- The Fund posted a gain of +0.6% over the last month of 2017, ahead of the underlying ASX 200 A-REIT index. December was dominated by the news of the potential takeover of Westfield by Unibail-Rodamco. Outside of Westfield, the overall performance of the index was weak.
- The Fund remains positioned towards Trusts that offer recurring earnings streams from rental income rather than development profits, we see that this is likely to position us well going into 2018, as the property development market cools.
- In December the Fund paid a distribution of $0.05; an increase of +2.9% over the September quarter distribution.
Go to Monthly Newsletters for a more detailed discussion of the listed property market in December and the fund’s strategy going into 2018.