2 excellent ASX shares for a retirement portfolio: brokers

These ASX shares could be a good fit for retirees…

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:

couple looking at paper on desk

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.

More on Retirement

Side view of a happy senior woman smiling while drawing as a recreational activity or therapy outdoors together with the group of retired women.
Retirement

CBA vs Coles shares: Which is the better buy at age 50?

CBA and Coles are Aussie blue chips, but which is better if you’re investing a large sum at 50? Here’s…

Read more »

Senior man looking at his laptop and pondering something.
Retirement

CSL vs CBA: Which ASX share is best for SMSFs?

We pit CSL against Commonwealth Bank to see which ASX blue chip offers SMSFs the best mix of dividends, franking,…

Read more »

Man looking at his laptop and pondering data.
Retirement

Wesfarmers vs Qantas: Which ASX share suits a 60-year-old investor?

We compare Wesfarmers and Qantas shares for income, stability and value – which looks right for the retirement-minded investor?

Read more »

Couple holding a piggy bank, symbolising superannuation.
Retirement

How much do I need to retire on $85,000 a year at 50?

Investors can build significant dividend income by age 50.

Read more »

Man looking at a laptop with his hands on his head, with his partner trying to talk to him.
Retirement

6 costly mistakes that will slash your Age Pension payment

One of these errors could cut your payment in half. Or worse, eliminate it entirely.

Read more »

Elderly couple dressed up with capes on.
Retirement

Why this ASX dividend share is a retiree's dream for 2027

I think this ASX dividend share offers a lot of positives for retirement.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Retirement

54,543 shares of this high-yield ASX dividend stock pay an income equal to the Age Pension

I’m backing this business to continue its amazing payout record.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Retirement

How much do I need to retire on $110,000 a year at 65?

This is what it would take to generate $110,000 a year at 65.

Read more »