SUMMARY
The Australian REIT sector continued its rollercoaster ride of performance, delivering a +5.2% return in April, after the RBA’s pause in rates at 3.60%. This saw the sector recover most of its decline in the previous month, with year-to-date performance slightly ahead of the broader market.
The Fund returned +4.2% in the month of April, with our exposure to Centuria Capital Group (CNI+13.6%) and Stockland Group (SGP +11.8%) contributing the most to performance, whilst our exposure to RAM Essential Services Property Fund (REP -2.0%) and HealthCo Healthcare and Wellness REIT (HCW -0.4%) detracted from performance.