Are you looking for retirement portfolio options? If you are, then you may want to look at the quality ASX shares listed below.
Here’s why these shares could be top options for retirees:
Charter Hall Long WALE REIT (ASX: CLW)
The first ASX share to consider for a retirement portfolio is the Charter Hall Long Wale REIT.
This property company invests in high quality real estate assets that have long weighted average lease expiries (WALEs). And when I say long, I mean long. At the last count, its WALE was comfortably over 10 years.
Another positive is that these properties are in great demand. So much so, the company reported 99.9% occupancy. And to sweeten the deal further, half of its property income is derived from inflation-linked leases. This bodes well for the company in the current environment.
Citi is positive on the Charter Hall Long Wale REIT and has a buy rating and $5.00 price target on its shares.
As for dividends, the broker expects dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT unit price of $4.19, this will mean yields of 6.7% and 6.9%, respectively.
Transurban Group (ASX: TCL)
Another ASX share that could be a top option for a retirement portfolio is Transurban.
It is a leading toll road operator that owns a portfolio of roads in Australia and North America, as well as a significant project pipeline that could support its growth long into the future.
Like the Charter Hall Long Wale REIT, Transurban also has positive exposure to inflation. It is no wonder then that the company has been tipped to deliver solid growth in the coming years.
Citi is also positive on the company. It currently has a buy rating and $16.00 price target on its shares.
In respect to retirement income, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.61, this will mean yields of 4% and 4.1%, respectively.
