Author Archive for: Kevin Prosser

Entries by Kevin Prosser

Weighing COVID-19’s mixed impact on global infrastructure securities

During the September 2020 quarter global infrastructure securities (+0.8% in AUD hedged terms) saw early gains almost negated and again underperformed the broader global equities index (+6.3% AUD hedged) for the fourth successive quarter. Unhedged infrastructure returns (-2.0%) were again held back by a stronger Australian dollar. For the calendar year to date, the returns […]

A-REIT sector is still a tale of two markets

The Australian property securities market has seen most prices continue to recover during the September quarter 2020 as the reporting season was better than expected. However, the bifurcation between sub-sectors is similar to the global property securities markets. Industrial/Logistics, specialist, funds management, large format, and non-discretionary retail sectors have outperformed in calendar 2020. Discretionary retail […]

Global Listed Property Outlook

Traditionally a defensive asset class with yield, backed by leases delivering reliable income streams; global listed property appears to be better positioned than most asset classes for a post COVID-19 world. As at 31 May 2020, G-REITs appear to be attractively priced relative to other asset classes, trading at a -13% discount to Net Asset […]

Pressure mounts on funds to revalue assets

In the wake of the large falls in listed market valuations for stocks, including listed property and infrastructure stocks which to date have seen pricing falls close to the same as broader equity markets, inevitably the disconnect with unlisted valuations rears its head. Even prior to the recent market falls, private property and infrastructure asset […]

Important information: Any express or implied rating or advice is limited to general advice, it doesn’t consider any personal needs, goals or objectives.  Before making any decision about financial products, consider whether it is personally appropriate for you in light of your personal circumstances. Obtain and consider the Product Disclosure Statement for each financial product and seek professional personal advice before making any decisions regarding a financial product.