Australian REITs Can Continue to Outperform -- Market Talk

Dow Jones

Jul 01

2314 GMT - Citi is backing Australia's real-estate investment trusts to keep outperforming. That view reflects lower interest rates driving down REITs' finance costs. Analysts Howard Penny, Suraj Nebhani and Akshit Batra also cite tailwinds such as tighter cap rates, higher net-tangible-asset valuations, supported demand and stronger fundamentals. "Goodman continues to remain our top pick on the back of long-term data centers demand and growth, along with Stockland and Scentre supported by improving rate cut cycle," they say. Citi is cautious about office landlords. Still, it's positive about companies that own offices as part of a diversified portfolio, such as GPT and Charter Hall. This pair should benefit from an improving funds-management business, Citi says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 30, 2025 19:15 ET (23:15 GMT)

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That view reflects lower interest rates driving down REITs' finance costs. Analysts Howard Penny, Suraj Nebhani and Akshit Batra also cite tailwinds such as tighter cap rates, higher net-tangible-asset valuations, supported demand and stronger fundamentals. \"Goodman continues to remain our top pick on the back of long-term data centers demand and growth, along with Stockland and Scentre supported by improving rate cut cycle,\" they say. Citi is cautious about office landlords. Still, it's positive about companies that own offices as part of a diversified portfolio, such as GPT and <a href=\"https://laohu8.com/S/CHC.AU\">Charter Hall</a>. This pair should benefit from an improving funds-management business, Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 30, 2025 19:15 ET (23:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian REITs Can Continue to Outperform -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralian REITs Can Continue to Outperform -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-01 07:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2314 GMT - Citi is backing Australia's real-estate investment trusts to keep outperforming. That view reflects lower interest rates driving down REITs' finance costs. Analysts Howard Penny, Suraj Nebhani and Akshit Batra also cite tailwinds such as tighter cap rates, higher net-tangible-asset valuations, supported demand and stronger fundamentals. \"Goodman continues to remain our top pick on the back of long-term data centers demand and growth, along with Stockland and Scentre supported by improving rate cut cycle,\" they say. Citi is cautious about office landlords. Still, it's positive about companies that own offices as part of a diversified portfolio, such as GPT and <a href=\"https://laohu8.com/S/CHC.AU\">Charter Hall</a>. This pair should benefit from an improving funds-management business, Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 30, 2025 19:15 ET (23:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA","symbol_name":"VictoryShares US 500 Volatility Wtd ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2548046621","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548046621","pubTimestamp":1751325300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2314 GMT - Citi is backing Australia's real-estate investment trusts to keep outperforming. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CFA":"VictoryShares US 500 Volatility Wtd ETF","MGR.AU":"MIRVAC GROUP","VCX.AU":"VICINITY CENTRES","SCG.AU":"SCENTRE GROUP","CFA.SI":"NikkoAM-STC Asia REIT","CLW.AU":"CHARTER HALL LONG WALE REIT","DXS.AU":"Dexus","GPT.AU":"GPT GROUP","SGP.AU":"STOCKLAND","LLC.AU":"LENDLEASE GROUP","GMG.AU":"GOODMAN GROUP","CQR.AU":"CHARTER HALL RETAIL REIT"},"translate_title":"澳大利亚房地产投资信托基金可以继续跑赢大盘——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA":1,"CFA.SI":1,"CLW.AU":0.9,"CQR.AU":0.9,"DXS.AU":0.9,"GMG.AU":0.9,"GPT.AU":0.9,"LLC.AU":0.9,"MGR.AU":0.9,"SCG.AU":0.9,"SGP.AU":0.9,"VCX.AU":0.9},"content_text":"2314 GMT - Citi is backing Australia's real-estate investment trusts to keep outperforming. That view reflects lower interest rates driving down REITs' finance costs. Analysts Howard Penny, Suraj Nebhani and Akshit Batra also cite tailwinds such as tighter cap rates, higher net-tangible-asset valuations, supported demand and stronger fundamentals. \"Goodman continues to remain our top pick on the back of long-term data centers demand and growth, along with Stockland and Scentre supported by improving rate cut cycle,\" they say. Citi is cautious about office landlords. Still, it's positive about companies that own offices as part of a diversified portfolio, such as GPT and Charter Hall. This pair should benefit from an improving funds-management business, Citi says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 30, 2025 19:15 ET (23:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}