The Australian REIT sector has experienced a stellar month of April to date, up 5.3% so far, driven by strength across leading securities
Tim Hannon
Newgate Capital Partners
The Australian REIT sector has experienced a stellar month of April to date, up 5.3% so far, driven by strength across leading securities. Over April, Westfield Group is up 6.3%, Westfield Retail up 6.4% and General Property Trust up 6.8%. We attribute market strength to falling bond yields on the back of weak inflation data which implies interest rates are on hold in the short term. We expect some catch up in lagging names such as Growthpoint Australia and Australian Industrial REIT, both which have delivered flat performance for the month. Both of these REITs own industrial assets and are yielding 7.5% and 8.5% respectively, well above that of the broader AREIT sector. Disclosure: Freehold Funds own interests in the securities mentioned. (VIEW LINK)
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Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian Equities, Head of Real Estate and Co-Manager of Global Real Estate Securities portfolios with Goldman Sachs LLP. Tim was also founder and co-manager of the Goldman Sachs JBWere Australian Infrastructure Securities Fund, and co-manager of the award winning Goldman Sachs JBWere Emerging Leaders Fund. Over his career, Tim has been nominated or won eight distinguished industry awards, including “Fund Manager of the Year”.
Tim holds a Bachelor of Economics and a Graduate Diploma from the Securities Institute of Australia. Tim is also a Fellow of the Financial Institute of Australia and holds a Masters of Business Administration from Melbourne Business School.
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Tim Hannon
Principal
Newgate Capital Partners
Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian...
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Tim Hannon
Principal
Newgate Capital Partners
Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian...
Expertise
No areas of expertise
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