almost daily on opening only to fight back through the day. The falling Aud$ and the high yields available in the A-REIT Property Sector must be a welcome safety net for investors fleeing Energy and Resource shares.
Looking back over the past few months, recent falls in the All-Ords have not been mirrored in the A-REIT Property Sector. If anything it would appear that, since early September, the falling Aud$ against the US$ and a "flight to safety" mentality among investors, has generated a rebound in the Property Sector popularity. Whether these highs are sustainable in the current market gloom and doom remains to be seen.
The international markets fell like bricks on Friday, a replay of last Fridays market action, no doubt the volatility will continue next week as well.
The A-REIT Table for closing prices for week ending 12 December 2014 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 3.000 | 1,543,341,402 | 0.2227 | 7.42% | 0.1675 | 5.58% | 13.47 | 2.38 | 26.05% |
| BWP | 2.650 | 1,695,270,789 | 0.2434 | 9.18% | 0.1471 | 5.55% | 10.89 | 2.07 | 28.02% |
| CHC | 4.890 | 1,736,202,031 | 0.2561 | 5.24% | 0.2230 | 4.56% | 19.09 | 2.38 | 105.46% |
| CQR | 4.120 | 1,536,319,790 | 0.2395 | 5.81% | 0.2730 | 6.63% | 17.20 | 3.40 | 21.18% |
| CMW | 1.035 | 1,796,035,275 | 0.1062 | 10.26% | 0.0789 | 7.62% | 9.75 | 0.73 | 41.78% |
| DXS | 7.150 | 6,474,552,349 | 0.4956 | 6.93% | 0.3756 | 5.25% | 14.43 | 6.36 | 12.42% |
| FDC | 2.770 | 3,954,567,135 | 0.3091 | 11.16% | 0.1570 | 5.67% | 8.96 | 2.37 | 16.88% |
| GMG | 5.860 | 10,228,395,957 | 0.3820 | 6.52% | 0.2070 | 3.53% | 15.34 | 2.88 | 103.47% |
| GPT | 4.250 | 7,163,209,059 | 0.3045 | 7.16% | 0.2080 | 4.89% | 13.96 | 3.82 | 11.26% |
| IOF | 3.720 | 2,284,256,544 | 0.2990 | 8.04% | 0.1850 | 4.97% | 12.44 | 3.35 | 11.04% |
| MGR | 1.825 | 6,747,385,200 | 0.1219 | 6.68% | 0.0900 | 4.93% | 14.97 | 1.66 | 9.94% |
| NVN | 2.170 | 6,619,271,928 | 0.1361 | 6.27% | 0.1360 | 6.27% | 15.94 | 1.90 | 14.21% |
| SCP | 1.880 | 1,219,421,242 | 0.1220 | 6.49% | 0.1080 | 5.74% | 15.41 | 1.57 | 19.75% |
| SCG | 3.520 | 18,741,524,307 | 0.2150 | 6.11% | 0.2150 | 6.11% | 16.37 | 2.88 | 22.22% |
| SGP | 4.120 | 9,676,836,585 | 0.2280 | 5.53% | 0.2400 | 5.83% | 18.07 | 3.53 | 16.71% |
| wfd | 8.940 | 18,578,121,793 | 0.4380 | 4.90% | 0.4380 | 4.90% | 20.41 | 3.80 | 135.26% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 05-Dec-14 | 12-Dec-14 | ||||
| Abacus Property | ABP | 2.890 | 3.000 | 0.11 | 3.81% |
| BWP Trust | BWP | 2.620 | 2.650 | 0.03 | 1.15% |
| Charter Hall | CHC | 4.720 | 4.890 | 0.17 | 3.60% |
| Charter Hall Retail | CQR | 4.140 | 4.120 | -0.02 | -0.48% |
| Cromwell | CMW | 1.015 | 1.035 | 0.02 | 1.97% |
| Dexus | DXS | 7.070 | 7.150 | 0.08 | 1.13% |
| Federation Centres | FDC | 2.800 | 2.770 | -0.03 | -1.07% |
| Goodman Group | GMG | 5.650 | 5.860 | 0.21 | 3.72% |
| GPT Group | GPT | 4.250 | 4.250 | 0.00 | 0.00% |
| Investa Office | IOF | 3.670 | 3.720 | 0.05 | 1.36% |
| Mirvac Group | MGR | 1.805 | 1.825 | 0.02 | 1.11% |
| Novion Property Group | NVN | 2.190 | 2.170 | -0.02 | -0.91% |
| SCA Property Group | SCP | 1.835 | 1.880 | 0.04 | 2.45% |
| Scentre Group | SCG | 3.540 | 3.520 | -0.02 | -0.56% |
| Stockland Property | SGP | 4.200 | 4.120 | -0.08 | -1.90% |
| Westfield Corporation | wfd | 8.550 | 8.940 | 0.39 | 4.56% |
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.
nulla nulla
Positive Expectancy
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A-REIT Sector: Weekending Friday 19 December 2014
Deja vu this week as last weeks roller coaster ride continued, dipping early in the week only to surge late in the week, pushing the A-REIT Property Sector to another Six (6) year high. Even though the All-Ords managed to turn around an eight day losing streak the A-REIT Propert Sector continued to maintain the upward gap from the All-Ords.
I'm not afraid of heights but some of the share price levels at Fridays close are making me dizzy. I suspect there will be a brutal pull back on some of them when they go ex-div on 29 December 2014.
The A-REIT Table for closing prices for week ending 19 December 2014 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
Deja vu this week as last weeks roller coaster ride continued, dipping early in the week only to surge late in the week, pushing the A-REIT Property Sector to another Six (6) year high. Even though the All-Ords managed to turn around an eight day losing streak the A-REIT Propert Sector continued to maintain the upward gap from the All-Ords.
I'm not afraid of heights but some of the share price levels at Fridays close are making me dizzy. I suspect there will be a brutal pull back on some of them when they go ex-div on 29 December 2014.
The A-REIT Table for closing prices for week ending 19 December 2014 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 2.960 | 1,522,763,517 | 0.2227 | 7.52% | 0.1675 | 5.66% | 13.29 | 2.38 | 24.37% |
| BWP | 2.800 | 1,791,229,513 | 0.2434 | 8.69% | 0.1471 | 5.25% | 11.50 | 2.07 | 35.27% |
| CHC | 4.680 | 1,661,641,207 | 0.2561 | 5.47% | 0.2230 | 4.76% | 18.27 | 2.38 | 96.64% |
| CQR | 4.250 | 1,584,795,900 | 0.2395 | 5.64% | 0.2730 | 6.42% | 17.75 | 3.40 | 25.00% |
| CMW | 1.060 | 1,839,417,770 | 0.1062 | 10.02% | 0.0789 | 7.44% | 9.98 | 0.73 | 45.21% |
| DXS | 7.100 | 6,429,275,759 | 0.4956 | 6.98% | 0.3756 | 5.29% | 14.33 | 6.36 | 11.64% |
| FDC | 2.820 | 4,025,949,213 | 0.3091 | 10.96% | 0.1570 | 5.57% | 9.12 | 2.37 | 18.99% |
| GMG | 5.880 | 10,263,305,159 | 0.3820 | 6.50% | 0.2070 | 3.52% | 15.39 | 2.88 | 104.17% |
| GPT | 4.370 | 7,365,464,373 | 0.3045 | 6.97% | 0.2080 | 4.76% | 14.35 | 3.82 | 14.40% |
| IOF | 3.690 | 2,265,835,120 | 0.2990 | 8.10% | 0.1850 | 5.01% | 12.34 | 3.35 | 10.15% |
| MGR | 1.830 | 6,765,871,187 | 0.1219 | 6.66% | 0.0900 | 4.92% | 15.01 | 1.66 | 10.24% |
| NVN | 2.200 | 6,710,782,599 | 0.1361 | 6.19% | 0.1360 | 6.18% | 16.16 | 1.90 | 15.79% |
| SCP | 1.875 | 1,216,178,100 | 0.1220 | 6.51% | 0.1080 | 5.76% | 15.37 | 1.57 | 19.43% |
| SCG | 3.550 | 18,901,253,207 | 0.2150 | 6.06% | 0.2150 | 6.06% | 16.51 | 2.88 | 23.26% |
| SGP | 4.210 | 9,888,223,792 | 0.2280 | 5.42% | 0.2400 | 5.70% | 18.46 | 3.53 | 19.26% |
| wfd | 9.020 | 18,744,368,968 | 0.4380 | 4.86% | 0.4380 | 4.86% | 20.59 | 3.80 | 137.37% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 12-Dec-14 | 19-Dec-14 | ||||
| Abacus Property | ABP | 3.000 | 2.960 | -0.04 | -1.33% |
| BWP Trust | BWP | 2.650 | 2.800 | 0.15 | 5.66% |
| Charter Hall | CHC | 4.890 | 4.680 | -0.21 | -4.29% |
| Charter Hall Retail | CQR | 4.120 | 4.250 | 0.13 | 3.16% |
| Cromwell | CMW | 1.035 | 1.060 | 0.03 | 2.42% |
| Dexus | DXS | 7.150 | 7.100 | -0.05 | -0.70% |
| Federation Centres | FDC | 2.770 | 2.820 | 0.05 | 1.81% |
| Goodman Group | GMG | 5.860 | 5.880 | 0.02 | 0.34% |
| GPT Group | GPT | 4.250 | 4.370 | 0.12 | 2.82% |
| Investa Office | IOF | 3.720 | 3.690 | -0.03 | -0.81% |
| Mirvac Group | MGR | 1.825 | 1.830 | 0.01 | 0.27% |
| Novion Property Group | NVN | 2.170 | 2.200 | 0.03 | 1.38% |
| SCA Property Group | SCP | 1.880 | 1.875 | 0.00 | -0.27% |
| Scentre Group | SCG | 3.520 | 3.550 | 0.03 | 0.85% |
| Stockland Property | SGP | 4.120 | 4.210 | 0.09 | 2.18% |
| Westfield Corporation | wfd | 8.940 | 9.020 | 0.08 | 0.89% |
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
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Thanks NN, yeah they have risen well of recent, i mainly watching Goodman now for entry
Bill M
Self Funded Retiree
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I use to be an active investor in REIT's a few years ago but I sold out of most of my holdings just before the worst of the GFC hit. In those days I was always looking for REIT's close to or under NTA. Doesn't it bother any of you that all of the REIT's are trading at a premium to NTA? Some at 100% premium to NTA? I have been out of touch with REIT's lately and wondered if there is a rational explanation for this.
nulla nulla
Positive Expectancy
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NTA v's Share price used to be a good bench mark when looking for undervalued A-REIT shares. However the bigger A-REIT's have wised up to "Assets under management". The practice of acquiring a controlling interest in the Assets and applying a management fee as well as retaining, say, 51% of ownership/income means that they can use the same amount of capital from one Asset owned outright to control two or more Assets owned at say 50%. NTA representing Assets owned outright is no longer a good indicator of worth, earnings capability etc.
Bill M
Self Funded Retiree
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^^^ Thanks for that explanation NN.
nulla nulla
Positive Expectancy
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A-REIT Sector: Wednesday 24 December 2014
The rally peaked, dipped and then climbed back to the peak (or near enough to it). There I was with my cheque book ready for any retrace on Wednesday before the close and it just did not happen. On Monday I am expecting a retrace on those shares that go ex-div but I also wouldn't be surprised if there were quick rebounds as well.
Mind you some of the A-REIT's are trading at their highs and a pull back in line with the All-Ords as fund managers jiggle their portfolios and generate brokerages in the run up to the end of the quarter (bonus time) can move prices around as well. Trade carefully.
I hope the readers of this thread had a good 2014 and I wish you a Happy New Year and prosperous trading for 2015.
The A-REIT Table for closing prices for Wednesday 24 December 2014 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
The rally peaked, dipped and then climbed back to the peak (or near enough to it). There I was with my cheque book ready for any retrace on Wednesday before the close and it just did not happen. On Monday I am expecting a retrace on those shares that go ex-div but I also wouldn't be surprised if there were quick rebounds as well.
Mind you some of the A-REIT's are trading at their highs and a pull back in line with the All-Ords as fund managers jiggle their portfolios and generate brokerages in the run up to the end of the quarter (bonus time) can move prices around as well. Trade carefully.
I hope the readers of this thread had a good 2014 and I wish you a Happy New Year and prosperous trading for 2015.
The A-REIT Table for closing prices for Wednesday 24 December 2014 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 3.000 | 1,543,341,402 | 0.2227 | 7.42% | 0.1675 | 5.58% | 13.47 | 2.38 | 26.05% |
| BWP | 2.840 | 1,816,818,506 | 0.2434 | 8.57% | 0.1471 | 5.18% | 11.67 | 2.07 | 37.20% |
| CHC | 4.790 | 1,700,696,877 | 0.2561 | 5.35% | 0.2230 | 4.66% | 18.70 | 2.38 | 101.26% |
| CQR | 4.320 | 1,610,898,421 | 0.2395 | 5.54% | 0.2730 | 6.32% | 18.04 | 3.40 | 27.06% |
| CMW | 1.070 | 1,856,770,768 | 0.1062 | 9.93% | 0.0789 | 7.37% | 10.08 | 0.73 | 46.58% |
| DXS | 7.320 | 6,628,492,754 | 0.4956 | 6.77% | 0.3756 | 5.13% | 14.77 | 6.36 | 15.09% |
| FDC | 2.880 | 4,111,607,707 | 0.3091 | 10.73% | 0.1570 | 5.45% | 9.32 | 2.37 | 21.52% |
| GMG | 5.990 | 10,455,305,765 | 0.3820 | 6.38% | 0.2070 | 3.46% | 15.68 | 2.88 | 107.99% |
| GPT | 4.490 | 7,567,719,688 | 0.3045 | 6.78% | 0.2080 | 4.63% | 14.75 | 3.82 | 17.54% |
| IOF | 3.720 | 2,284,256,544 | 0.2990 | 8.04% | 0.1850 | 4.97% | 12.44 | 3.35 | 11.04% |
| MGR | 1.875 | 6,932,245,069 | 0.1219 | 6.50% | 0.0900 | 4.80% | 15.38 | 1.66 | 12.95% |
| NVN | 2.230 | 6,802,293,271 | 0.1361 | 6.10% | 0.1360 | 6.10% | 16.39 | 1.90 | 17.37% |
| SCP | 1.900 | 1,232,393,808 | 0.1220 | 6.42% | 0.1080 | 5.68% | 15.57 | 1.57 | 21.02% |
| SCG | 3.610 | 19,220,711,008 | 0.2150 | 5.96% | 0.2150 | 5.96% | 16.79 | 2.88 | 25.35% |
| SGP | 4.250 | 9,982,173,662 | 0.2280 | 5.36% | 0.2400 | 5.65% | 18.64 | 3.53 | 20.40% |
| WFD | 9.160 | 19,035,301,524 | 0.4380 | 4.78% | 0.4380 | 4.78% | 20.91 | 3.80 | 141.05% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 19-Dec-14 | 24-Dec-14 | ||||
| Abacus Property | ABP | 2.960 | 3.000 | 0.04 | 1.35% |
| BWP Trust | BWP | 2.800 | 2.840 | 0.04 | 1.43% |
| Charter Hall | CHC | 4.680 | 4.790 | 0.11 | 2.35% |
| Charter Hall Retail | CQR | 4.250 | 4.320 | 0.07 | 1.65% |
| Cromwell | CMW | 1.060 | 1.070 | 0.01 | 0.94% |
| Dexus | DXS | 7.100 | 7.320 | 0.22 | 3.10% |
| Federation Centres | FDC | 2.820 | 2.880 | 0.06 | 2.13% |
| Goodman Group | GMG | 5.880 | 5.990 | 0.11 | 1.87% |
| GPT Group | GPT | 4.370 | 4.490 | 0.12 | 2.75% |
| Investa Office | IOF | 3.690 | 3.720 | 0.03 | 0.81% |
| Mirvac Group | MGR | 1.830 | 1.875 | 0.04 | 2.46% |
| Novion Property Group | NVN | 2.200 | 2.230 | 0.03 | 1.36% |
| SCA Property Group | SCP | 1.875 | 1.900 | 0.02 | 1.33% |
| Scentre Group | SCG | 3.550 | 3.610 | 0.06 | 1.69% |
| Stockland Property | SGP | 4.210 | 4.250 | 0.04 | 0.95% |
| Westfield Corporation | WFD | 9.020 | 9.160 | 0.14 | 1.55% |
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.- Joined
- 29 August 2014
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- 72
Thanks nulla nulla, a great resource for those interested in the REIT sector
And to you too Nulla!
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
A-REIT Sector: Weekending 02 January 2015
The retrace on those shares that went ex-div didn't happen on Monday so anyone that held on for the dividends and sold off on Monday has done very well out of the recent price run up. The Sell Off in the sector kicked in on Tuesday and Wednesday, with many of the shares being sold down by the dividend component and a bit more to boot.
Low ball bids lobbed into the queues on Monday got filled Wednesday afternoon as many shares entered an "oversold" area (imo) but were back in the black on Friday. Volumes this week were very thin, most of the fund managers must have taken a holiday although there was still evidence of high frequency traders testing the buy/sell queues with multiple small volume transactions. I guess computers don't get holidays.
The A-REIT Table for closing prices for Weekending 02 January 2015 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
All in all the A-REIT Sector was one of the better performing sectors for 2015. From a closing level of 9849 points on 3 January 2014, the closing level of 11,850 on Friday 02 January 2015 represent an increase of 20.31%. A comparison of the closing prices for Week Ending 03 January 2014 with the closing prices for Week Ending 02 January 2015 follows so you can see how your A-REIT shares performed this year:
Don't be fooled by the Westfield figures. The simple comparison of closing prices does not adequately reflect the outcome of the Westfield/Westfield Retail restructure to Westfield Corporation and Scentre Group. One article in the Sydney Morning Herald Business Day section rated the Westfield change for the year as plus 40% being the best performer on the ASX for the year ahead on Lend Lease.
A combined capital growth of $7.5 billion is nothing to sneeze at. Holders of Westfield shares before the restructure did very well, holders of shares in both Westfield and Westfield Retail did even better.
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
The retrace on those shares that went ex-div didn't happen on Monday so anyone that held on for the dividends and sold off on Monday has done very well out of the recent price run up. The Sell Off in the sector kicked in on Tuesday and Wednesday, with many of the shares being sold down by the dividend component and a bit more to boot.
Low ball bids lobbed into the queues on Monday got filled Wednesday afternoon as many shares entered an "oversold" area (imo) but were back in the black on Friday. Volumes this week were very thin, most of the fund managers must have taken a holiday although there was still evidence of high frequency traders testing the buy/sell queues with multiple small volume transactions. I guess computers don't get holidays.
The A-REIT Table for closing prices for Weekending 02 January 2015 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 3.050 | 1,569,063,759 | 0.2227 | 7.30% | 0.1675 | 5.49% | 13.70 | 2.38 | 28.15% |
| BWP | 2.800 | 1,791,229,513 | 0.2434 | 8.69% | 0.1471 | 5.25% | 11.50 | 2.07 | 35.27% |
| CHC | 4.570 | 1,622,585,538 | 0.2561 | 5.60% | 0.2230 | 4.88% | 17.84 | 2.38 | 92.02% |
| CQR | 4.160 | 1,551,235,516 | 0.2395 | 5.76% | 0.2730 | 6.56% | 17.37 | 3.40 | 22.35% |
| CMW | 1.045 | 1,813,388,273 | 0.1062 | 10.16% | 0.0789 | 7.55% | 9.84 | 0.73 | 43.15% |
| DXS | 7.060 | 6,393,054,487 | 0.4956 | 7.02% | 0.3756 | 5.32% | 14.25 | 6.36 | 11.01% |
| FDC | 2.880 | 4,111,607,707 | 0.3091 | 10.73% | 0.1570 | 5.45% | 9.32 | 2.37 | 21.52% |
| GMG | 5.800 | 10,123,668,354 | 0.3820 | 6.59% | 0.2070 | 3.57% | 15.18 | 2.88 | 101.39% |
| GPT | 4.410 | 7,432,882,812 | 0.3045 | 6.90% | 0.2080 | 4.72% | 14.48 | 3.82 | 15.45% |
| IOF | 3.680 | 2,259,694,645 | 0.2990 | 8.13% | 0.1850 | 5.03% | 12.31 | 3.35 | 9.85% |
| MGR | 1.810 | 6,691,927,240 | 0.1219 | 6.73% | 0.0900 | 4.97% | 14.85 | 1.66 | 9.04% |
| NVN | 2.150 | 6,558,264,813 | 0.1361 | 6.33% | 0.1360 | 6.33% | 15.80 | 1.90 | 13.16% |
| SCP | 1.870 | 1,212,934,958 | 0.1220 | 6.52% | 0.1080 | 5.78% | 15.33 | 1.57 | 19.11% |
| SCG | 3.530 | 18,794,767,273 | 0.2150 | 6.09% | 0.2150 | 6.09% | 16.42 | 2.88 | 22.57% |
| SGP | 4.140 | 9,723,811,520 | 0.2280 | 5.51% | 0.2400 | 5.80% | 18.16 | 3.53 | 17.28% |
| WFD | 9.160 | 19,035,301,524 | 0.4380 | 4.78% | 0.4380 | 4.78% | 20.91 | 3.80 | 141.05% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 24-Dec-14 | 02-Jan-15 | ||||
| Abacus Property | ABP | 3.000 | 3.050 | 0.05 | 1.67% |
| BWP Trust | BWP | 2.840 | 2.800 | -0.04 | -1.41% |
| Charter Hall | CHC | 4.790 | 4.570 | -0.22 | -4.59% |
| Charter Hall Retail | CQR | 4.320 | 4.160 | -0.16 | -3.70% |
| Cromwell | CMW | 1.070 | 1.045 | -0.03 | -2.34% |
| Dexus | DXS | 7.320 | 7.060 | -0.26 | -3.55% |
| Federation Centres | FDC | 2.880 | 2.880 | 0.00 | 0.00% |
| Goodman Group | GMG | 5.990 | 5.800 | -0.19 | -3.17% |
| GPT Group | GPT | 4.490 | 4.410 | -0.08 | -1.78% |
| Investa Office | IOF | 3.720 | 3.680 | -0.04 | -1.08% |
| Mirvac Group | MGR | 1.875 | 1.810 | -0.06 | -3.47% |
| Novion Property Group | NVN | 2.230 | 2.150 | -0.08 | -3.59% |
| SCA Property Group | SCP | 1.900 | 1.870 | -0.03 | -1.58% |
| Scentre Group | SCG | 3.610 | 3.530 | -0.08 | -2.22% |
| Stockland Property | SGP | 4.250 | 4.140 | -0.11 | -2.59% |
| Westfield Corporation | WFD | 9.160 | 9.160 | 0.00 | 0.00% |
All in all the A-REIT Sector was one of the better performing sectors for 2015. From a closing level of 9849 points on 3 January 2014, the closing level of 11,850 on Friday 02 January 2015 represent an increase of 20.31%. A comparison of the closing prices for Week Ending 03 January 2014 with the closing prices for Week Ending 02 January 2015 follows so you can see how your A-REIT shares performed this year:
| Share | Code | Closing Price | Closing Price | Change $ | Change % | Share |
|---|---|---|---|---|---|---|
| 03-Jan-14 | 02-Jan-15 | |||||
| Abacus Property | ABP | 2.340 | 3.050 | 0.71 | 30.34% | Abacus Property |
| BWP Trust | BWP | 2.220 | 2.800 | 0.58 | 26.13% | BWP Trust |
| Charter Hall | CHC | 3.670 | 4.570 | 0.90 | 24.52% | Charter Hall |
| Charter Hall Retail | CQR | 3.620 | 4.160 | 0.54 | 14.92% | Charter Hall Retail |
| Cromwell | CMW | 0.980 | 1.045 | 0.06 | 6.63% | Cromwell |
| Dexus | DXS | 6.120 | 7.060 | 0.94 | 15.36% | Dexus |
| Federation Centres | FDC | 2.320 | 2.880 | 0.56 | 24.14% | Federation Centres |
| Goodman Group | GMG | 4.760 | 5.800 | 1.04 | 21.85% | Goodman Group |
| GPT Group | GPT | 3.490 | 4.410 | 0.92 | 26.36% | GPT Group |
| Investa Office | IOF | 3.160 | 3.680 | 0.52 | 16.46% | Investa Office |
| Mirvac Group | MGR | 1.705 | 1.810 | 0.11 | 6.16% | Mirvac Group |
| Novion Property Group | NVN | 1.940 | 2.150 | 0.21 | 10.82% | CFS Retail Trust |
| SCA Property Group | SCP | 1.545 | 1.870 | 0.33 | 21.04% | SCA Property Group |
| Scentre Group | SCG | 3.000 | 3.530 | 0.53 | 17.67% | Westfield Retail |
| Stockland Property | SGP | 3.640 | 4.140 | 0.50 | 13.74% | Stockland Property |
| Westfield Corporation | WFD | 10.180 | 9.160 | -1.02 | -10.02% | Westfield |
Don't be fooled by the Westfield figures. The simple comparison of closing prices does not adequately reflect the outcome of the Westfield/Westfield Retail restructure to Westfield Corporation and Scentre Group. One article in the Sydney Morning Herald Business Day section rated the Westfield change for the year as plus 40% being the best performer on the ASX for the year ahead on Lend Lease.
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
| 03-Jan-14 | |||||||||
| WDC | 10.180 | 21,515,448,467 | 0.6424 | 6.31% | 0.5025 | 4.94% | 15.85 | 6.99 | 45.64% |
| WRT | 3.000 | 8,762,980,902 | 0.2670 | 8.90% | 0.1942 | 6.47% | 11.24 | 3.47 | -13.54% |
| 30,278,429,369 | |
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
| 02-Jan-15 | |||||||||
| WFD | 9.160 | 19,035,301,524 | 0.4380 | 4.78% | 0.4380 | 4.78% | 20.91 | 3.80 | 141.05% |
| SCG | 3.530 | 18,794,767,273 | 0.2150 | 6.09% | 0.2150 | 6.09% | 16.42 | 2.88 | 22.57% |
| 37,830,068,797 | |
A combined capital growth of $7.5 billion is nothing to sneeze at. Holders of Westfield shares before the restructure did very well, holders of shares in both Westfield and Westfield Retail did even better.
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector. Australand has now been removed from the list. CFS Retail property (CFX) has been renamed to Novion Property Group (NVN) and Dexus has consolidated their shares on the bases of 1 for 6.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.
Logique
Investor
- Joined
- 18 April 2007
- Posts
- 4,290
- Reactions
- 768
Geez Nulla,
when you're right, you're right. Oil clobbered, Europe clobbered.
5 Jan 2015
In late trade, S&P 500 -1.9%, Dow -1.9%, Nasdaq -1.7%
In Europe, Stoxx 50 -3.7%, FTSE -2%, CAC -3.3%, DAX -3%
when you're right, you're right. Oil clobbered, Europe clobbered.
5 Jan 2015
In late trade, S&P 500 -1.9%, Dow -1.9%, Nasdaq -1.7%
In Europe, Stoxx 50 -3.7%, FTSE -2%, CAC -3.3%, DAX -3%
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
This should read....."All in all the A-REIT Sector was one of the better performing sectors for 2014".
However, as investors scramble for the security of yield in 2015 there is no reason that A-REIT's can't repeat the performance in 2015.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
A-REIT Sector: Weekending 09 January 2015
A volatile week. In on Monday and out on Thursday/Friday as the A-REIT Sector provided a safe haven for investors nervous about Greece, then a surge in share prices as investors followed the lead from the US and Europe shrugging off concerns about Greece.
At one point early in the week the pundits were calling the arrival of the long overdue 10% correction as the Dow Jones fell to the low 17,000's, then they pulled their heads in when the Dow shot back up on Wednesday and Thursday. The Dow retreated again in Friday trading, the All Ords will probably have a kneejerk retrace on Monday. The volatility continues.
The A-REIT Table for closing prices for Weekending 09 January 2015 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
A volatile week. In on Monday and out on Thursday/Friday as the A-REIT Sector provided a safe haven for investors nervous about Greece, then a surge in share prices as investors followed the lead from the US and Europe shrugging off concerns about Greece.
At one point early in the week the pundits were calling the arrival of the long overdue 10% correction as the Dow Jones fell to the low 17,000's, then they pulled their heads in when the Dow shot back up on Wednesday and Thursday. The Dow retreated again in Friday trading, the All Ords will probably have a kneejerk retrace on Monday. The volatility continues.
The A-REIT Table for closing prices for Weekending 09 January 2015 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 3.230 | 1,661,664,243 | 0.2227 | 6.89% | 0.1675 | 5.19% | 14.50 | 2.38 | 35.71% |
| BWP | 2.880 | 1,842,407,499 | 0.2434 | 8.45% | 0.1471 | 5.11% | 11.83 | 2.07 | 39.13% |
| CHC | 4.640 | 1,647,439,146 | 0.2561 | 5.52% | 0.2230 | 4.81% | 18.12 | 2.38 | 94.96% |
| CQR | 4.270 | 1,592,253,763 | 0.2395 | 5.61% | 0.2730 | 6.39% | 17.83 | 3.40 | 25.59% |
| CMW | 1.080 | 1,874,123,766 | 0.1062 | 9.83% | 0.0789 | 7.31% | 10.17 | 0.73 | 47.95% |
| DXS | 7.290 | 6,601,326,800 | 0.4956 | 6.80% | 0.3756 | 5.15% | 14.71 | 6.36 | 14.62% |
| FDC | 2.940 | 4,197,266,201 | 0.3091 | 10.51% | 0.1570 | 5.34% | 9.51 | 2.37 | 24.05% |
| GMG | 5.900 | 10,298,214,360 | 0.3820 | 6.47% | 0.2070 | 3.51% | 15.45 | 2.88 | 104.86% |
| GPT | 4.470 | 7,534,010,469 | 0.3045 | 6.81% | 0.2080 | 4.65% | 14.68 | 3.82 | 17.02% |
| IOF | 3.750 | 2,302,677,968 | 0.2990 | 7.97% | 0.1850 | 4.93% | 12.54 | 3.35 | 11.94% |
| MGR | 1.880 | 6,950,731,056 | 0.1219 | 6.48% | 0.0900 | 4.79% | 15.42 | 1.66 | 13.25% |
| NVN | 2.190 | 6,680,279,042 | 0.1361 | 6.21% | 0.1360 | 6.21% | 16.09 | 1.90 | 15.26% |
| SCP | 1.885 | 1,222,664,383 | 0.1220 | 6.47% | 0.1080 | 5.73% | 15.45 | 1.57 | 20.06% |
| SCG | 3.650 | 19,433,682,875 | 0.2150 | 5.89% | 0.2150 | 5.89% | 16.98 | 2.88 | 26.74% |
| SGP | 4.230 | 9,935,198,727 | 0.2280 | 5.39% | 0.2400 | 5.67% | 18.55 | 3.53 | 19.83% |
| WFD | 9.630 | 20,012,003,676 | 0.4380 | 4.55% | 0.4380 | 4.55% | 21.99 | 3.80 | 153.42% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 02-Jan-15 | 09-Jan-15 | ||||
| Abacus Property | ABP | 3.050 | 3.230 | 0.18 | 5.90% |
| BWP Trust | BWP | 2.800 | 2.880 | 0.08 | 2.86% |
| Charter Hall | CHC | 4.570 | 4.640 | 0.07 | 1.53% |
| Charter Hall Retail | CQR | 4.160 | 4.270 | 0.11 | 2.64% |
| Cromwell | CMW | 1.045 | 1.080 | 0.04 | 3.35% |
| Dexus | DXS | 7.060 | 7.290 | 0.23 | 3.26% |
| Federation Centres | FDC | 2.880 | 2.940 | 0.06 | 2.08% |
| Goodman Group | GMG | 5.800 | 5.900 | 0.10 | 1.72% |
| GPT Group | GPT | 4.410 | 4.470 | 0.06 | 1.36% |
| Investa Office | IOF | 3.680 | 3.750 | 0.07 | 1.90% |
| Mirvac Group | MGR | 1.810 | 1.880 | 0.07 | 3.87% |
| Novion Property Group | NVN | 2.150 | 2.190 | 0.04 | 1.86% |
| SCA Property Group | SCP | 1.870 | 1.885 | 0.01 | 0.80% |
| Scentre Group | SCG | 3.530 | 3.650 | 0.12 | 3.40% |
| Stockland Property | SGP | 4.140 | 4.230 | 0.09 | 2.17% |
| Westfield Corporation | WFD | 9.160 | 9.630 | 0.47 | 5.13% |
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
A-REIT Sector: Weekending Friday 16 January 2015
The anticipated retrace for Monday 12 January 2015 turned into a sustained fall for five (5) consecutive days. Across the A-REIT sector most shares, with the exception of Scentre Group, gave up their gains for the previous week and retreated to levels at or below 02 January 2015.
The economic news for the week was mixed, oil down, iron ore down and unemployment down. However the Swiss unlocked their currency from the Euro and even though the Aud$ was seen as a safe haven, rising against the U.S$ and the Euro, the All Ords and the Property Sector continued to fall following the leads from the global markets. Apparently almost one fifth of foreign investment in Australia originates from Switzerland.
One ray of sunshine was the lift in the European and U.S markets in Fridays trading. No doubt the volatility in our markets will continue this week.
The A-REIT Table for closing prices for Weekending 16 January 2015 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
The anticipated retrace for Monday 12 January 2015 turned into a sustained fall for five (5) consecutive days. Across the A-REIT sector most shares, with the exception of Scentre Group, gave up their gains for the previous week and retreated to levels at or below 02 January 2015.
The economic news for the week was mixed, oil down, iron ore down and unemployment down. However the Swiss unlocked their currency from the Euro and even though the Aud$ was seen as a safe haven, rising against the U.S$ and the Euro, the All Ords and the Property Sector continued to fall following the leads from the global markets. Apparently almost one fifth of foreign investment in Australia originates from Switzerland.
One ray of sunshine was the lift in the European and U.S markets in Fridays trading. No doubt the volatility in our markets will continue this week.
The A-REIT Table for closing prices for Weekending 16 January 2015 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 2.980 | 1,533,052,459 | 0.2227 | 7.47% | 0.1675 | 5.62% | 13.38 | 2.38 | 25.21% |
| BWP | 2.720 | 1,740,051,527 | 0.2434 | 8.95% | 0.1471 | 5.41% | 11.18 | 2.07 | 31.40% |
| CHC | 4.590 | 1,629,686,569 | 0.2561 | 5.58% | 0.2230 | 4.86% | 17.92 | 2.38 | 92.86% |
| CQR | 4.260 | 1,588,524,832 | 0.2395 | 5.62% | 0.2730 | 6.41% | 17.79 | 3.40 | 25.29% |
| CMW | 1.035 | 1,796,035,275 | 0.1062 | 10.26% | 0.0789 | 7.62% | 9.75 | 0.73 | 41.78% |
| DXS | 7.050 | 6,383,999,169 | 0.4956 | 7.03% | 0.3756 | 5.33% | 14.23 | 6.36 | 10.85% |
| FDC | 2.890 | 4,125,884,123 | 0.3091 | 10.70% | 0.1570 | 5.43% | 9.35 | 2.37 | 21.94% |
| GMG | 5.790 | 10,106,213,753 | 0.3820 | 6.60% | 0.2070 | 3.58% | 15.16 | 2.88 | 101.04% |
| GPT | 4.380 | 7,382,318,983 | 0.3045 | 6.95% | 0.2080 | 4.75% | 14.38 | 3.82 | 14.66% |
| IOF | 3.660 | 2,247,413,696 | 0.2990 | 8.17% | 0.1850 | 5.05% | 12.24 | 3.35 | 9.25% |
| MGR | 1.835 | 6,784,357,174 | 0.1219 | 6.64% | 0.0900 | 4.90% | 15.05 | 1.66 | 10.54% |
| NVN | 2.180 | 6,649,775,485 | 0.1361 | 6.24% | 0.1360 | 6.24% | 16.02 | 1.90 | 14.74% |
| SCP | 1.835 | 1,190,232,967 | 0.1220 | 6.65% | 0.1080 | 5.89% | 15.04 | 1.57 | 16.88% |
| SCG | 3.750 | 19,966,112,543 | 0.2150 | 5.73% | 0.2150 | 5.73% | 17.44 | 2.88 | 30.21% |
| SGP | 4.130 | 9,700,324,053 | 0.2280 | 5.52% | 0.2400 | 5.81% | 18.11 | 3.53 | 17.00% |
| WFD | 9.060 | 18,827,492,555 | 0.4380 | 4.83% | 0.4380 | 4.83% | 20.68 | 3.80 | 138.42% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 09-Jan-15 | 16-Jan-15 | ||||
| Abacus Property | ABP | 3.230 | 2.980 | -0.25 | -7.74% |
| BWP Trust | BWP | 2.880 | 2.720 | -0.16 | -5.56% |
| Charter Hall | CHC | 4.640 | 4.590 | -0.05 | -1.08% |
| Charter Hall Retail | CQR | 4.270 | 4.260 | -0.01 | -0.23% |
| Cromwell | CMW | 1.080 | 1.035 | -0.05 | -4.17% |
| Dexus | DXS | 7.290 | 7.050 | -0.24 | -3.29% |
| Federation Centres | FDC | 2.940 | 2.890 | -0.05 | -1.70% |
| Goodman Group | GMG | 5.900 | 5.790 | -0.11 | -1.86% |
| GPT Group | GPT | 4.470 | 4.380 | -0.09 | -2.01% |
| Investa Office | IOF | 3.750 | 3.660 | -0.09 | -2.40% |
| Mirvac Group | MGR | 1.880 | 1.835 | -0.04 | -2.39% |
| Novion Property Group | NVN | 2.190 | 2.180 | -0.01 | -0.46% |
| SCA Property Group | SCP | 1.885 | 1.835 | -0.05 | -2.65% |
| Scentre Group | SCG | 3.650 | 3.750 | 0.10 | 2.74% |
| Stockland Property | SGP | 4.230 | 4.130 | -0.10 | -2.36% |
| Westfield Corporation | WFD | 9.630 | 9.060 | -0.57 | -5.92% |
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.- Joined
- 29 August 2014
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- 500
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cheers nulla nulla,
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
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A-REIT Sector: Weekending Friday 23 January 2015
Jaw dropping. That's the only description that adequately describes the movement in the A-REIT Sector this week. On Wednesday, in one day, the A-REIT Sector reversed the retrace of the previous seven (7) trading days. On Thursday, the sector struggled to hold the reversal and frankly I was expecting a retrace on Friday to provide some trade entry opportunities. Then the European Central Bank (ECB) announced that they would inject 1.3 trillion dollars into the European economy in their own equivalent of the US quantative easing program (read money printing).
On Friday, the A-REIT Sector took off from the opening bell and never looked back. Some one must have put up a neon sign saying "Hey look at the A-REIT Sector, yields at 5% way better than ECB bank rates and a low entry cost of US$0.80". And the money poured into our market, pushing share prices up to new six year highs. Only question now is, "How long can it last?"
The A-REIT Table for closing prices for Weekending 23 January 2015 follows:
The comparison table of this weeks closing prices versus last weeks closing prices follows:
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
Jaw dropping. That's the only description that adequately describes the movement in the A-REIT Sector this week. On Wednesday, in one day, the A-REIT Sector reversed the retrace of the previous seven (7) trading days. On Thursday, the sector struggled to hold the reversal and frankly I was expecting a retrace on Friday to provide some trade entry opportunities. Then the European Central Bank (ECB) announced that they would inject 1.3 trillion dollars into the European economy in their own equivalent of the US quantative easing program (read money printing).
On Friday, the A-REIT Sector took off from the opening bell and never looked back. Some one must have put up a neon sign saying "Hey look at the A-REIT Sector, yields at 5% way better than ECB bank rates and a low entry cost of US$0.80". And the money poured into our market, pushing share prices up to new six year highs. Only question now is, "How long can it last?"
The A-REIT Table for closing prices for Weekending 23 January 2015 follows:
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| ABP | 3.040 | 1,563,919,287 | 0.2227 | 7.33% | 0.1675 | 5.51% | 13.65 | 2.38 | 27.73% |
| BWP | 2.800 | 1,791,229,513 | 0.2434 | 8.69% | 0.1471 | 5.25% | 11.50 | 2.07 | 35.27% |
| CHC | 4.730 | 1,679,393,784 | 0.2561 | 5.41% | 0.2230 | 4.71% | 18.47 | 2.38 | 98.74% |
| CQR | 4.450 | 1,659,374,531 | 0.2395 | 5.38% | 0.2730 | 6.13% | 18.58 | 3.40 | 30.88% |
| CMW | 1.070 | 1,856,770,768 | 0.1062 | 9.93% | 0.0789 | 7.37% | 10.08 | 0.73 | 46.58% |
| DXS | 7.600 | 6,882,041,657 | 0.4956 | 6.52% | 0.3756 | 4.94% | 15.33 | 6.36 | 19.50% |
| FDC | 3.010 | 4,297,201,111 | 0.3091 | 10.27% | 0.1570 | 5.22% | 9.74 | 2.37 | 27.00% |
| GMG | 6.070 | 10,594,942,570 | 0.3820 | 6.29% | 0.2070 | 3.41% | 15.89 | 2.88 | 110.76% |
| GPT | 4.500 | 7,584,574,298 | 0.3045 | 6.77% | 0.2080 | 4.62% | 14.78 | 3.82 | 17.80% |
| IOF | 3.850 | 2,364,082,713 | 0.2990 | 7.77% | 0.1850 | 4.81% | 12.88 | 3.35 | 14.93% |
| MGR | 1.915 | 7,080,132,964 | 0.1219 | 6.37% | 0.0900 | 4.70% | 15.71 | 1.66 | 15.36% |
| NVN | 2.300 | 7,015,818,172 | 0.1361 | 5.92% | 0.1360 | 5.91% | 16.90 | 1.90 | 21.05% |
| SCP | 1.895 | 1,229,150,666 | 0.1220 | 6.44% | 0.1080 | 5.70% | 15.53 | 1.57 | 20.70% |
| SCG | 3.860 | 20,551,785,177 | 0.2150 | 5.57% | 0.2150 | 5.57% | 17.95 | 2.88 | 34.03% |
| SGP | 4.350 | 10,217,048,336 | 0.2280 | 5.24% | 0.2400 | 5.52% | 19.08 | 3.53 | 23.23% |
| WFD | 9.680 | 20,115,908,160 | 0.4380 | 4.52% | 0.4380 | 4.52% | 22.10 | 3.80 | 154.74% |
The comparison table of this weeks closing prices versus last weeks closing prices follows:
| Share | Code | Closing_Price | Closing_Price | Change$ | Change% |
|---|---|---|---|---|---|
| 16-Jan-15 | 23-Jan-15 | ||||
| Abacus Property | ABP | 2.980 | 3.040 | 0.06 | 2.01% |
| BWP Trust | BWP | 2.720 | 2.800 | 0.08 | 2.94% |
| Charter Hall | CHC | 4.590 | 4.730 | 0.14 | 3.05% |
| Charter Hall Retail | CQR | 4.260 | 4.450 | 0.19 | 4.46% |
| Cromwell | CMW | 1.035 | 1.070 | 0.04 | 3.38% |
| Dexus | DXS | 7.050 | 7.600 | 0.55 | 7.80% |
| Federation Centres | FDC | 2.890 | 3.010 | 0.12 | 4.15% |
| Goodman Group | GMG | 5.790 | 6.070 | 0.28 | 4.84% |
| GPT Group | GPT | 4.380 | 4.500 | 0.12 | 2.74% |
| Investa Office | IOF | 3.660 | 3.850 | 0.19 | 5.19% |
| Mirvac Group | MGR | 1.835 | 1.915 | 0.08 | 4.36% |
| Novion Property Group | NVN | 2.180 | 2.300 | 0.12 | 5.50% |
| SCA Property Group | SCP | 1.835 | 1.895 | 0.06 | 3.27% |
| Scentre Group | SCG | 3.750 | 3.860 | 0.11 | 2.93% |
| Stockland Property | SGP | 4.130 | 4.350 | 0.22 | 5.33% |
| Westfield Corporation | WFD | 9.060 | 9.680 | 0.62 | 6.84% |
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 21 November 2014, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 21 November 2014. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The table figures for SCG and WFD are based on the proposal issued 4 December 2013. The issued shares are correct but the Earnings and Distributions are based on the December proposal 2014 forecast earnings. These figures will be adjusted as and when Scentre/Westfields release their respective figures. SCG has advised on 6 November 2014 "Scentre Group reconfirms its forecast FFO of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the six months ending 31 December 2014".
5. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
6. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck
.- Joined
- 8 December 2014
- Posts
- 60
- Reactions
- 2
Sorry if this is the wrong thread and if it's a silly question.
I was looking through all the A-REITs and they're all invested in commercial property (or retirement residential). I'm interested in residential property, are there any A-REITs that invest soley or have a large portion of their portfolio in residential property?
I was looking through all the A-REITs and they're all invested in commercial property (or retirement residential). I'm interested in residential property, are there any A-REITs that invest soley or have a large portion of their portfolio in residential property?
