** Bell Potter initiates coverage on Australia's GemLife Communities GLF.AX and sets PT at A$5.55; recommends "buy"
** GLF rises as much as 2.9% to A$4.96, its all-time high
** Bell Potter forecasts a 15% rise in EPS CAGR over the next three years for GLF due to increased development and settlement ramp-up, with highest gross build margins within the sector
** GLF's integrated builder model, QLD, and greenfield development distinguishes and positions it strongly to capture market share in Australia’s aging population-driven real estate sector — Bell Potter
** Adds developer-operator of land lease communities has an experienced management team with skin in the game
** All four analysts rate the stock "buy"; set the median PT at A$5.40, according to data compiled by LSEG
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))