Five real estate ASX shares with dividend yields over 5%

Summary 

  • Companies that pay regular dividends tend to attract investors seeking a consistent, passive income source.
  • Real estate players, especially real estate investment trusts (REITs), generally pay a significant portion of their earnings as dividends.
  • Cromwell Property, Vicinity Centres, Stockland, Charter Hall Retail, and Waypoint REIT are some of the leading dividend-paying real estate players listed on the ASX.

Mature and well-established firms are generally known as regular dividend payers and are an attractive option for investors looking for a stable source of income. Real estate investment trusts (REITs) and master limited partnerships typically pay a higher dividend than other sector players. A big reason for this is that to avoid tax, these companies need to distribute a considerable portion of their profits as dividends.

© Youmademoney | Megapixl.com

A higher dividend yield indicates an attractive opportunity. However, there would be instances where the improved dividend yield could be because of the drop in the share price.

This article will look at five stocks from the retail sector space with a dividend yield higher than 5%.

Cromwell Property Group (ASX:CMW)

Real estate investor Cromwell Property Group has an annual dividend yield of 8.13% as of 28 July 2021. Cromwell Property Group runs in 3 continents & has a global investor base. The Company is included in the ASX 200 and has a market cap of AU$2.25 billion.

As of 31 December 2020, the Company had a direct property investment portfolio of AU$3.0 billion and a total asset under management (AUM) of AU$11.6 billion across Australia, New Zealand, and Europe.

Since 2016, the Company has constantly provided a dividend to its shareholders.  For FY2021 (period ended 30 June 2021), the Company announced a dividend of AU$0.01625, which would be paid on 20 August 2021.

Vicinity Centres (ASX:VCX)

Vicinity Centres is among the leading retail property groups in Australia, with a fully integrated asset management platform and AU$22 billion in AUM across 61 shopping centres. The Group has direct interest in 59 shopping centres and manages 30 assets on behalf of Strategic Partners, 28 of which are co-owned by the Group.

In the past five years, the Company had provided a dividend to its shareholders consistently. As of 28 July 2021, Vicinity Centres has an annual dividend yield of 6.75%. The Company announced a final dividend of AU$0.066 that would be paid on 31 August 2021.

ALSO READ : Vicinity (ASX:VCX) Proposes An Interim Dividend For 1H FY2021

Charter Hall Retail REIT (ASX:CLW)

Charter Hall Long WALE REIT invests in quality real estate assets leased to the government and corporates. Charter Hall Long WALE REIT is managed by Charter Hall Group, with more than 30 years of experience in handling high-quality real estate on behalf of institutional, wholesale, and retail customers.

Lately, Charter Hall WALE Limited recently signed a deal to acquire interests in three properties for ~AU$267 million.

Since 2017, CLW has consistently provided dividends. The Company has announced a final dividend of AU$0.074, which would be paid on 13 August 2021.  As of 28 July 2021, the Company has an annual dividend yield of 5.90%.

INTERESTING READ: How Charter Hall Retail clocked 24% surge in first half profit

Stockland Corporation Ltd (ASX:SGP)

Founded in 1952, Stockland has evolved as amongst the largest diversified property groups in Australia. SGP owns and develops residential communities, shopping centres, as well as retirement living villages.

On 19 July 2021, SGP announced that it signed binding agreements for the acquisition of the land lease communities business of Halcyon Group for AU$620 million along with transaction costs.

Since 2016, the Company has consistently provided a dividend to its shareholders. SGP announced a final dividend of AU$0.133, which would be paid on 31 August 2021. SGP has an annual dividend yield of 5.62%.

GOOD READ: Stockland (ASX:SGP) partners with special purpose vehicle

Waypoint REIT Ltd (ASX:WPR)

The biggest ASX-lister REIT, Waypoint REIT owns convenience retail properties and service station and with a portfolio of properties throughout Australia.

The Company aims to increase the long-term income and capital returns from its ownership of the portfolio for the benefit of all shareholders. Since 2017, the Company has constantly provided a dividend. For 2H FY2021, the Company announced a dividend of AU$0.0781 per share which would be paid on 31 August 2021. WPR has an annual dividend yield of 5.17%

ALSO READ: Which ASX shares pay the best dividends?

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK