APZ 2.59% $1.69 aspen group

Aspen was featured in the AFR this...

  1. 42 Posts.
    lightbulb Created with Sketch. 1
    Aspen was featured in the AFR this morning:

    https://www.copyright link/wealth/personal-finance/how-to-profit-from-niche-australian-reits-20210726-p58czt

    Here is an extract:

    "Some niche property companies look more like tech stocks as valuations soar and investors pay bigger premiums for real estate in high-growth sectors.Lifestyle Communities, a developer of land-lease communities for retirees, has returned 89 per cent over one year. Arena REIT, a childcare property owner, is up 70 per cent. Ingenia Communities Group, a holiday-park owner, is up 26 per cent, after a few years of gains.


    Berry favours niche A-REITs in holiday parks and lifestyle communities, such as the micro-cap Aspen Group. “Holiday parks have appealing long-term growth prospects,” he says. “Demand for affordable accommodation is rising, holiday parks have relatively low capital expenditure once land is acquired, yields are attractive and the value of the underlying land will rise over time. In the short term, COVID-19 has boosted domestic travel and holiday park demand.

    Forrest also favours holiday-park operators and property companies that provide houses for retirees. “The long-term trend of retirees downsizing and seeking affordable accommodation is attractive. More retirees will look to sell the family home in coming years to unlock capital. They’ll buy smaller, cheaper accommodation and live off the surplus funds. That’s good for land-lease communities and holiday-park operators that benefit from retiree travel.

    Forrest says the key to investing in niche A-REITs is the manager. “Operating leases in niche properties tend to be longer, so you need to be comfortable with the property manager, asset quality and tenant mix,” she says. “Niche A-REITs can diversify property portfolios and increase exposure to attractive long-term growth sectors. But they can also come with higher risks.” "
 
watchlist Created with Sketch. Add APZ (ASX) to my watchlist
(20min delay)
Last
$1.69
Change
-0.045(2.59%)
Mkt cap ! $304.5M
Open High Low Value Volume
$1.73 $1.78 $1.69 $383.9K 224.0K

Buyers (Bids)

No. Vol. Price($)
1 1945 $1.69
 

Sellers (Offers)

Price($) Vol. No.
$1.78 5801 2
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$1.69
  Change
-0.045 ( 2.59 %)
Open High Low Volume
$1.73 $1.73 $1.69 20738
Last updated 15.59pm 28/03/2024 ?
APZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.