2341 GMT - The continued outperformance of Australia's two largest city property markets--Melbourne and Sydney--suggests there could be possible upside to REA Group's yield growth guidance, Citi analyst Siraj Ahmed says. Maintaining a buy rating on the stock, Ahmed tells clients in a note that February listings growth in both cities was stronger than national average. He points out that the two cities offer stronger yields for the News Corp-controlled real-estate advertiser. Ahmed acknowledges that higher interest rates are a headwind to activity, but says his forecasts largely factor in likely hikes in March and May. Citi has a A$199.00 target price on the stock, which is down 0.8% at A$168.06. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 11, 2026 19:41 ET (23:41 GMT)

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