Investment Case for Australian REITs Keeps Improving -- Market Talk

Dow Jones

Sep 10, 2025

0056 GMT - The case for investing in Australian REITs continues to improve, Morgans says. Lower interest rates are providing a tailwind. Also, the supply outlook is benign as construction costs rarely justify additional new developments at current rents, analyst Liam Schofield says. "The positive spread (between debt costs and cap rates), along with a supportive macro, is driving investor interest," Morgans says. "This resurgent demand underpins net tangible assets, whilst earnings growth generally supports distribution growth." Morgans raises its price target on Centuria Industrial REIT by 15% to A$3.75/share and HMC Capital by 16% to A$4.85/share, among other changes. Today, Centuria Industrial REIT is unchanged at A$3.35 and HMC Capital is up 1.4% at A$3.58. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 09, 2025 20:56 ET (00:56 GMT)

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Lower interest rates are providing a tailwind. Also, the supply outlook is benign as construction costs rarely justify additional new developments at current rents, analyst Liam Schofield says. \"The positive spread (between debt costs and cap rates), along with a supportive macro, is driving investor interest,\" Morgans says. \"This resurgent demand underpins net tangible assets, whilst earnings growth generally supports distribution growth.\" Morgans raises its price target on <a href=\"https://laohu8.com/S/CIP.AU\">Centuria Industrial REIT</a> by 15% to A$3.75/share and HMC Capital by 16% to A$4.85/share, among other changes. Today, Centuria Industrial REIT is unchanged at A$3.35 and HMC Capital is up 1.4% at A$3.58. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 20:56 ET (00:56 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>Investment Case for Australian REITs Keeps Improving -- 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\">\nInvestment Case for Australian REITs Keeps Improving -- 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\">2025-09-10 08:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0056 GMT - The case for investing in Australian REITs continues to improve, Morgans says. Lower interest rates are providing a tailwind. Also, the supply outlook is benign as construction costs rarely justify additional new developments at current rents, analyst Liam Schofield says. \"The positive spread (between debt costs and cap rates), along with a supportive macro, is driving investor interest,\" Morgans says. \"This resurgent demand underpins net tangible assets, whilst earnings growth generally supports distribution growth.\" Morgans raises its price target on <a href=\"https://laohu8.com/S/CIP.AU\">Centuria Industrial REIT</a> by 15% to A$3.75/share and HMC Capital by 16% to A$4.85/share, among other changes. Today, Centuria Industrial REIT is unchanged at A$3.35 and HMC Capital is up 1.4% at A$3.58. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 20:56 ET (00:56 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.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566647489","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566647489","pubTimestamp":1757465760,"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":"0056 GMT - The case for investing in Australian REITs continues to improve, Morgans says. Lower interest rates are providing a tailwind. Also, the supply outlook is benign as construction costs rarely justify additional new developments at current rents, analyst Liam Schofield says. \"The positive spread , along with a supportive macro, is driving investor interest,\" Morgans says. \"This resurgent demand underpins net tangible assets, whilst earnings growth generally supports distribution growth.\" Morgans raises its price target on Centuria Industrial REIT by 15% to A$3.75/share and HMC Capital by 16% to A$4.85/share, among other changes. Today, Centuria Industrial REIT is unchanged at A$3.35 and HMC Capital is up 1.4% at A$3.58. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","WPR.AU":"WAYPOINT REIT","COF.AU":"CENTURIA OFFICE REIT","DXI.AU":"Dexus Industria REIT","CFA":"VictoryShares US 500 Volatility Wtd ETF","DXC.AU":"Dexus Convenience Retail REIT","HMC.AU":"HMC Capital Ltd","GMG.AU":"GOODMAN GROUP","CIP.AU":"Centuria Industrial REIT"},"translate_title":"澳大利亚房地产投资信托基金的投资案例不断改进——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GMG.AU":0.9,"CIP.AU":0.9,"DXC.AU":0.9,"DXI.AU":0.9,"WPR.AU":0.9,"HMC.AU":0.9,"COF.AU":0.9,"CFA.SI":1,"CFA":1},"content_text":"0056 GMT - The case for investing in Australian REITs continues to improve, Morgans says. Lower interest rates are providing a tailwind. Also, the supply outlook is benign as construction costs rarely justify additional new developments at current rents, analyst Liam Schofield says. \"The positive spread (between debt costs and cap rates), along with a supportive macro, is driving investor interest,\" Morgans says. \"This resurgent demand underpins net tangible assets, whilst earnings growth generally supports distribution growth.\" Morgans raises its price target on Centuria Industrial REIT by 15% to A$3.75/share and HMC Capital by 16% to A$4.85/share, among other changes. Today, Centuria Industrial REIT is unchanged at A$3.35 and HMC Capital is up 1.4% at A$3.58. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 09, 2025 20:56 ET (00:56 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":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}