SPDR S&P/ASX 200 LISTED PROPERTY FUND (SLF)



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General Information
Company Name: SPDR S&P/ASX 200 Listed Property Fund
Stock Code: SLF
Website: http://www.ssga.com.au
GICS Sub-Industry: Diversified Real Estate Investment Trusts
Market Cap ($M): 353
Equiv. Shares (M): 37

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 9.620 $ 9.570 $ 9.620 $ 9.560 $ 9.620 48,285 0%

Company Overview

Business Description:
SPDR S&P/ASX 200 Listed Property Fund (SLF) is an exchange traded fund seeking to provide investment results that correspond to the price and yield performance of the S&P/ASX 200 A-REIT Index. The responsible entity of the fund is State Street Global Advisors, Australia Services Limited.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 69.1 173.1 119.4 5.2 47.9 5.3 0.8
2012  A 28.9 78.9 108.7 9.5 47.5 6.3 0.8
2011  A 14.6 37.8 -51.8 21.0 40.1 5.1 10.1
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
CFS Retail Property Trust (CFX) $5,946 M 0.0821 0.0847 0.0133 15.7348 14.5066 14.3169 0.0690 0.0689 0.0702
Dexus Property (DXS) $5,837 M 2.5145 -0.2901 0.0402 9.9908 14.0726 13.5287 0.0553 0.0575 0.0586
Goodman Gp (GMG) $8,397 M 0.7651 0.0642 0.0678 14.9309 14.0300 13.1387 0.0399 0.0426 0.0456
Investa Office Fund (IOF) $2,008 M -0.2896 0.0218 -0.0035 14.5398 14.2298 14.2795 0.0543 0.0566 0.0568
SPDR S&P/ASX 200 Listed Property Fund (SLF) $350 M 1.1950 -- -- 5.5106 -- -- 0.0503 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
SLF -- 5.56 -- --
Market 1.25 14.0 0.96 1.04
Sector 1.54 14.0 1.03 3.38

Directors
Name Position Start Date
Ms Susan Darroch Managing Director 29 November 2012
Mr James Keith MacNevin Non-Executive Director 04 April 2013
Mr Jonathan M Shead Non-Executive Director 01 August 2007

Management
Name Position
Phillip Maher Company Secretary

Substantial Shareholders
Holding Name
2,428,283 (6.09%) HSBC Custody Nominees (Australia) Limited

Calendar of Events
Date Event
26 February 2015 Report (Interim)
25 August 2014 Report (Prelim)
25 August 2014 Report (Annual)
03 June 2014 Div Pay Date
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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