Acquisition Dates:
May 2021 - Mayfield West (2 industrial properties)
August 2021 - MacGregor Home (large format retail)
Acquisition Price:
Mayfield West - $9.92 million
MacGregor Home - $42.15 million
Target IRR: 9.6% p.a. including 7.9% p.a. average cash distribution
WALE: 5.9 years

The Stirling Enhanced Yield Fund offers investors exposure to strongly performing Industrial and Large Format Retails sectors.

The Fund targets to provides investors with an enhanced and sustainable annual distribution averaging 7.9% p.a. over the Fund Term. Stirling’s strategy is to acquire quality commercial real estate assets in high growth markets which are benefitting from;

  • The rapid decentralisation of employment outside of prime capital city CBD locations
  • Strong population growth
  • Infrastructure investment
  • Onshoring of economic activity

Stirling has specifically targeted acquisitions in Newcastle and Metropolitan Brisbane as these locations stand to benefit from long term demand drivers as a result of decentralization, population growth, improved infrastructure and onshoring of economic activity.

The Fund’s assets comprise three quality assets including two adjoining industrial warehouses located in Newcastle’s prime industrial precinct which are leased for 7 years and a Large Format Retail Centre 11km south of the Brisbane CBD anchored by The Good Guys with a 5.9 year Weighted Average Lease Expiry.


Date Value/unit
31 December 2023 $0.977
30 September 2023 $0.993
30 June 2023 $0.993
31 March 2023 $1.0015
31 December 2022 $1.015
30 September 2022 $1.0205
30 June 2022 $1.0139
31 March 2022 $0.874
31 December 2021 $0.874
              
Quarter Distribution Rate
31 December 2023 1.325 cpu
30 September 2023 1.325 cpu
30 June 2023 1.4375 cpu
31 March 2023 1.4375 cpu
31 December 2022 1.4375 cpu
30 September 2022 1.4375 cpu
30 June 2022 1.541 cpu
31 March 2022 1.80 cpu
31 December 2021 1.80 cpu
30 September 2021 1.814 cpu *