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Westlawn Property Trust (ARSN 095 611 804) is an open-ended, unlisted property trust aiming to provide stable, tax efficient, monthly distributions from a growing commercial property portfolio. The Trust was established in 1994 with 13 investors and one property. It was converted to a public Trust in 2001 and today has 17 properties and approximately 1,000 investors.
Westlawn Property Trust provides the opportunity for investors to gain exposure to high quality commercial property that may otherwise be out of reach of many investors. Through the pooling of investors funds, the Trust purchases direct real property assets. Then, using the skills and expertise within the Manager (Clarence Property), those assets are leased to quality tenants who in turn provide regular rental cashflow back to the Trust. The net rent is then paid (distributed) to our investors each month. Over time investors, principally as a result of the Manager's prudent asset selection and sound property management, could expect the value of their investment in the Trust to grow in value. A summary of the historical returns delivered to investors by the Trust are set out below.
Features of the Trust
| Current Unit Price: |
$1.00 (30 Jun 10) |
| Minimum Investment: |
There is no minimum investment |
| Distribution Rate: |
4.0 cents per unit p.a. |
| Distribution Frequency: |
Monthly |
| Reinvestment Option: |
Yes |
| Tax Deferred Income: |
Estimated to be 100% for 2010/11 financial year |
| No. of Properties: |
17 |
| Gross Rent: |
$29.3 million (10/11 budget) |
| Portfolio Value: |
$285 million |
| Borrowings: |
Conservative gearing ratio of c.57% 66% interest rate hedged until 2013 |
| Capital Growth: |
There is potential for capital growth over the medium to long term |
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The Trust caters for:
Self managed super funds; Investors seeking monthly income distributions; and Investors seeking growth and who can take advantage of the distribution reinvestment facility.
Facts & Figures (as at 30 Jun 10)
Annualised Investment Returns *
|
1 Year |
3 Years |
5 Years |
7 Years |
| Income |
5.8% |
7.5% |
7.8% |
8.5% |
| Growth |
-27.5% |
--11.0% |
-1.5% |
1.6% |
| Total |
-21.7% |
-3.5% |
6.3% |
10.1% |
* The returns quoted are historical, calculated to 30 June 2010 and do not allow for the effects of income tax and CPI. Note that past performance may not be a reliable guide to future performance. Returns may vary over the life of the investment. |