I have noted that DXS is part of your income portfolio. Do you recommend that long term as yield stock?
Also, what are your thoughts about WFD as part of yield portfolio in terms of earnings in USD?
I would prefer to have only one A-REITs stock in my portfolio of 20.
A: Dexus (DXS) and Westfield (WFD) are very different beasts – the former a domestically focused commercial property trust - the latter, an internationally focused developer of retail shopping malls.
If income is the driver, I would stick with Dexus. If growth is the driver, I would go with Westfield.
I am not inclined to be overweight this sector (it has had a great run, but getting expensive) – so I would be fairly selective in how I approach it.
