Jefferies expects little surprise from Aussie REIT results

Centuria Office REIT

08/08/2023 22:15

** Anaysts at Jefferies expect results from major Aussie
real-estate investment trusts (REIT) for the period ended June
to be largely in line with market consensus 
    ** Brokerage says given most REITs have reaffirmed FY23
guidance in April and May announcements, it does not expect too
many surprises
    ** Says investor focus will be on outlook commentary and
operating metrics repesenting higher interest rates
    ** Expects the micro-environment to drive performance for
REITs in FY24, choses Goodman Group  GMG.AX  as top pick -
Jefferies
    
 Company Name              Ric     Current PT  Previous PT  Rating
 Centuria Industrial REIT  CIP.AX  A$3.49      A$3.43       Buy
 Centuria Office REIT      COF.AX  A$1.46      A$1.51       Hold
 Charter Hall              CHC.AX  A$12.10     A$14.33      Hold
 Dexus                     DXS.AX  A$8.78      A$8.85       Hold
 Goodman Group             GMG.AX  A$23.56     A$22.76      Buy
 
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))