December Monthly Newsletter Atlas High Income Property Fund

  • In December Listed Property was one of the top returning sectors on the ASX gaining by +1.7%, significantly stronger than the ASX200 return of -0.4%. The key driver of this outperformance was strong returns from the Trusts with significant development earnings, with the market ignoring the impact that a weakening residential property market will have on development profits.
  • The Atlas High Income Property Fund fell by -0.3% in December as the rent-collecting trusts traded in-line with the overall Australian market.  Atlas has the strong view that Trusts with recurring revenues from long-term leases will outperform those with one-off development profits through the cycle delivering more consistent returns to investors.
  • The Fund paid a distribution of 4.6 cents per unit at the end of December.

Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2019.