Stirling Diversified Enhanced Yield Fund

Diversified property fund targeting regional and capital city properties with a 6.5% - 7.5% distribution yield

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Core Property has reviewed the Stirling Diversified Enhanced Yield Fund, an open-ended property fund managed by Stirling Property Funds. 

The Fund is a registered managed investment scheme that invests in a diversified portfolio of properties in regional and capital cities that are well placed to benefit from decentralisation and increased investment in infrastructure.

The Fund has already acquired two industrial properties at Mayfield West, in Newcastle NSW and is under contract to acquire a third property, a large format retail centre in MacGregor, in metropolitan Brisbane QLD.

The Responsible Entity is seeking to raise $25.2M to fund the acquisition, through the offer of 25.2M units priced at $1.00 per unit.

Core Property estimates the Fund can pay a 7.2% p.a. distribution in FY22 based on the three properties. Additional acquisitions are expected to be maintain the distributions within the Fund's target distribution range of 6.5% - 7.5% p.a.

Core Property has rated the Fund as RECOMMENDED. 

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.