Solid earn­ings ahead

Finweek English Edition - - SIMON SAYS -

Listed prop­erty stock Rock­cas­tle’s re­sults throw up a num­ber of in­ter­est­ing points that con­firm its at­trac­tive­ness as an in­vest­ment ve­hi­cle for listed prop­erty. The US makes up al­most 44% of as­sets, with UK and Europe just over 12% each. Both Sin­ga­pore and Canada are just around 10%. Re­tail is Rock­cas­tle’s main area of fo­cus at just un­der 60%. It also has the three projects in Zam­bia and has just con­cluded a joint-ven­ture deal to build a mall in Poland. For share­hold­ers this means a solid un­der­pin of ge­o­graph­i­cally di­verse as­sets with a num­ber of malls in pre­vi­ously ig­nored re­gions. This split should give solid earn­ings and is well worth in­vest­ing in for in­ter­na­tional prop­erty ex­po­sure with some added emerg­ing-mar­ket ex­po­sure.

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