P-REIT (ASX Code: PXT)
P-REIT commenced listing on the ASX in October 2011.
P-REIT is a diversified real estate investment trust (REIT) holding a portfolio of industrial, retail and commercial Australian properties, and unlisted property securities. The trust is implementing counter cyclical strategies to grow income streams for distribution and sustainable capital growth. Specifically the trust will:
- grow the rental income of it's direct property portfolio;
- acquire income producing real estate;
- increase its property securities holdings in particular trusts to a
point of control of the underlying real estate;
- sell or trade out of some property securities holdings;
- acquire small or distressed property investment structures;
- form strategic asset joint ventures and partnerships.