I agree that the yield at the present share price level is very attractive for someone simply looking to park some spare funds. However, in my opinion the share price is likely to remain volitile for some time, until some real signs of recovery occur in the USA in respect of a lowering unemployment and an increase in home building/financing.
Macquarie Country Wide property portfolio is predominantly the smaller shopping malls the likes of which Westfield and Centro considered too small to invest in.
Macquarie Country Wide property portfolio is predominantly the smaller shopping malls the likes of which Westfield and Centro considered too small to invest in.
These malls have been hardest hit by shop vacancies and incentives to existing tennants due to the economic downturn and the resultant drop in retail spending by the US citizens.
However, when the US starts to show recovery in this area the share price will rise acordingly. In the meantime the share price is likely to rise and fall and provide some trading opportunities as well as lower entry prices for the investor looking to maximise their yield returns.
