Are you looking for retirement portfolio options? If you are, then you may want to look at the high quality shares listed below.
Here's why these ASX shares could be top options for retirees:
Centuria Industrial Reit (ASX: CIP)
The first ASX retirement share to consider is this industrial-focused property company. Centuria Industrial owns a portfolio of high quality industrial assets that has been constructed with the aim of delivering consistent income and capital growth to investors.
The company notes that its portfolio is heavily weighted to areas of the economy that are growing fast and are in demand from tenants. This includes properties linked to the production, packaging, and distribution of consumer staples, telecommunications and pharmaceuticals.
One leading broker that is particularly positive on Centuria Industrial's outlook is Macquarie. It currently has an outperform rating and $4.16 price target on its shares. The broker is also forecasting dividends per share of 17.3 cents in FY 2022 and 18.7 cents in FY 2023.
Based on the current Centuria Industrial share price of $3.76, this represents yield of 4.6% and 5% yields, respectively.
Transurban Group (ASX: TCL)
Another ASX share that could be a good option for a retirement portfolio is this leading toll road operator. Transurban owns a portfolio of 17 roads in Australia, four in North America, and a significant project pipeline across its networks that could support its growth in the coming years.
And while lockdowns were weighing on its performance, traffic looks set to bounce back strongly now restrictions are easing. Combined with the aforementioned project pipeline, this is expected to support strong distribution growth in the coming years.
Morgans is positive on the company. It currently has an add rating and $14.79 price target on its shares.
In addition, the broker is forecasting dividends per share of 39 cents in FY 2022 and then 57 cents in FY 2023. Based on the current Transurban share price of $14.06, this will mean yields of 2.8% and 4.1%, respectively.
