Tim Hannon

Duet (DUE) owns regulated gas and electricity utilities . The company has recently undertaken a major capital raising of $1.7 billion (DUE market capitalisation $2.9 billion) to purchase Energy Developments (ENE). ENE is involved in remote energy, waste coal mine gas and landfill gas. Whilst there is natural scepticism around... Show More

Tim Hannon

APN Property Group (APD) is a real estate focused fund manager with a twenty year trading history. Like many real estate companies, APD experienced a tumultuous time during the 2007/08 global financial crisis. Now in 2015 the company is very well capitalised and has four business units that have developed... Show More

Tim Hannon

Aurizon is Australia’s largest rail freight company, transporting general freight, iron ore and coal. The Company has been an excellent performer since listing, with the management team delivering successfully on a productivity improvement program that has seen major margin improvement. AZJ remains a moderate consensus buy call, with the market... Show More

Tim Hannon

The merger between retail shopping centre landlords Novion (NVN) and Federation Centres (FDC) creates material economic value. Approximately 60% of the ~ 12%earnings upgrade delivered is very high quality, stemming from economies of scale, specifically reducing overhead costs and enhancing development capabilities. The balance of the earnings upgrade comes... Show More

Tim Hannon

High growth National Storage REIT (NSR) has just raised $45.9 million in an institutional placement to continue to consolidate the highly fragmented Australian self storage market. NSR should be able to generate strong earnings growth from acquisitions - we are expecting the combination of organic growth and acquisitions should see... Show More

Tim Hannon

The Freehold Absolute Return fund generated a +1.69% return over April, bringing the since inception number (10 months) to +17%. Best performer for the month was National Storage (NSR) which rose materially after announcing the first major acquisition since listing. For our monthly newsletter please visit: www.freeholdim.com.au/downloadables/Freehold%20Absolute%20Return%20Fund%20-%20April%202014.pdf Show More

Thanks James. The two chief reasons for the higher yield is that REITs generally do not have franking, and they are generally lower growth than the broader equities market, so investors are compensated for that via a higher yield. That said, the yield from a REIT is generally much safer than an equity given it is backed by in place leases.

On The Australian REIT sector has experienced a stellar month of April to date, up 5.3% so far, driven by strength across leading securities -