There are some interesting ASX dividend shares that could be ideas for income in 2022 and beyond.

The ASX share market has gone through much volatility this year. Inflation is currently relatively high, which is impacting market thoughts on where interest rates are headed.

This volatility has sent the valuation of some businesses down, which has pushed up the dividend yield of some ASX dividend shares, like these two:

Beacon Lighting Group Ltd (ASX: BLX)

Most readers may know Beacon for its lighting retail stores. It also services trade customers. Beacon Lighting has an e-commerce offering for customers and it has a growing international division.

It's currently rated as a buy by the broker Citi with a price target of $3. That implies a potential rise of around 50%. However, it acknowledged that a rise in interest rates and a slowdown in household spending could hurt sales. Despite that, Citi believes that Beacon has long-term growth potential.

According to Citi, Beacon has a projected grossed-up dividend yield of 6% in FY23.

Beacon Lighting's profit margins continue to climb. In the recent FY22 half-year result, the gross profit margin increased from 68.5% to 70% and the net profit after tax (NPAT) margin increased from 14.6% to 14.9%. Online sales jumped 41% to $20.3 million, with online sales representing 15.4% of total retail sales.

The ASX dividend share continues to open new stores. It currently has around 120. Further, it has identified the potential for 184 stores around Australia.

Internationally, the company recently launched its American website in a bid to build Beacon Lighting's market presence in the USA. International sales rose by 65% to $8.1 million. It has also established a new online ceiling fan sales channel in China with Tmall Global.

Garda Diversified Property Fund (ASX: GDF)

This business owns 17 properties. It describes itself as a real estate investor, developer, and manager with investments along the eastern seaboard of Australia, from Cairns to Melbourne. In April 2022, its investments were worth around $603 million, split almost equally between industrial properties and commercial office properties.

It's currently rated as a buy by the broker Morgans with a price target of $1.83. This implies a possible upside of around 20%.

Last month, the company updated the market with its latest valuation and net tangible assets (NTA) numbers. The business saw a $22.5 million valuation uplift, helping the NTA rise by 14 cents per security to $1.86. That means the current Garda Diversified Property Fund share price is at an 18% discount to the NTA.

Morgans thinks that the ASX dividend share is going to pay a distribution of 7.4 cents per security in FY23. That translates into a forward distribution yield of 4.8%.

Garda boasts that its active management, combined with "strong market fundamentals", continues to deliver value for investors.

Looking at a few portfolio metrics, its portfolio occupancy rate in the FY22 half-year result was 94%, with 3.2% fixed annual rent increases. The weighted average lease expiry was 5.6 years.

The post 2 buy-rated ASX dividend shares for income in 2022 appeared first on The Motley Fool Australia.

The Garda Diversified Property Fund (ASX: GDF) share price is rising today after the company released its third-quarter FY21 market update.

The Garda share price is up 1.35% to $1.13 per share at the time of writing.

Garda is a property group headquartered in Brisbane that invests in, owns, manages and develops commercial and industrial real estate. 

What Garda's update said

The Garda share price is responding positively to news that it sold 3 assets, all above book value, for a total of $30.6 million.

It provided 2 construction updates on tenant-committed properties in Brisbane, one in Wacol that is due for completion in May and another in Acacia Ridge that has just commenced construction.

Its property group at Berrinba is now 100% committed, while further leasing at property Botanicca 9 has increased the gross avenue of the Botannica property to 47%. Approximately two-thirds of Garda's portfolio is now to be independently valued.

Across its property portfolio, Garda's occupancy rates are now 89%.

Garda has benefited immensely from the nationwide property price boom due in part to record-low interest rates. It's selling a further 3 high-value properties and has now set its prices unconditionally.

Its Archerfield property is now unconditional for $7.0 million, representing a 12.9% premium to its independent valuation. It is due to settle in mid-April. 

Lytton is under contract for $11.0 million, representing a 26.1% premium to its independent valuation and is subject to Garda completing certain works. Lytton is expected to settle at the end of May.

Finally, Varsity Lakes is now also unconditional for $12.6 million, representing a 5% premium to its independent valuation. Settlement is expected to occur not later than 11 May 2021.

Where Garda's boom prices will be reinvested

Investors looking for increases in Garda share price will be hoping that the company reinvests its current earnings in an enhanced construction pipeline.

Garda admitted that it would direct most of the current cash flow towards decreasing debt. However, it has its eyes on ultimate industrial development.

The company says eventually, some funding will be directed to completing the pre-mentioned property assets at Wacol and Acacia Ridge.

Garda share price snapshot

The Garda share price rose from 89 cents to $1.27 between April and November 2020 and has remained within a five-cent window for most of 2021. It's down in 2021 by 8.8% so far. 

It's managed a 12-month return of 32%, which has beaten the real estate sector by 1% but lost to the S&P/ASX 200 Index (ASX: XJO) by 1.66%. 

The post How the property boom is affecting the Garda (ASX:GDF) share price appeared first on The Motley Fool Australia.