Alpine: Global Fund Eyes Premier Properties
10/12/2017 5:00 am EST
Alpine Global Premier Properties Fund (AWP) currently is offering a 9.26% dividend yield and its share price has gained almost 20% over the past 12 months, notes income expert Ned Piplovic, editor of DividendInvestor.
This fund’s combination of strong share price growth, high-yielding dividend distributions and the relatively inexpensive share price of around $6.50 per share could be an affordable way for investors to get exposure to the international real estate market.
Alpine Global Premier Properties Fund is a diversified, closed-end management investment company. As of August 31, 2017, the fund’s $617 million in total assets were allocated across nine sectors, 10 countries and 102 individual holdings.
The fund invests in securities, equity-linked structured notes, equity-linked securities and various other derivative instruments, which could be illiquid. AWP invests in issuers that are principally engaged in the real estate industry or real estate financing that controls real estate assets.
More than 26% of the fund’s assets are invested in securities backed by residential real estate. The Diversified sector has the second-highest asset share with 17.54% and the sector classified Other follows with a 12.13% share.
The remaining assets are distributed among the Retail, Financial, Office, Lodging and Industrial sectors with shares ranging between 12% and 4.5%. Only a minor share of 0.26% is allocated into the Mortgage/Finance sector.
The combination of the steady dividend income and the substantial asset appreciation delivered a 26.64% total return over the past 12 months. The extended period performance was equally good with a 20.38% total return for the last three years and 30.73% for the previous five years.