A Look At Popular REIT Stocks - RFF, CMW, CIP

  • Apr 27, 2019 AEST
  • Team Kalkine
A Look At Popular REIT Stocks - RFF, CMW, CIP

The below-mentioned stocks are popular REIT stocks, which have witnessed improvement in their share prices over the course of the last six months. Let's look at each of them closely.

Rural Funds Group (ASX: RFF)

Real estate investment trust, Rural Funds Group (ASX: RFF) derives its revenues from leasing almond orchards, macadamia orchards, vineyards, cattle properties, cotton properties, agricultural plant and equipment, poultry property and infrastructure. For six months ended 31 December 2018, the company reported a net profit after income tax of $18,408,000. Recently, Rural Funds Management Limited, a responsible entity and manager for the Rural Funds Group contracted to acquire ‘Cobungra’, a 6,486-hectare (ha) cattle property located in Victoria, which has the potential for productivity enhancements with the development capital expenditure attracting additional rent.

In the past six months, the share price of the company increased by 5.66% as on 23 April 2019. At market close on 24th April 2019, RFF’s stock was trading at a price of $2.260, with a market capitalisation of circa $747.37 million and an annual dividend yield of 4.61%.

Cromwell Property Group (ASX: CMW)

A diversified real estate investment manager, Cromwell Property Group (ASX: CMW) is running its operations in Australia, Singapore and Europe. Recently, the company made an approach to the Board of RDI regarding a potential transaction and submitted a conditional proposal subject to a short extension under Rule 2.6(c) of the City Code on Takeovers and Mergers (Code) and RDI Board approval. However, RDI has taken a decision to not support a further period of due diligence as its Board believes that the proposal will undervalue RDI and its prospects.

At the end of December 2018, the company had around A$11.5 billion of assets under management, and more than half of it is concentrated in Europe. The company is seeking to expand its investment footprint in the UK and Europe, with capital partner support.

In the past six months, the share price of the company increased by 10.03% as on 23rd April 2019. At market close on 24th April 2019, CMW’s stock was trading at a price of $1.125, with a market capitalisation of circa $2.49 billion and an annual dividend yield of 6.74%.

Centuria Industrial REIT (ASX: CIP)

ASX-listed specialist investment manager, Centuria Industrial REIT (ASX: CIP) recently entered into an underwriting agreement with Moelis Australia Advisory Pty Ltd (Moelis) to fully underwrite the Distribution Reinvestment Plan (DRP) take-up rate to 100%. The company will pay a distribution of 4.6 cents per unit for the March quarter and will raise $12.3 million through the DRP underwriting. The raised amount will be used to reduce debt following the recent acquisition of 16-18 Baile Road, Canning Vale, Western Australia (WA). The issue price of the units to be allotted to eligible participants in the Dividend Reinvestment Plan (DRP) for the interim dividend payable for the quarter to 31 March 2019 is $3.0001 per unit.

As at 31 December 2018, the total value of the trust's portfolio stands at $1,154.7 million.

In the past six months, the share price of the company increased by 9.70% as on 23rd April 2019. At market close on 24th April 2019, CIP’s stock was trading at a price of $3.040, with a market capitalisation of $802.94 Million and an annual dividend yield of 6.2%.


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