2 excellent ASX shares for a retirement portfolio

These ASX shares could be a good fit for retirees…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're looking for retirement portfolio options, then you may want to look at the shares listed below.

Here's why these ASX shares could be good options for retirees:

couple looking at paper on desk

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's 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 positive on the company's outlook is Macquarie. It currently has an outperform rating and $4.22 price target on its shares. The broker is also forecasting dividends per share of 17.3 cents in FY 2022 and 18.4 cents in FY 2023. Based on the current Centuria Industrial share price of $3.78, this equates to 4.6% and 4.9% yields, respectively.

Lifestyle Communities Limited (ASX: LIC)

Another ASX share that could be a good option for a retirement portfolio is Lifestyle Communities. It focuses on building, owning, and operating land lease communities that provide affordable housing options to Australians over 50.

The company's land lease model allows people to downsize their family home to free up equity in retirement whilst enjoying resort style living. This is proving to be very popular among Australia's ageing population, which is underpinning solid growth.

The good news is that the team at Goldman Sachs expect this solid form to continue. This is due to its belief that demand for land lease will strengthen as older Australians looks to enhance retirement by releasing equity from the family home.

At present, the broker has a buy rating and $21.60 price target on its shares. It is also forecasting consistent dividend growth in the coming years. And while the yield is modest at current prices, it will grow in time.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Retirement

An older couple dance in their living room as they enjoy their retirement funded by ASX dividends
Retirement

5 excellent ASX shares to buy for a retirement portfolio

From supermarkets to infrastructure and property, these ASX shares bring different strengths to a long-term retirement portfolio.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Retirement

3 blue-chip ASX shares to boost your retirement income

From supermarkets to telecoms, these blue-chip ASX shares combine stability, scale, and the ability to generate consistent income over time.

Read more »

An older couple use a calculator to work out what money they have to spend.
Retirement

You can aim to beat the Age Pension for the price of a daily coffee!

It doesn’t cost much to build up a large portfolio over time.

Read more »

Superannuation written on a jar with Australian dollar notes.
Superannuation

3 dependable ASX shares to add to a superannuation fund in 2026

I would trust these stocks with my retirement.

Read more »

A happy elderly couple enjoy a cuppa outdoors as the woman looks through binoculars.
Retirement

What you can own and earn in retirement while still qualifying for the pension changes today

The pension also lifts by $22.20 per fortnight for singles and $33.40 per fortnight for couples from today.

Read more »

A trendy woman wearing sunglasses splashes cash notes from her hands.
Retirement

If a 30-year-old invests $500 a month in ASX stocks, here's what they could have by retirement

Here’s how investing regularly can grow into a large amount.

Read more »

Man with his arms spread wide in a field.
Dividend Investing

Why this ASX REIT is a retiree's dream

Looking for a reliable investment? I’d go for this one…

Read more »

Two older women with yoga mats laughing and walking.
Retirement

How much can you own in retirement and still get a pension under new rules just announced?

The value of assets you can own, while still qualifying for the pension, will increase this Friday.

Read more »