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After turning in a lousy 2013 ...AWP is once again outperforming the S&P 500 index on a YTD basis by a significant amount ...so lets try and lend a perspective on the actual performance of AWP over the trailing 2.41 years ...
AWP - + 67.83% VS S&P 500 index - + 58.47%
AWP is averaging a + 23.96% annual rate of return over the 2.41 year trailing duration.
S&P 500 index is averaging a +21.04% annual rate of return over the same timeline.
Here is the calendar year math :
2012 - AWP - +47.31% S&P 500 - +14.25%
2013 - AWP - +3.87% S&P 500 - +29.0%
2014 YTD - AWP - +7.36% S&P 500 - + 5.92%
AWP is essentially involved in high end real estate on a global basis ...Japan / UK / US / Brazil ..12% in Japan,9% in the UK , 35% in the US ...
Their top holdings - ARA Asset Mgt - at 4% of portfolio assets and +28% in 2013, Regus PLC - 3.8% of portfolio and +108% in 2013 ,Kenedix of Japan at 3% and up a whopping +305% in 2013 ...
Brazil slumped badly - down over 24% in 2013 and the US market with over 35% of portfolio assets managed only a +7% return in 2013.
The discount to NAV is right at -10.4% at this writing and the fund is sporting an 8.1% dividend paid out monthly ...which commands attention by providing good yield and a discounted price.
After the lackluster 2013, the fund seems to have found its bearings again ...and may yet move up the 2014 Total return to the + 20% trailing average we have seen in the past.
With equity markets " frothing" and bouncing off all time highs ...AWP is a Real Estate alternative to solid portfolio yield in 2014.
Hope this proves helpful - Thx for reading -
caught you on the awp message board-your act is getting old and boring. so take a flyer. you add nothing to all the boards you post on.
Reviewing the annual record of individual stock and mutual fund holdings for 2013 ...and AWP looks like it did very poorly ...especially when compared to indices like the S&P 500 or Nasdaq ....in fact we lost some ground with the market price ...going from $7.28 to $7.14 per share ....as compared to + 25% performance for the S& P index and plus 30% for the Nasdaq.
BUT ...before we mimic Donald Trump and say .." You're FIRED " to AWP ...There is some good news ...The fund is composed of real estate not stocks or bonds so it may be a bit unfair to compare them ...but what the hay ...its a " perform or perish " environment ....so here is a perspective on the two year trailing performance of AWP ....something to keep in mind before pulling the trigger on this investment ...
2013 - dividends paid = $.60 per share
2012 - dividends paid = $.51 per share ( rough estimate )
Capital Appreciation - Market price on 12/30/11 = $5.30 per share minus the market price today of $7.14 = $1.84 per share over the full TWO YEARS. ( that's approx. + 34.7% or + 17.3% per yr )
Total Return calculation = two years of dividends $1.11 per share PLUS the $1.84 in market appreciation for $2.95 per share / starting price of $5.30 ....to equal a + 55.6% two year return or + 27.8% per year ...That's about a rough par with the various stock indices in 2013 ....
The fund still trades a discount to NAV ....and pays out a monthly dividend that annualizes to 8.4% yield ..
The monthly yield and the diversification potential away from traditional stock and bond investments give me pause before simply SELLING this issue ....
Think I am going to hold on a while ...get paid while I wait ....and see if we can get some additional price appreciation out of this one ...
Your thoughts / comments are appreciated - Thx - Mike
This is a great time to have this in a DRIP, or to load up and turn on the DRIP. Heck, load up, take a few Dividends, and unload your principal.
I have watched this one for a long time . Keep an eye on the NAV. So far so good. When you invest in these kind of companies, sharp management is the key. They have the wind at there back. I see 20 in a couple of years.Don't look at the short term.
You do know that it is trading down for the divy?
Ex-Distribution Date - March 19, 2013 Record Date - March 21, 2013 Payable Date - March 28, 2013.