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

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 -