WAM Alternative Assets Lifts Yield Outlook as It Backs North Sydney Office Redevelopment

WAM Alternative Assets Ltd ( (AU:WMA) ) just unveiled an announcement.

WAM Alternative Assets reported net tangible assets of 118.05 cents per share before tax in February 2026, with assets of $233 million and an 8.7% per annum portfolio return since Wilson Asset Management took over in 2020. The company’s shares closed at $1.015 on 27 February 2026, and it maintains a profits reserve of 14.4 cents per share and a track record of steadily increasing partially franked dividends.

The board has declared a partially franked interim dividend of 3.0 cents per share, equating to an annualised yield of 5.9% and a grossed-up yield of 7.4% based on the late-February share price. February portfolio performance was slightly negative due to foreign exchange impacts on U.S.-dollar venture holdings, but this was partly offset by gains in water and healthcare real estate and a new indirect stake in North Sydney’s landmark 105 Miller Street office tower via Wentworth Real Estate, which is seen as a value-add opportunity with strong rental and infrastructure tailwinds.

Through its investment in the Wentworth Real Estate Private Equity Fund, WAM Alternative Assets gained exposure to 105 Miller Street at more than a 60% discount to the seller’s 2018 purchase price, positioning the asset to offer A-grade office space at competitive rents. The recent opening of the nearby Victoria Cross Metro Station, which has lifted commuter volumes by 43%, and active leasing discussions with major prospective tenants underpin expectations that the building’s redevelopment could enhance returns for WAM Alternative Assets’ portfolio and support ongoing income distributions to shareholders.

The most recent analyst rating on (AU:WMA) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on WAM Alternative Assets Ltd stock, see the AU:WMA Stock Forecast page.

More about WAM Alternative Assets Ltd

WAM Alternative Assets Limited, listed on the ASX under the ticker WMA, is an investment company focused on alternative assets beyond traditional equities and bonds. Its portfolio spans asset classes such as real estate, infrastructure, water rights, healthcare property, and legacy venture capital holdings, targeting differentiated returns for income-focused investors in the Australian market.

Average Trading Volume: 141,612

Technical Sentiment Signal: Hold

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