- After strong gains in November, December was a quiet month for both listed property and the wider ASX. Positive news on both vaccine roll-outs and Brexit was outweighed by further short-term lockdowns in Australia and fears of a mutated virus strain originating in the UK spreading around the globe.
- The Atlas High Income Property Fund declined by -0.4% in December despite the absence of any new company-specific news. Despite experts in the press in early 2020 forecasting minimal to no distributions this year; of the ten trusts held in the Fund that were expected to declare distributions at the end of December, all ten paid distributions with most unchanged from what was paid in December 2019.
- The Fund declared a quarterly distribution of $0.032 per unit for the December Quarter. The distribution was paid to investors in early January.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2021.