- WOTSO acquired a neighbouring property to its previous Cremorne acquisition
- UOS appointed Jeslyn Leong as a non-executive independent director
- Emily Smith will be appointed as a non-executive director of Dexus Asset Management
A much-needed Eastertide break has now elapsed, and the market is back in full swing.
Last week, the ASX200 opened at 7,478 points, moving up early last Monday to 7,500.90, before tracking down across the day. Tuesday saw the market drop further, to a low of 7,434.60 points, before making a gradual recovery across the week.
On Maundy Thursday, the ASX filled up on some 45 points for its last supper before Easter, beginning the day at 7,479.00 before heading northward to 7,524.40 points. The market varied slightly before closing at 7,523.50 for the week.
The broader market
The ASX200 closed today at 7,565.20 points, up 42.80 or 0.56%. Energy and resources continued to form the majority of the top performers, with Cleanaway also making the top five. Biotechnology company Imugene (ASX: IMU) was the top performer, up 8.14%.
Top-performing ASX listed real estate company shares: 19 April 2022
| Company | Code | Price ($) | Change (%) |
| United Overseas Australia | UOS | 0.65 | +3.17 |
| Centuria Industrial REIT | CIP | 3.53 | +1.81 |
| Charter Hall Retail | CQR | 4.325 | +1.53 |
| Vicinity Centres | VCX | 1.88 | +1.35 |
| Axiom | AXI | 0.076 | +1.33 |
Source: ASX
The movement
On Tuesday last week, WOTSO (ASX: WOT) announced the acquisition of another property. The Cremorne, NSW acquisition will be WOTSO’s second in the northern Sydney suburb.
The co-working space company has now acquired a $5.2 million property neighbouring its previous Cremorne acquisition made late last year.
The property purchased last year is situated at 233-237 Military Road, acquired for $9.2 million. The latest acquisition is located at 239 Military Road, with settlement expected in mid-June.
Wednesday last week, Ingenia (ASX: INA) released a trading update that included news about the floods. The significant weather events across the east coast earlier this year has delayed several key INA projects in Queensland and NSW, with homes that were scheduled for completion in Q4 FY22 now expected to see completion in early FY23.
The company also noted demand for the company’s products remains at “record levels”.
On Thursday, Cedar Woods (ASX: CWP) announced its forecast full year NPAT is approximately $35 million, up from FY21 of $32.8 million, with a 60%-65% dividend payout ratio expected.
Presales for CWP have reached $600 million, up 40% from the same time last year ($426 million).
United Overseas Australia (ASX: UOS) announced the appointment of Jeslyn Leong as a non-executive independent director of the company.
Today, several other appointments were made in ASX-listed real estate companies.
Dexus Convenience Retail REIT (ASX: DXC) and Dexus Industrial REIT (ASX: DXI) announced that Emily Smith will be appointed as a non-executive director of Dexus Asset Management Limited (DXAM) and Industria Company No. 1 (IC1). Ms Smith will also Chair the DXAM audit, risk and compliance committee.
DXAM also announced that Jason Weate will be appointed fund manager of DXC.
US Student Housing REIT (ASX: USQ) announced its pre-leasing update for the 2023 academic year, with current occupancy at 94.3%. Pre-leasing was reported to be 20.7% ahead of last year at 67.2%.
That’s the latest in ASX listed real estate companies. If that sweet tooth is yet to be sated, have you seen the latest in Melburnian jam factories?
