** Citi notes improving conditions for land lease sales, driven by lower interest rates, first-home buyer incentives and recovering regional price growth
** Notes stabilization in construction costs since last year, suggesting a positive trajectory for development margins into FY26
** Brokerage chooses REIT stocks Ingenia Communities Group INA.AX, Scentre Group SCG.AX and Lifestyle Communities LIC.AX as its top picks from the sector
** Citi says the strong margin recovery potential for Ingenia could drive superior earnings growth to peers
** However, Citi says upside to Lifestyle Communities is reliant on sales recovery in Melbourne and the resolution of Victorian Tribunal complaints around its contract structure
** The Australian real estate subindex .AXRE is up 2.6%, in line with the broader benchmark index .AXJO as of last close
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Bill Berkrot)
((Nikita.Jino@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。