Fund Update - March 2026 Quarter

The ASA Diversified Property Fund continues to deliver resilient performance, supported by a high-quality portfolio and a disciplined, income-focused strategy.

Since inception in 2006, the Fund has never missed a monthly distribution and has delivered a 9.3% per annum total return over the past 10 years. As at March 2026, the Fund offers a distribution yield of 7.05% per annum, with strong portfolio fundamentals including 99.5% occupancy and a weighted average lease expiry of 8.9 years.

The portfolio remains defensively positioned, with a strong weighting toward non-discretionary retail and long-term leases to major national tenants. Active asset management continues to drive performance, with leasing activity and rental uplifts supporting stable income growth.

During the quarter, the Fund enhanced its portfolio through the sale of Busselton Central and the acquisition of a high-quality office asset in Collingwood at a compelling entry point, positioning the portfolio for improved diversification and long-term returns.

While market conditions remain mixed, the Fund is well positioned to deliver stable income and potential capital growth, supported by strong asset quality, limited new supply and embedded rental growth. The Fund maintains a solid balance sheet, with gearing at 41.1% and continued positive equity inflows over the past 12 months. 

Looking ahead, the Fund remains focused on delivering consistent income and is targeting total return in excess of 10% per annum over the next five years. 

View the full March 2026 Fund Update here: March 2026 Fund Update