2 excellent ASX shares for a retirement portfolio: brokers

These ASX shares could be a good fit for retirees…

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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 top options for retirees:

Centuria Industrial Reit (ASX: CIP)

The first ASX share to consider for a retirement portfolio 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 still growing and are in demand from tenants. This includes properties linked to the production, packaging, and distribution of consumer staples, telecommunications, and pharmaceuticals.

One broker that is positive on the company is Moelis. It currently has a buy rating and $3.69 price target on its shares. The broker is also forecasting dividend yields of over 5% for investors over the next couple of financial years.

National Storage REIT (ASX: NSR)

Another top ASX share to consider for a retirement portfolio is National Storage.

It is one of the region's largest self-storage operators with over 225 centres in the ANZ market. Through this growing network the company provides tailored storage solutions to over 90,000 residential and commercial customers.

National Storage has been growing at a solid rate over the last decade thanks to its strong position in a fragmented market and its growth through acquisition strategy. The good news is that management still sees plenty of room to grow both organically and through acquisitions and developments.

Jarden currently has an overweight rating and $2.90 price target on its shares. The broker is also expecting dividend yields greater than 4% over the next two financial years.

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 Scott Phillips.

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