2350 GMT - One interesting detail from Australian mall owner Region's 1H result is a revised outlook for capitalization rates. Region's property portfolio had a weighted average cap rate of 5.87% at the end of December, having compressed 10bps over six months. Macquarie notes there had been expectations of an additional 10bps of tightening in 2H. Region no longer thinks that will happen because the interest rate outlook has changed, Macquarie says. The RBA lifted interest rates by 25bps to 3.85% this month, and economists note the central bank typically raises rates more than once when acting to tame inflation. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 10, 2026 18:50 ET (23:50 GMT)

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