AWP: 12% Yield, But NAV Support Is Still The Key
The abrdn Global Premier Properties Fund (AWP) provides a yield of approximately 12% while trading at a slight premium to its net asset value (NAV). The fund's portfolio is heavily invested in U.S. retail, healthcare, and data center REITs, which makes its NAV vulnerable to fluctuations in interest rates and sector performance. Concerns have been raised regarding the sustainability of its distributions, particularly given the fund's reliance on return of capital.
- ▪AWP offers a yield of around 12%.
- ▪The fund trades at a small premium to NAV.
- ▪Its portfolio is concentrated in U.S. retail, healthcare, and data center REITs.
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