The MPG Bulky Good Retail Trust provides an opportunity to invest in one of Australia’s fastest growing retail sectors.
Year started: 2005
Total Assets: $109.86 million (31 Dec 2022)
Assets: 4 x Large Format Retail Centres: Chirnside Homemaker Centre, Mildura Homemaker Centre, Dubbo Homemaker Centre, and Plains Junction
Core Property Rating: Recommended
Features & Benefits
- Secure national tenants such as JB Hi-Fi, Anaconda, Rebel Sport, Nick Scali, Fantastic Furniture, Chemist Warehouse, Petbarn, OMF and many more
- Attractive regular tax-advantaged returns*
- Potential for capital growth
- Defined exit strategy – 5 years remaining (June 2023) Rollover date: June 2028
- Experienced manager with a proven track record
- Limited recourse and fixed loans – 50% of the current debt is hedged until June 2024 with recourse limited to the assets and income of the Trust. The RE will look to enter into suitable interest rate strategies for the remaining debt to guard against future interest rate rises
- Suits all investors with a minimum investment of $10,800
Minimum investment: $10,000 with upward multiples of $5,000
September quarter 2023 Yield: 4.5%.
This equates to a forecast return of 18* cents per unit for the financial year ending 30 June 2024.
Distribution Frequency: Quarterly
Investment Term: 5 years remaining (June 2023) Rollover date: June 2028
WALE: 3.40 (30 September 2023)
NTA: $3.21 (30 June 2023)
Target Gearing: 55% (30 September 2023)
Tax Deferral: 0% (30 June 2022)
Liquidity: The Constitution allows Unit holders to withdraw in limited circumstances. An investment in the Trust is to be considered illiquid.
*Forecasts are estimates only and are not guaranteed to occur. Please refer to the Product Disclosure Statement (PDS) dated 11 April 2022 for details relating to forecasts.
An investment in the MPG Bulky Goods Retail Trust (the Trust) may only proceed on an application form attached to the Product Disclosure Statement (PDS) dated 11 April 2022 issued by MPG Funds Management (MPG) AFSL No 227 114. This brochure is general product advice only and has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. In deciding whether to invest in the Trust you should consider and read carefully the PDS and consider seeking the advice of a licensed financial adviser before making an investment decision. Your investment may be subject to investment risk. Neither MPG nor any member of the MPG Group guarantees the return on your investment, or the gain or repayment of capital. Your investment does not represent deposits or other liabilities of the MPG Group.
Core Property rating: Recommended
The Core Property rating (assigned in May 2022) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.