In investing, there’s real value in knowing how much something is actually worth. And nothing better illustrates that fact than the three-year tussle for control of Investa Office Fund (IOF), a now former holding of the APN AREIT Fund. Show More
The Australian Real Estate Investment Trust sector’s total return of 13.2% for the 2018 financial year might get investors a little excited, especially with earnings growth of 3.4%1 over the period. Here we summarise the 3 key themes from reporting season and run through each of the main sub-sectors. Show More
Aventus Retail Property Fund offers a quality, active management team that is consistently seeking to maximise returns from a well-diversified portfolio of assets valued at almost $2b. A 7%+ distribution yield sourced from defensive income is attractive to yield-focused investors. We cover the key takeouts here from today's announcement, and... Show More
The battle for Investa Office Fund (IOF) hasn’t lasted quite as long as the Anglo-French 100-year war but it’s beginning to feel like it might. Since December 2015, when Dexus lodged a bid for the office property specialist, there have been four further attempts to gain control of the company,... Show More
Offer was 4% above NTA and 11% above last closing. Stock had been trading 10-15% disc to NTA over prior 3 months. However APN feels there is further value + future growth investors should reasonably be rewarded for. Not sure what Directors strategy is except to say transaction has other considerations not addressed in this article.