GDA Diversified Property Trust
The Trust is an open-ended unlisted property trust that invests in a diversified portfolio of direct commercial properties to provide a regular and competitive level of tax advantaged distributable income combined with the potential for capital growth.
Performance1
The Trust is an open-ended unlisted property trust that primarily invests in a diversified portfolio of direct properties and listed property securities. It is an established trust, having been in operation since 14 December 2004, and was established to provide Investors with access to a professionally managed diversified portfolio of Australian income earning direct property assets. The Trust predominately invests in Australian commercial property.
The Trust’s objective is to provide Investors with a regular and competitive level of tax advantaged distributable income combined with the potential for capital growth.
As the Trust earns the majority of its income from rental payments, GDA has embarked on an investment strategy designed to minimise the risk to income both now and in the future. The risk has been reduced through the inclusion of multiple properties, multiple tenants and varying lease conditions.
It is GDA’s intention to continue to expand the Trust through future property acquisitions. The addition of further properties is intended to further minimise the risk to the Trust’s income stream and also assist in maintaining high levels of tax advantaged distributions. All future acquisitions will be subject to strict investment criteria.
Whilst the Trust is diversified across a number of properties, the Trust is not restricted to a particular property investment category (e.g. geographical location, sector, type). Rather GDA utilises a bottom-up approach of property selection to select the best properties to achieve the objectives of the Trust. As the Trust grows, GDA will continue to target a portfolio weighted towards strong, quality tenants with strong after-tax returns.
Over time, as GDA acquires or sells assets consistent with its investment strategy, the specific assets comprising the Trust’s investment portfolio will change. Furthermore, the listed property securities the Trust may invest in from time-to-time, may also buy, sell or expand on their portfolios, resulting in changes to the Trust’s exposure to various assets.
As at 30 September 2024, the Trust currently holds 9 properties, offering diversification across sector, geographic and tenancies. A summary of the Trust's investment portfolio can be seen on GDA's website at www.gdagroup.com.au/services/property-portfolio/.
^ By Value as at 30 September 2024
GDA provides Unitholders with the opportunity to realise some or all of their investment through a combination of:
- Limited Three-Monthly Withdrawal Offers; and
- Five-Year Liquidity Events.
Limited Three-Monthly Withdrawal Offers
GDA aims to offer Unitholders the opportunity to withdraw all or part of their investment through a limited withdrawal offer on a three-monthly basis, subject to the Trust having available liquid assets.
Accordingly, if the amount required to meet withdrawal requests in any month exceeds the amount GDA determines to be available, withdrawal requests will be met pro-rata. The unsatisfied portion of the withdrawal requests will be carried forward to the next withdrawal offer and treated as new withdrawal requests for the unsatisfied portion, unless, with the agreement of GDA, the Unitholder withdraws the deemed withdrawal request. GDA will inform Unitholders of the amount available to meet withdrawal requests when the Limited Three-Monthly Withdrawal Offer is made.
Five-Year Liquidity Events
Every five years GDA intends to send a notice to all Unitholders giving them an opportunity to fully withdraw from the Trust at a stated Withdrawal Price. At the date of this PDS the next Liquidity Event will be on, or around, March 2027.
Investments are subject to risks. See section 5 of the Product Disclosure Statement (PDS) for the risks associated with an investment in the GDA Diversified Property Trust.
* Based on actual distribution of 5.70 cents per annum per unit and a current unit price of $1.1882 as at 30 September 2024. Distributions for future quarters may vary.
1 Performance data for the periods longer than one year have been annualised. Capital growth and income distributions are not guaranteed and are subject to the assumptions and risks contained in the PDS. Past performance is not a reliable indicator of future performance.
The responsible entity and issuer of units in the GDA Diversified Property Trust (ARSN 108 321 651) (Trust) is GDA Securities Ltd (GDA) (ABN 58 105 612 600, AFSL 233013). GDA as responsible entity for the Trust has issued a Product Disclosure Statement (PDS) dated 30 March 2022 which sets out the offer to apply for units in the Trust. This page is not intended to be and does not constitute a PDS or disclosure document as those terms are defined in the Corporations Act 2001 (Cth). It does not constitute an offer for the issue sale or purchase of any securities or any recommendation in relation to investing in any asset. This page has been prepared without taking account of any particular investor’s objectives financial situation or needs. While every care has been taken in the preparation of this page, GDA does not make any representation or warranty as to the accuracy or completeness of any statement in it, including without limitation any forecasts or opinions, and persons viewing this page should conduct their own inquiries and investigations. Distribution forecasts are subject to risks outlined in the PDS and distributions may vary in the future. The information on this page is subject to change, and GDA is not responsible for providing updated information to any person. To the maximum extent permitted by law GDA disclaims all liability for any loss or damage which may arise out of the provision to or are by any person of the information contained on this page. All figures stated herein are as at 30 September 2024 and in Australian dollars unless otherwise stated. The Target Market Determination (TMD) for the Trust is available at https://www.gdagroup.com.au/forms-downloads/ and under the Documents menu tab above.
GDA Securities Ltd (GDA) is the Responsible Entity of the GDA Diversified Property Trust and is the issuer of the units in the Trust. GDA was established in 2003 and is an experienced fund manager specialising in property investment in Australia.
GDA is responsible for identifying investment opportunities that fit within the Trust’s investment guidelines and has developed a thorough investment process which seeks returns and manages risk by acquiring assets that meet a strict selection process and criteria. This investment process has been designed to reduce the risk that underperforming assets are acquired and to make the best use of shifting value cycles in the Australian property market.
The directors and responsible managers of GDA have a diverse background and wide variety of skills and experience in areas critical to the acquisition, management and disposal of property assets. Details on GDA’s directors can be seen on GDA's website at https://www.gdagroup.com.au/services/funds-management/.
John is responsible for the overall management of the Trust. He has been involved in the financial services industry since 2006. His background includes banking, commercial accounting, tax, funds management, asset management, property investment and regulatory compliance.
Kyle is responsible for sourcing further property acquisitions for the Trust, and the ongoing asset management of the existing direct property portfolio. He has more than 25 years’ experience in a wide range of property markets in the fields of funds management, valuation, and property management with a strong background in valuations.
Brad is responsible for growing GDA’s distribution network capabilities nationally and assists with the growth of investment funds under management. He has over 30 years’ extensive experience in property and financial services, including funds management.
The flyer contains a summary of the Trust Including its performance and investment portfolio at 30 September 2024.
FAQ’s can be seen on GDA's website at https://www.gdagroup.com.au/faq/
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Statutory Statement
The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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