AMP Capital Wholesale Australian Property Fund

Core Property has reviewed the "AMP Capital Wholesale Australian Property Fund"

The Fund is the largest unlisted open-ended property fund available to retail investors in Australia with gross assets of $1.9 billion, primarily invested in Direct Properties (92.5%) with a small allocation to ASX listed securities (5.4%), with the remainder in cash and other assets.

The Direct Property component provides a well-diversified portfolio of 25 properties across the retail, office and industrial sectors. The portfolio enjoys a 98% occupancy and a weighted average lease expiry (WALE) of 4.2 years. The Fund also benefits from low gearing and a diverse tenant mix.

Core Property expects FY19 distributions to be around 7.48 cpu, implying a distribution yield of around 5.6%.

In Core Property’s opinion the Fund is suited for investors seeking a stable income distribution yield backed by a well-diversified portfolio with conservative balance sheet metrics. Core Property has rated the Fund as RECOMMENDED.

Want to learn more about the Fund?

Fund Manger Christopher Davitt held an exclusive webinar on Tuesday 31st July, where he provided an overview of the Fund, outline its strategic direction and the Fund's outlook and priorities. 

Click here to register for access to the recording