2 ASX shares for under $5 to add to your portfolio this week

Why Qube Holdings Limited (ASX: QUB) and 1 other cheap ASX share are worth a closer look for anyone looking for lower cost shares to add to their portfolios.

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For anyone looking for lower cost shares, I've rounded up a couple of options to consider adding to your portfolio – one for growth, one for income, both for less than the cost of a large latte per share!

Qube Holdings Limited (ASX: QUB)

Qube is the largest supplier of export and import logistics in Australia and operates in 125 locations around Australia, New Zealand and South East Asia. Qube's key business units include ports, bulk, logistics and infrastructure and property, as well as a 50% interest in Patrick Terminals.

Investors looking for growth will be interested in Qube's many projects that are near completion and in the pipeline. Notable 2018/2019 financial year projects include the expansion of the company's warehouses in Victoria and a commitment to a major new warehouse facility at Moorebank Logistics Park in New South Wales. The Bintan Offshore Marine Centre has also commenced operations, with Qube predicting that earnings will strengthen from this asset from FY20 onwards. Qube has also acquired a major industrial park in Western Australia.

Many observers are also keen to see the outcome of Qube's recently announced plan to acquire integrated logistics and supply chain management operators, Chalmers Limited.

In terms of its fundamentals, Qube announced several highlights at its half-yearly update, including revenue being up by 5%, net profit after tax rising by 36.1%, and dividend earnings rising by 30.3%.

Qube is a large and complex company that is successfully diversifying its business units, which is a good sign of potential resilience when the economic winds change. The Qube share price is trading for $3.18 at the time of writing, and could be a handy inclusion to any portfolio.

Stockland Corporation Limited (ASX: SGP)

Stockland is an Australian real estate company that develops, owns and manages retail centres, business parks, logistics centres, office buildings, residential communities and retirement living villages. The industry term for this type of stock is a real estate investment trust (REIT). My colleague Sebastian Bowen writes a weekly REIT Report if you're keen to know more about this income generating sector.

As Sebastian has suggested, Stockland hasn't seen a lot of movement in its share price recently, and is currently trading for $4.73 per share. The good news is, if you're looking for income, Stockland will earn you a healthy 5.87% dividend yield. Stockland's dividend results over the past 5 years have been stable and consistent, which will please investors looking for reliability when estimating an annual income.

Foolish takeaway

Whatever your portfolio strategy, there's always plenty of lower cost shares in great companies like Qube and Stockland to consider. Scan the sectors you like, and you're bound to find something in the lower cost range that fits your bill.

Motley Fool contributor JWoodward has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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