US REITs that are traded on the ASX?

[meric]

First post here.

I feel it is a good time to get into US property but is having trouble finding companies/funds heavily exposed to US property listed on ASX.

I've looked at TSO, CNP, RCU and all of them are unsuitable.

TSO: Getting acquired.
CNP: They sold their US holdings and is in financial trouble.
RCU: In financial trouble.[*]

I've just been trying to find these things in:
http://www.asx.com.au/products/managed-funds-product-list.htm
But the information is obscure. (There don't have labels saying "US Property" on them.)

Does anyone know of more US REITs listed on ASX with not too much debt?

If there is an ETF based on a all-US property index I would definitely be interested too.

[*] Seems to be trading halt today. Either more trouble or getting acquired. Neither of them good news to me.

 

[skc]

First post here.

I feel it is a good time to get into US property but is having trouble finding companies/funds heavily exposed to US property listed on ASX.

I've looked at TSO, CNP, RCU and all of them are unsuitable.

TSO: Getting acquired.
CNP: They sold their US holdings and is in financial trouble.
RCU: In financial trouble.[*]

I've just been trying to find these things in:
http://www.asx.com.au/products/managed-funds-product-list.htm
But the information is obscure. (There don't have labels saying "US Property" on them.)

Does anyone know of more US REITs listed on ASX with not too much debt?

If there is an ETF based on a all-US property index I would definitely be interested too.

[*] Seems to be trading halt today. Either more trouble or getting acquired. Neither of them good news to me.

MIX

 

[ROE]

WDC has exposure to the US

 

[meric]

MIX

I'd have preferred residential property but I guess this may have to do. Rose 7% yesterday, ouch.

WDC is also exposed to Australian property, so not really what I am looking for.

 

[rcm617]

If you register with a broker dealing on the Newcastle Stock exchange, they have a pure residential property play, US Masters Residential Property fund, URF.
They started up about six months ago and are buying up properties at the moment.
They buy in the New York metropolitan area. Fairly illiquid like most shares on the NSX.

 

[skc]

I'd have preferred residential property but I guess this may have to do. Rose 7% yesterday, ouch.

7% is like their normal spread. The question is whether to sit and wait or to reach...

 

[Huskar]

RCU and RNY are both pure US commercial property plays and the only such ones I know of still listed on the ASX. But they both have significant debt and their substantial discount to net assets is reflective of the doubts as to whether they can finance (let alone repay) this debt.

Both recently released end-of-year figures and RNY looks in better shape perhaps reflective of the fact that its manager is located in New York while RCU's manager sits in Sydney. RNY has been able to stave off its bankers for a bit longer and my opinion is that it will survive a bit longer. Not so sure about RCU.

Disc: I own RNY

First post here.

I feel it is a good time to get into US property but is having trouble finding companies/funds heavily exposed to US property listed on ASX.

I've looked at TSO, CNP, RCU and all of them are unsuitable.

TSO: Getting acquired.
CNP: They sold their US holdings and is in financial trouble.
RCU: In financial trouble.[*]

I've just been trying to find these things in:
http://www.asx.com.au/products/managed-funds-product-list.htm
But the information is obscure. (There don't have labels saying "US Property" on them.)

Does anyone know of more US REITs listed on ASX with not too much debt?

If there is an ETF based on a all-US property index I would definitely be interested too.

[*] Seems to be trading halt today. Either more trouble or getting acquired. Neither of them good news to me.