Three ASX-listed REITs eyeing 52-week highs

Summary

  • The ASX provides access to a significant A-REIT portfolio across a wide range of property segments.
  • There are several companies in this space that have paid regular dividends despite the market remaining volatile in the past few months.
  • Centuria Industrial REIT, and Arena REIT are a few names to consider.

The investors can access a huge A-REIT portfolio spread across a wide range of property segments on the ASX. The portfolio includes industrial trusts, office trusts, theme parks, among others. The shareholders can pocket a share of income without any need to buy, manage, and finance the property.

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The investors can invest in these assets via the purchase of an individual company stock or a mutual fund or an exchange traded fund (ETF).

There are several large- and mid-cap companies that have paid regular dividends despite the market remaining volatile in the past few months.

Source: ©  Khz       | Megapixl.com

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Here are three stocks that are eyeing 52-week highs:

Centuria Industrial REIT (ASX:CIP)

Centuria Industrial is among the largest domestic industrial REITs in Australia. Australia Post and Woolworths Group (ASX:WOW) are among its quality tenants. In the recent past, the company came out with several announcements, including Arndell Park distribution centre acquisition and Woolworths lease extension. The share price scaled its 52-week high of AU$3.50 on Monday. Centuria’s pre-COVID-19 high stands at AU$3.75. The FY21 distribution guidance of the company stood at 17 cents per share, implying a yield of nearly 4.8%.

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Arena REIT (ASX:ARF)

Arena REIT invests in long-duration properties, including education and childcare to generate steady dividend yield for investors.  The company announced a distribution guidance of 14.8 cents per share for FY21, implying a dividend yield of nearly 4.2%.  The stock hit an all-time high of AU$3.55 on Monday. The share price surpassed its pre-coronavirus period high of AU$3.39 earlier in May.

READ MORE: IPO Watch: 12 companies filed for ASX listing in June

Goodman Group (ASX:GMG)

Goodman Group focuses on high-quality, in-demand properties, including business sparks and warehouses. The company reaffirmed its forecast of AU$1.2 billion operating profit for FY21 in its third-quarter update, implying a growth in earnings per share of 12% compared to FY20. Goodman also reaffirmed its full-year distribution of 30 cents per share, implying a yield of 1.50%. Goodman shares on Monday hit a high of AU$19.37 and are eyeing an all-time high of AU$20.

READ MORE: How protective are COVID-19 vaccines against new variants?

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